Forbes Coal Revenue Up 245%

Forbes & Manhattan Coal Corp. (TSX:FMC,JSE:FMC) announced financial results from third quarter 2012.

As quoted in the press release:

Total export sales in the third quarter of 2012 were 199,200 tonnes, a 3.5% sequential increase when compared to second quarter 2012 export sales of 192,400 tonnes. Fiscal year-to-date total export sales are 483,500 tonnes.

Forbes & Manhattan’s President and CEO, Stephan Theron said:

The return on investment from our capital expenditure program is evident as production at both of our mines continues to increase. In addition, sales remain consistent as a result of the continued global demand for coal.

Click here for the Forbes & Manhattan Coal Corp. (TSX:FMC) press release.