TORONTO, ONTARIO -- (Marketwire) -- 02/15/13 -- Forbes & Manhattan Coal Corp. ("Forbes Coal") (TSX: FMC)(JSE: FMC) advises that it has notified Riversdale Mining Limited ("RML") of the cancellation of the agreement between Forbes Coal and RML ("the agreement") for the acquisition by Forbes Coal of 100% of the shares and shareholder claims of Riversdale Holdings (Proprietary) Limited, which is the 74% shareholder of [...]
TORONTO, ONTARIO -- (Marketwire) -- 01/14/13 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports its financial results for the third quarter of fiscal 2013 (three month period ended November 30, 2012). All figures are in Canadian dollars unless specified.
Third Quarter 2013 Financial Results:
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TORONTO, ONTARIO -- (Marketwire) -- 12/13/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or "the Company") reports that the total saleable production at the Magdalena bituminous and Aviemore anthracite operations declined in the third quarter of 2013 (September 1, 2012 to November 30, 2012), as compared to the second quarter of fiscal 2013, due to labour disruptions during the quarter. The [...]
Forbes & Manhattan Coal has resolved the wage-related labour disruption at its mines. Operations at the Magdalena and Aviemore mines as well as the coal processing plants in South Africa, will resume on Monday, November 19, 2012. Forbes Coal and the employees involved have agreed to an average wage increase of 14.8%. Forbes Coal President and Chief Executive Officer Stephan Theron comments, "management is pleased to have [...]
TORONTO, ONTARIO -- (Marketwire) -- 11/01/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) re-iterated today that operations at its Magdalena and Aviemore mines and coal processing plant near Dundee in South Africa's KwaZulu-Natal province will remain suspended until such time as the safety of all employees and security of all company property can be assured.
The company's decision to suspend operations [...]
TORONTO, ONTARIO -- (Marketwire) -- 11/01/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) announced today that it has appointed Craig Wiggill as chairman of its board of directors.
Mr. Wiggill has held management, executive and directorship positions with several international mining and marketing companies in the coal sector. As CEO of Coal Americas at Anglo American plc., he was responsible for all coal [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/31/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports that as at October 31, 2012, the strike action at its Magdalena and Aviemore underground mines as previously reported continues, and that negotiations between Forbes Coal management and unions representing employees are ongoing.
We regret to advise that in a tragic incident related to the labour disruption at the [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/17/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports that commencing at the beginning of the dayshift on October 17, 2012, some of the employees at its Magdalena and Aviemore underground mines have commenced peaceful strike action. The strike action relates to wage demands made by employees and their union. Forbes Coal management has made an offer to the employees [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/16/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") announced today that it has implemented an amicable reconstitution of its board of directors following discussions between the Company and Resource Capital Fund V L.P. ("RCF"), one of Forbes Coal's major shareholders.
As a result of these discussions, Forbes Coal's board has been [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/15/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) is pleased to announce its financial results for the second quarter of fiscal 2013 (three month period ended August 31, 2012) All figures are in Canadian dollars unless specified.
TORONTO, ONTARIO -- (Marketwire) -- 09/27/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") wishes to respond to the inaccurate information that is being suggested by Resource Capital Fund V LP ("RCF") in its press release of September 26, 2012.
On September 24, 2012, Forbes Coal announced that it had entered into a definitive agreement with Rio Tinto PLC pursuant to which it [...]
Forbes & Manhattan Coal and Rio Tinto are pleased to announce that they have entered into a definitive agreement where Forbes Coal will acquire 100% ownership of the shares and shareholder claims of Riversdale Mining Limited in Riversdale Holdings. Forbes Coal will as a result acquire RHPL's 74% interest in the Zululand Anthracite Colliery ("ZAC"), a current producing anthra
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