Forbes Secures R230m Loan for SA Coal Expansion

- November 16th, 2011

Mining Weekly reported that Forbes Coal (TSX:FMC) has secured loan financing to expand its South Africa coal operations.

Mining Weekly reported that Forbes Coal (TSX:FMC) has secured loan financing to expand its South Africa coal operations.

As quoted in the market news:

The company aims to increase production of bituminous coal at its Magdalena mine to one-million tons in the next year, while production of anthracite at its Aviemore mine would be increased from 100 000 t to 400 000 t.

Click here to read the full Mining Weekly report.

Get the latest Coal Investing stock information

Get the latest information about companies associated with Coal Investing Delivered directly to your inbox.

Coal Investing

Leave a Reply