Canada-based Forbes & Manhattan Coal, which has operations in South Africa, reported that it achieved strong fourth quarter production at its Magdalena bituminous and Aviemore anthracite mines.Aviemore‘s run-of-mine (ROM) production was 85 000 t, a 39% increase compared to third quarters 2013 production of 61 000 t, while its saleable production was 57 000 t, a 43% increase compared to third quarters 2013 production of 40 000 t. Magdalena‘s ROM production was 278 000 t, a 51% increase over third quarters 2013 production of 184 000 t, while its saleable production was 156 000 t, a 39% increase in comparison to third quarters 2013 production of 112 000 t.
“We have resumed a healthy pace of production and our fourth quarter results reflect the consistent growth the company has achieved up to the third quarter, where production was lost as a result of a four and a half week labour disruption. The company has made a strong recovery from the third quarter, and with a record February in ROM production, we are starting the 2014 fiscal year in a strong position. Forbes Coal remains focused on diligent operational efficiency,” said the companys president and CEO Stephan Theron.Meanwhile, the company said that its total ROM production for the fourth quarter of 2013 was 363 000 t, a 48% increase over the 246 000 t produced in the third quarter of 2013 and a 20% increase over the fourth quarter of 2012.
Forbes Coal also revealed that it exported 70 000 t, with domestic sales of 100 000 t. The company added that the increased production rates at Aviemore and Magdalena have enabled both mines to build up healthy stocks of ROM and saleable product, which has in turn resulted in more efficient and optimal use of washing plant capacity.