Forbes Secures R230m Loan for SA Coal Expansion
Investing News Network - 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.