Forbes Coal Shareholders Urged To Vote Their BLUE Proxy By Deadline
Forbes & Manhattan Coal Corp. (TSX:FMC) urged its sharholders to vote their BLUE proxy for the management slate of board nominees before the deadline on September 13, 2012 at 10 am.
Forbes & Manhattan Coal Corp. (TSX:FMC) urged its sharholders to vote their BLUE proxy for the management slate of board nominees before the deadline on September 13, 2012 at 10 am.
As quoted in the press release:
Since acquiring the Magdalena and Aviemore mines in September 2010, the current management and directors have:
- Increased saleable production by 74% by strategically expanding production from both mines;
- Positioned Forbes Coal for long-term export growth. We have expanded export capacity by 960,000 tonnes and signed a three-year sales contract with a leading energy trading company for 1.75 million tonnes of thermal coal;
- More than doubled revenue from $46 million in fiscal 2011 to $105 million in 2012;
- Raised annual earnings before interest, taxes and depreciation (EBITDA) by 65% to $27.3 million in fiscal 2012;
- Improved social relations at both mines and dramatically reduced time lost to injuries;
- Raised over $75 million in equity and debt to acquire the assets and expand operations;
- Added research coverage from seven reputable brokerage firms in Canada and South Africa; and
- Listed Forbes Coal on the Toronto Stock Exchange and the Johannesburg Stock Exchange.
Click here to read the full press release.Â
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1827.54 | +0.47 | |
Silver | 21.15 | +0.03 | |
Copper | 3.74 | 0.00 | |
Palladium | 1879.51 | +6.50 | |
Platinum | 911.26 | +4.32 | |
Oil | 107.06 | +2.79 | |
Heating Oil | 4.24 | +0.02 | |
Natural Gas | 6.17 | -0.07 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â