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Mining Review.com reports that after signing a deal with Transnet Freight, shares in Forbes and Manhattan Coal Corp.(TSE:FMC) rose 8%.
Mining Review.com reports that after signing a deal with Transnet Freight, shares in Forbes and Manhattan Coal Corp.(TSX:FMC) rose 8%.
The story is quoted as saying:
The Ontario-based miner plans to export coal produced at the mines of South Africa’s Slater Coal (Pty Limited, in which it has just obtained a 53.5% majority stake. Slater Coal has a 70% interest in Zinoju Coal (Pty) Limited, which hold a 100% interest in the Magdalena bituminous and Aviemore anthracite mines in the Klip River coalfield in KwaZulu Natal.