TORONTO, ONTARIO--(Marketwired - Oct 18, 2013) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) ("Forbes Coal" or "the Company") has reached agreement on wages for this year with the Association of Mineworkers and Construction Union (AMCU) for employees in categories 4 to 8. Wages for employees in these categories will increase by 9% for the [...]
TORONTO, ONTARIO--(Marketwired - Sep 12, 2013) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) announces that shareholders voted in favour of all items of business brought before them at the company's Annual General and Special Meeting of Shareholders ("AGM") held in Toronto, Ontario, on September 11, 2013. The nominees listed in the Forbes [...]
Domestic Sales Increase 14% for the Second Quarter of Fiscal 2014 TORONTO, ONTARIO--(Marketwired - Sep 11, 2013) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) reports record second quarter production at its Magdalena bituminous mine (June 1, 2013 to August 31, 2013). Total run of mine production (ROM) for the second quarter of fiscal 2014 [...]
TORONTO, ONTARIO--(Marketwired - Sep 4, 2013) - Forbes & Manhattan Coal Corp. (TSX:FMC) (JSE:FMC) has closed the secured US$6 million convertible loan facility from Resource Capital Fund V L.P ("RCF") (the "Transaction"). The loan facility is to be used for general working capital in relation to Forbes Coal's operations and exploration properties [...]
TORONTO, ONTARIO--(Marketwired - Aug 9, 2013) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) announces that it has entered into a term sheet for a secured US$6 million convertible loan facility from Resource Capital Fund V L.P ("RCF") with a maturity date of June 30, 2016 (the "Transaction"). The loan facility is to be used for general working [...]
TORONTO, ONTARIO--(Marketwired - Jul 15, 2013) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) ("Forbes Coal" or "the Company") reports its financial results for the first quarter of FY2014 (the 3 month period ended May 31, 2013). Revenue was $20.51 million, gross profit was $0.34 million and consolidated EBITDA was $2.01 million as summarized [...]
Provides Outlook for Fiscal 2014TORONTO, ONTARIO -- (Marketwired) -- 05/30/13 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") reports its financial results for the fiscal year 2013 (the 12 month period ended February 28, 2013). Revenue was $68.5 million, gross profit was $0.9 million and consolidated EBITDA [...]
TORONTO, ONTARIO -- (Marketwired) -- 05/21/13 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) announced today that Ryan Bennett, a senior partner of Resource Capital Funds, FMC's largest shareholder, has stepped down from the Forbes & Manhattan Coal board of directors and will be replaced by his colleague Thomas Quinn Roussel.
TORONTO, ONTARIO -- (Marketwired) -- 05/15/13 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports that it has filed a new technical report (the "Technical Report") in respect of the Company's coal operations in the KwaZulu-Natal Province, South Africa. The Technical Report was prepared in compliance with National Instrument 43-101 [...]
Record Monthly Production of 151,000 Tonnes Achieved in February 2013TORONTO, ONTARIO -- (Marketwire) -- 03/08/13 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports strong fourth quarter production at its Magdalena bituminous and Aviemore anthracite mines (December 1, 2012 to February 28, 2013). Total run of mine production (ROM) for [...]
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 [...]
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.