Forbes’s coal output drops

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Thermal and metallurgical coal producer Forbes & Manhattan Coal (FMC) on Friday reported that saleable production at its Magdalena bituminous and Aviemore anthracite operations dropped 41% to 152‚000 tons in the third quarter of the 2013 financial year due to labour disruptions.

The coal‚ producer said the labour disruptions lasted one third of the working weeks in the quarter.

“The incremental increase in production we’ve seen at Magdalena and Aviemore in the previous quarters was hindered by the labour disruption that lasted just over a month. The mine operations resumed in full production November 19th‚” said President and CEO Stephan Theron.

“Furthermore‚ under prevailing market conditions of weak coal prices globally‚ we are monitoring coal output. Forbes Coal remains focused on achieving continued growth in run of mine and saleable numbers for the balance of fiscal 2013 and beyond‚” Theron said. - I-Net Bridge


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