21 July 2011 – planning decision

Rhondda Cynon Taf Borough Council has resolved to grant planning permission for the Tower Colliery project, subject to certain conditions.  Following the delays in obtaining the planning approval, the company expects production activities to commence shortly after the final conditions associated with the grant of planning permission have been satisfied.  This is clearly good news and the opportunity should have a positive impact on numbers moving forward.  The shares remain ATTRACTIVE.