Canadian miner to export coal from Richards Bay

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.

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