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    coal investing

    Canadian miner to export coal from Richards Bay

    Investing News Network
    Dec. 10, 2010 12:16PM PST
    Industrial Metals

    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.

    To access the full story, click here.

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