Production up at Atlantic Coal

Pennsylvania-focused Atlantic Coal yesterday unveiled increased production and revenues over the first six months of 2012. The AIM-listed coal production firm reported a 17 per cent increase in coal production to 69,415 tonnes, up from 59,533 tonnes last year. Revenue spiked 19 per cent to $8.9m (£5.4m), up from $7.5m in the first half of 2011. As a result, profit jumped 79 per cent to $1.5m.