Buffalo Coal Corp - Incident Halts Production At MineRelease Date: 16/09/2014 15:49:00 Code(s): BUC
BUFFALO COAL CORP.
(previously Forbes & Manhattan Coal Corp.)
(Registration number: 002116278)
(External company registration number: 2011/011661/10)
Share code on the Toronto Stock Exchange: BUF
Share code on the JSE Limited: BUC
INCIDENT HALTS PRODUCTION AT MAGDALENA MINE
TORONTO, ONTARIO ? September 16, 2014: Buffalo Coal Corp. (TSX: BUF; JSE: BUC)
(?Buffalo?) has announced that operations at its Magdalena underground mine in South
Africa?s kwa-Zulu Natal Province have been halted following an incident involving the ingress of
water in one of the sections at the mine earlier today.
Buffalo?s emergency procedure was initiated and the mine has been evacuated safely.
Management is currently working to assess the extent and impact of the incident. The relevant
government regulator, the South African Department of Mineral Resources, has been informed.
Malcolm Campbell, Chief Executive Officer of Buffalo, comments ?We are pleased with the
reaction of our emergency team and the implementation of our emergency procedures. The
safety of our employees is our top priority at all times.?
Magdalena currently produces around 1 million tons of bituminous coal a year, which forms
approximately 70% of Buffalo?s total annual production.
Further information will be released when this becomes available.
Buffalo is a coal producer in southern Africa. It holds a majority interest in two operating mines
through its 100% interest in Forbes Coal (Pty) Ltd. trading as Buffalo Coal Dundee, a South
African company which has a 70% interest in Zinoju Coal (Pty) Ltd. (?Zinoju?). Zinoju holds a
100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in South
Africa. Buffalo has an experienced coal-focused management team.
This press release contains ?forward-looking information? within the meaning of applicable
Canadian securities legislation. Forward-looking information includes, but is not limited to,
statements with respect to the future financial or operating performance of Buffalo and its
projects. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as ?plans?, ?expects? or ?does not expect?, ?is expected?, ?budget?,
?scheduled?, ?estimates?, ?forecasts?, ?intends?, ?anticipates? or ?does not anticipate?, or
?believes?, or variations of such words and phrases or state that certain actions, events or
results ?may?, ?could?, ?would?, ?might? or ?will be taken?, ?occur? or ?be achieved?. Forward-
looking information is subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Buffalo to be
materially different from those expressed or implied by such forward-looking information,
including but not limited to: general business, economic, competitive, foreign operations,
political and social uncertainties; a history of operating losses; delay or failure to receive board
or regulatory approvals; timing and availability of external financing on acceptable terms; not
realizing on the potential benefits of the proposed transaction; conclusions of economic
evaluations; changes in project parameters as plans continue to be refined; future prices of
mineral products; failure of plant, equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; and, delays in obtaining governmental
approvals or required financing or in the completion of activities. Although Buffalo has attempted
to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information. Buffalo does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Chief Executive Officer
+27 82 924 4444
Russell & Associates
+27 11 880 3788 / +27 82 372 5816
Email : email@example.com
16 September 2014
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 16/09/2014 03:49:00 Supplied by www.sharenet.co.za
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