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    coal investing

    Buffalo Coal Stops Production at Magdalena Mine, South Africa

    Teresa Matich
    Sep. 18, 2014 07:59AM PST
    Industrial Metals

    CoalGuru.com reported that Buffalo Coal Corporation (TSX:BUF) has stopped operations at its Magdalena underground mine in South Africa following an ingress of water into a section of the mine.

    CoalGuru.com reported that Buffalo Coal Corporation (TSX:BUF) has stopped operations at its Magdalena underground mine in South Africa following an ingress of water into a section of the mine.

    As quoted in the publication:

    Buffalo’s emergency procedure was initiated and the mine has been evacuated safely.

    Management is currently working to assess the extent and impact of the incident. The relevant government regulator, the South African Department of Mineral Resources, has been informed.

    Buffalo CEO, Malcom Campbell, said:

    We are pleased with the reaction of our emergency team and the implementation of our emergency procedures. The safety of our employees is our top priority at all times.

    Click here to read the full article.

    coal investing
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