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11-Sep-2018
(Official Notice)
Further to the announcement released by the company on SENS on 5 September 2018, the company advises that a ?Material Change Report? has been released on the Toronto Stock Exchange in regard thereto. A copy of this report is available on the company?s website:

http://www.buffalocoal.co.za/presentations/51-market-news/256-buffalo-coal-corp-restructuring-of- companys-dundee-operations
05-Sep-2018
(Official Notice)
The company announced today that STA Coal Mining Company (Pty) Ltd. (?STA?), a mining contractor engaged by the company to provide contract mining services at the company?s Magdalena underground mine in South Africa, has provided notice to the company of its intention to not renew the contract mining services agreement (the ?STA Agreement?) dated October 31, 2015 entered into by STA, the company and certain subsidiaries of the company, following the expiry of such contract in accordance with its terms on October 31, 2018. Under the terms of the STA Agreement, STA currently conducts all underground coal mining operations at the Magdalena mine under the supervision of the company.



In light of the foregoing, and having regard to the company?s current financial position, the company is initiating a restructuring process at its Magdalena mine operations aimed at ensuring the viability of the business going forward. If no feasible alternatives are found, such process may ultimately result in employee retrenchments and may involve the closure of the Magdalena mine operation. A consultation process has commenced in South Africa with organised labour and relevant stakeholders, as required pursuant to section 189A of the South African Labour Relations Act. Further details on the outcome of this process will be announced at the appropriate time.
10-Aug-2018
(Official Notice)
The following Management's Discussion and Analysis ("MD-A") relates to the financial condition and results of operations of Buffalo Coal Corp. and its subsidiaries for the three and six months ended June 30, 2018 and should be read in conjunction with the audited annual consolidated financial statements for the years ended December 31, 2017 and December 31, 2016, the Management's Discussion and Analysis for the year ended December 31, 2017 and the unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2018. The condensed interim consolidated financial statements ("Interim Results") and related notes have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are in compliance with IAS 34, Interim Financial Reporting. Certain non-IFRS measures are discussed in this Interim MD-A which are clearly disclosed as such. Additional information and press releases have been filed electronically through the System for Electronic Document Analysis and Retrieval ("SEDAR") and are available online under the Buffalo Coal Corp. profile at www.sedar.com.



This Interim MD-A reports the Company's activities through August 10, 2018 unless otherwise indicated. References to Q2 2018 mean the three months ended June 30, 2018, Q1 2018 mean the three months ended March 31, 2018 and Q4 2017, Q3 2017, Q2 2017 and Q1 2017 refer to the three months ended December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017, respectively. References to 2018 YTD mean the six months ended June 30, 2018 and 2017 YTD mean the six months ended June 30, 2017.



Unless otherwise noted all amounts are recorded in South African Rands ("R" or "Rands" or "ZAR"). References to "C$" mean Canadian Dollars and to "US$" mean United States Dollars. Amounts stated in Canadian Dollars or US Dollars are translated at the date of transaction, unless otherwise stated. These other amounts stated in Canadian Dollars were translated at C$1:R10.4495 and amounts in US Dollars were translated at US$1:R13.7255.
10-Aug-2018
(C)
Revenue for the interim period increased to R394.8 million (2017: R325.9 million). Gross profit shot up to R100.9 million (2017: R7.9 million). Loss attributable to owners of the parent widened to R24.4 million (2017: loss of R2.7 million). Furthermore, headline loss per share was 6 cents per share (2017: 1 cent per share).
29-Jun-2018
(Official Notice)
Shareholders are advised that the Company announced today that it had completed a shares-for-debt arrangement with one of its creditors, STA Coal Mining Company (Pty) Ltd. (?STA?).



The Company issued 2,614,533 common shares of the Company (?Common Shares?) to STA, at a deemed issuance price of USD0.05 per Common Share, in settlement of approximately USD130 727 of contract mining fees payable to STA by a subsidiary of the Company in respect of the quarter ended March 31, 2018. The Common Shares were issued in accordance with the terms and conditions of an equity settlement agreement dated October 28, 2015 between the Company, STA and certain other parties and are subject to a four month resale restriction.
01-Jun-2018
(Official Notice)
The Company announces the resignation of Mr. David Thomas from its board of directors.
17-May-2018
(Official Notice)
17-May-2018
(C)
Revenue for the quarter increased to R190.4 million (2017: R171.4 million), gross profit soared to R45.8 million (2017: R13.4 million), loss attributable to owners of the parent came in at R34.8 million (2017: profit of R4.2 million), while headline loss per share was recorded at 8cps (2017: headline earnings of 1cps).
04-May-2018
(Official Notice)
Shareholders are referred to the SENS announcement, dated 20 March 2018, which advised, inter alia, that Buffalo Coal Dundee (Pty) Ltd. (?Buffalo Coal Dundee?), the company?s wholly-owned subsidiary, had entered into an amendment (the ?Amendment?) to the term loan and revolving credit facility with Investec Bank Ltd. and that as a further condition to the Amendment, the company had retained Northcott Capital Ltd. as its financial advisor to conduct a review of its strategic options.



As there are no guarantees that the strategic review will result in a transaction or if a transaction is undertaken, as to its terms or timing, the company does not intend to disclose developments with respect to the strategic review process unless and until a definitive transaction or strategic option has been approved, unless otherwise required by law or disclosure of which is deemed appropriate. Accordingly, the cautionary announcement is hereby withdrawn and shareholders will be advised in due course as to the outcome of the strategic review.
22-Mar-2018
(C)
Revenue for the year jumped to R738.1 million (R660.6 million) whilst gross profit multiplied to R101.7 million (R18.7 million). However, loss attributable to owners widened to R123.7 million (loss of R45.5 million). In addition, headline loss per share worsened to 31cps (headline loss of 12cps).
20-Mar-2018
(Official Notice)
16-Feb-2018
(Official Notice)
Shareholders are advised that the Company announced on Friday, 16 February 2018, that it had completed a shares-for-debt arrangement with one of its creditors, STA Coal Mining Company (Pty) Ltd. (?STA?).



The Company issued 3 194 097 and 2 965 683 common shares of the Company (?Common Shares?) to STA, at a deemed issuance price of USD0.05 per common share, in settlement of approximately USD159 705 and USD148 284 of contract mining fees payable to STA by a subsidiary of the Company in respect of the quarters ended September 30, 2017 and December 31, 2017. The Common Shares were issued in accordance with the terms and conditions of an equity settlement agreement dated October 28, 2015 between the Company, STA and certain other parties and are subject to a four month resale restriction.
09-Nov-2017
(Official Notice)
The Management's Discussion and Analysis ("MD-A") relates to the financial condition and results of operations of Buffalo Coal Corp. and its subsidiaries for the three and nine months ended September 30, 2017 and should be read in conjunction with the audited annual consolidated financial statements for the years ended December 31, 2016 and December 31, 2015, the Management's Discussion and Analysis for the year ended December 31, 2016 and the unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2017.

09-Nov-2017
(C)
Revenue for the quarter increased to R183.5 million (2016: R178.1 million) and gross profit rose to R28 million (2016: R11.5 million). Loss for the period widened to R30.2 million (2016: R25.5 million). In addition, headline loss per share was 7 cents per share (2016: loss of 7 cents per share).

02-Oct-2017
(Official Notice)
Shareholders are advised that the Company announced today that it had completed a shares-for-debt arrangement with one of its creditors, STA Coal Mining Company (Pty) Ltd. (?STA?).



The Company issued 4 294 203 common shares of the Company (?Common Shares?) to STA, at a deemed issuance price of USD0.05 per Common Share, in settlement of approximately USD214 710 of contract mining fees payable to STA by a subsidiary of the Company in respect of the quarter ended June 30, 2017. The Common Shares were issued in accordance with the terms and conditions of an equity settlement agreement dated October 28, 2015 between the Company, STA and certain other parties and are subject to a four month resale restriction.
23-Aug-2017
(C)
Revenue for the interim period climbed to R325.9 million (R298.5 million). Gross profit came in at R7.9 million (loss of R4.4 million). Loss attributable to owners widened to R2.7 million (loss of R0.6 million). In addition, headline loss per share of 0.01cps (nil) was recorded.
20-Jun-2017
(Official Notice)
Shareholders are advised that the Company announced today that it had completed a shares-for-debt arrangement with one of its creditors, STA Coal Mining Company Proprietary Limited (?STA?). The Company issued 4,424,148 common shares of the Company (?Common Shares?) to STA, at a deemed issuance price of $0.05 per Common Share, in settlement of approximately $221,207 of contract mining fees payable to STA by a subsidiary of the Company in respect of the quarter ended March 31, 2017. The Common Shares were issued in accordance with the terms and conditions of an equity settlement agreement dated October 28, 2015 between the Company, STA and certain other parties and are subject to a four month resale restriction.
12-May-2017
(Official Notice)
12-May-2017
(C)
Revenue for the quarterly period March 2017 came in higher at R171.4 million (March 2016: R142.5) whilst gross profit grew to R13.4 million (March 2016: R3.5 million). Profit for the period of R4.2 million (March 2016: loss of R12.1 million) was recorded. In addition, headline earnings per share amounted to 1cps (March 2016: headline loss per share of 4cps).



28-Mar-2017
(C)
Revenue increased to R660.6 million (R631.0 million) whilst gross profit came in at R18.7 million (loss of R80.4 million). Loss attributable to owners narrowed to R45.5 million (loss of R561.8 million). In addition, headline loss per share was at 0.12cps (headline loss per share of 5.34cps)



27-Feb-2017
(Official Notice)
Buffalo (?the company?) announced today that it had completed a shares for debt arrangement with one of its creditors, STA Coal Mining Company (Pty) Ltd. (?STA?).



The company issued 4 286 908 common shares of the company (?Common Shares?) to STA, at a deemed issuance price of USD0.05 per Common Share, in settlement of approximately USD214 345 of contract mining fees payable to STA by a subsidiary of the company in respect of the quarter ended December 31, 2016. The Common Shares were issued in accordance with the terms and conditions of an equity settlement agreement dated October 28, 2015 between the company, STA and certain other parties and are subject to a four-month resale restriction.
30-Nov-2016
(Official Notice)
Revenue for the quarterly period came in at R178.1 million whilst gross profit was R11.5 million. Loss for the period of R25.5 million was recorded. In addition, headline loss per share was 7cps.
30-Nov-2016
(Official Notice)
22-Nov-2016
(Official Notice)
Further to the cautionary announcements issued between June and October 2016, the latest of which was dated 11 October 2016, Buffalo Coal advises shareholders that the review by Resource Capital Fund V L.P. of its strategic options in respect of its investment in the Company has been terminated. Accordingly, shareholders are hereby advised that caution is no longer required when dealing in the Company?s securities.

14-Oct-2016
(Official Notice)
Buffalo Coal announced the appointment of Mr Rowan Karstel as Interim Chief Executive Officer and Mr Graham du Preez as Interim Chief Financial Officer and Corporate Secretary with effect from 17th October 2016.



Mr Karstel has a wide range of cross commodity mining experience and has performed at the senior management levels at several mining companies in South Africa and Mozambique. He holds a Bachelor of Science degree in Mining and Civil Engineering from the University of Pretoria, a Master?s degree in Mineral Economics from the University of the Witwatersrand and an MBA from the University of Stellenbosch.



Mr du Preez is a senior finance executive with a track record of capable leadership in publicly-traded international mining companies. He is currently also serving as the Chief Financial Officer of Alloycorp Mining Inc. (formerly Avanti Mining Inc.), a position which he will continue to hold.
11-Oct-2016
(Official Notice)
Buffalo Coal announced that further to the cautionary announcement dated June 2, 2016 and the renewal of cautionary announcements dated July 15, 2016 and August 30, 2016, Resource Capital Fund V L.P.?s review of its strategic options in respect of its investment in the Company is ongoing. Accordingly, shareholders of the Company are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
30-Aug-2016
(Official Notice)
Buffalo Coal announced that further to the cautionary announcement dated 2 June 2016 and the renewal of cautionary announcement dated 15 July 2016, Resource Capital Fund V L.P.?s review of its strategic options in respect of its investment in the Company is ongoing. Accordingly, shareholders of the Company are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.

26-Aug-2016
(Official Notice)
26-Aug-2016
(C)
Revenue for the interim period lowered to R298.5 million (2015: R343.9 million). Gross loss narrowed to R4.4 million (2015: loss of R33.4 million). Loss attributable to owners of the parent lessened to R612 458 (2015: loss of R122.3 million). Furthermore, headline earnings per share were recorded at nil cents per share (2015: headline loss of 172 cents per share).
26-Jul-2016
(Official Notice)
Buffalo Coal announced the notice of resignation of Mr Malcolm Campbell as Chief Executive Officer and Ms Sarah Williams as Chief Financial Officer and Corporate Secretary. Mr Campbell and Ms Williams will continue in their current roles for a period of three months to facilitate the implementation of an orderly succession plan, and further details in this regard will be announced in due course.
18-Jul-2016
(Official Notice)
Shareholders are referred to the announcement dated 14 January 2016 wherein Buffalo Coal advised that it had been notified by the Compliance - Disclosure Department of the TSX Venture Exchange (?TSXV?) that the company was being placed on notice for transfer to the NEX Board of the TSXV (?NEX?) for failure to meet the public float continued listing requirements of the TSXV. Shareholders are advised that the company has restored compliance with the TSXV continued listing requirements and that the TSXV has withdrawn the notice of transfer to the NEX.
15-Jul-2016
(Official Notice)
Buffalo announced that further to the cautionary announcement dated 2 June 2016, Resource Capital Fund V L.P.?s review of its strategic options in respect of its investment in the Company is ongoing. Accordingly, shareholders of the Company are advised to continue to exercise caution when dealing in the Company?s securities until a further announcement is made.
12-Jul-2016
(Official Notice)
Buffalo Coal announced that it had completed a shares for debt arrangement with one of its creditors, STA Coal Mining Company (Pty) Ltd. (?STA?).



The company issued 4 459 284 common shares of the company (?Common Shares?) to STA, at a deemed issuance price of USD0.05 per Common Share, in settlement of approximately USD222 964 of contract mining fees payable to STA by a subsidiary of the company in respect of the quarter ended June 30, 2016. The Common Shares were issued in accordance with the terms and conditions of an equity settlement agreement dated October 28, 2015 between the company, STA and certain other parties and are subject to a four month resale restriction.
05-Jul-2016
(Official Notice)
Buffalo announced the resignation of Mr John Wallington from its Board of Directors (?the Board?) with effect from July 3, 2016. Mr Wallington has regretfully tendered his resignation from the Board due to a conflict of interest with other business interests.
08-Jun-2016
(Official Notice)
Shareholders are referred to the Notice of Record and Meetings Dates released on SENS on 4 May 2016 and are advised that the complete notice of Annual and Special Meeting (the Notice of Meeting) with the Circular and corresponding schedules and proxy forms have been released on SEDAR (documentation filing system for Canadian public companies) and can be accessed on the following link: www.sedar.com.



The Meeting will be held at 10:00 (Toronto time) on 28 June 2016 at the offices of Baker - McKenzie LLP, Brookfield Place, Bay/Wellington Tower, 181 Bay Street, Suite 2100, Toronto, Ontario M5J 2T3, Canada.



The Notice of Meeting and related Proxy Forms as well as the Circular are also available on the Company?s website (www.buffalocoal.co.za.) and will be posted to shareholders on 6 June 2016.
02-Jun-2016
(Official Notice)
Buffalo Coal announced today that its majority shareholder, Resource Capital Fund V L.P. (?RCF?), has informed the Company that it is undergoing a review of its strategic options in respect of its investment in the Company, and has appointed an advisor to assist in this regard. The Company cautions that there are no guarantees that the strategic review will result in a transaction or if a transaction is undertaken, as to its terms or timing. The Company does not intend to disclose developments with respect to the strategic review process unless and until a definitive transaction or strategic option has been approved, unless otherwise required by law or disclosure of which is deemed appropriate. Shareholders of the Company are advised to exercise caution when dealing in the Company?s securities until a further announcement is made.
13-May-2016
(Official Notice)
13-May-2016
(C)
The following results are the maiden March quarterly results following the change in reporting currency to Rands. Revenue was recorded as R142.5 million whilst gross profit came in at R3.5 million. Loss attributable to owners was R12.1 million. In addition, headline loss per share was 4cps.



04-May-2016
(Official Notice)
Shareholders are advised that the Notice of Record and Meeting Dates has been issued by the company and are further advised of the following with respect to the upcoming Annual and Special Meeting of Security Holders of Buffalo Coal:

*ISIN: CA1194421014

*CUSIP: 119442101

*Date Fixed for the Meeting: June 28, 2016

*Record Date for Notice: May 24, 2016

*Record Date for Voting: May 24, 2016

*Beneficial Ownership Determination Date: May 24, 2016

*Classes or Series of Securities that entitle the holder to receive Notice of the Meeting: COMMON

*Classes or Series of Securities that entitle the holder to vote at the Meeting: COMMON

*Business to be conducted at the meeting: Annual and Special

*Notice-and-Access:

*Registered Shareholders: NO

*Beneficial Holders: NO

*Stratification Level: Not Applicable

*Reporting issuer is sending proxy-related materials directly to Non-Objecting Owners: NO

*Issuer paying for delivery to Objecting Beneficial Owners: NO





26-Apr-2016
(Official Notice)
Buffalo Coal announced today that it has completed certain shares for debt arrangements with two of its creditors, STA Coal Mining Company Proprietary Limited (?STA?) and Resource Capital Fund V L.P. (?RCF?).



The Company issued 6,136,353 common shares of the Company (?Common Shares?) to STA, at a deemed issuance price of USD0.05 per Common Share, in settlement of approximately USD307,000 of contract mining fees payable to STA by a subsidiary of the Company in respect of the five month period ended March 31, 2016. The Common Shares were issued in accordance with the terms and conditions of an equity settlement agreement dated October 28, 2015 between the Company, STA and certain other parties and are subject to a four month resale restriction.



The Company also issued an aggregate of 57,000,240 Common Shares to RCF, at a deemed issuance price of USD0.05 per Common Share, in settlement of an aggregate of USD2.85 million of interest payable to RCF pursuant to a convertible credit facility between the Company and RCF dated December 2, 2015 (the ?RCF Facility?). The Common Shares were issued in two tranches as follows: 14,990,400 Common Shares effective January 14, 2016 (in respect of interest payable to RCF for the three month period ended December 31, 2015) and 42,009,840 Common Shares effective April 6, 2016 (in respect of interest payable to RCF for the three month period ended March 31, 2016). The Common Shares issued to RCF are subject to certain resale restrictions under applicable United State securities laws. RCF is an insider of the Corporation (holding approximately 88.7% prior to the completion of arrangements described herein and 89.0% following completion of the arrangements described herein). The RCF Facility, including the settlement of interest through the issuance of Common Shares, was previously approved by the shareholders of the Corporation at a meeting of shareholders held on June 19, 2015.

30-Mar-2016
(C)
The following results are the maiden final results following the change in currency. Revenue was recorded as R631.0 million whilst gross loss came in at R80.4 million. Loss attributable to owners was R561.8 million. In addition, headline loss per share was 534cps.
14-Jan-2016
(Official Notice)
Buffalo Coal announced that it has been notified by the Compliance - Disclosure Department of the TSX Venture Exchange (?TSXV?) that the Company is being placed on notice for transfer to the NEX Board of the TSXV (?NEX?) for failure to meet the public float continued listing requirements of the TSXV. NEX is a separate board of the TSXV and provides a trading forum for listed companies that have fallen below the TSXV?s ongoing listing standards.



Pursuant to the notice, the company will have until July 7, 2016 to provide satisfactory submissions on the issue. The company intends to work with the TSXV throughout the review period in an effort to restore compliance with TSXV continued listing requirements.



21-Dec-2015
(Official Notice)
Buffalo Coal Corp.announced that, further to the announcement released on SENS on 14 December 2015, the Johannesburg Stock Exchange (the ?JSE?) has approved the transfer of Buffalo?s listing on the JSE from the Main Board of the JSE to the Alternative Exchange (?AltX?) with effect from 24 December 2015.



Accordingly, the Buffalo shares will de-list on the Main Board of the JSE with effect from the close of business on 23 December 2015 and will be listed on the AltX under share code ?BUC? from the opening of trade on 24 December 2015.
15-Dec-2015
(Official Notice)
Buffalo announced that, further to its press releases dated May 21, 2015, September 10, 2015, November 11, 2015 and December 3, 2015, the common shares (?Common Shares?) of the company will commence trading on the TSX Venture Exchange (the ?TSXV?) effective as of the open of trading on December 18, 2015 under its existing stock symbol, ?BUF?. To ensure no interruption in trading, the Common Shares will be delisted from the Toronto Stock Exchange effective as of the close of trading on December 17, 2015.



The Common Shares continue to be listed and posted for trading on the Johannesburg Stock Exchange (?JSE?), however, as previously announced, the company has made an application to the JSE to transfer its listing from the Main Board of the JSE to the Alternative Exchange (?AltX?) in order to maintain its JSE listing as a secondary listing to the TSXV. This process remains subject to the approval of the JSE.
04-Dec-2015
(Official Notice)
25-Nov-2015
(Official Notice)
12-Nov-2015
(C)
The following results are the company's maiden quarterly results following its change in reporting currency. Revenue came in at R159.9 million whilst gross loss was R29.5 million. Loss before finance costs was R193.4 million. A loss attributable to owners of R261.8 million was recorded. In addition, headline loss per share was 248cps.
12-Nov-2015
(Official Notice)
Buffalo announced that, further to its press release dated September 10, 2015, the Toronto Stock Exchange (the ?TSX?) has agreed, at Buffalo Coal?s request, to extend the deadline for the voluntary delisting of its common shares (the ?Common Shares?) from the TSX to November 30, 2015. This further extension is intended to facilitate the completion of the Corporation?s ongoing application for the listing and posting of the Common Shares on the TSX Venture Exchange (the ?TSXV?).



The listing process is currently ongoing and the Corporation and its advisors are working diligently to ensure that the transition from the TSX to the TSXV will be completed in an efficient manner prior to the delisting deadline. A further update will be provided once formal TSXV approval for the listing has been obtained.
29-Oct-2015
(Official Notice)
17-Sep-2015
(Official Notice)
Buffalo updates shareholders on the proceedings against the Minister of Mineral Resources in South Africa (?the Minister?) and Avemore Trust seeking urgent relief in respect of the Minister?s decision to withdraw the Director-General?s decision to grant Mining Right 301 (?MR301?), as well as withdrawal of the approval by the Regional Manager of the Environmental Management Plan in respect of that right, as announced on August 27, 2015 (?the Ministerial Decision?).



The application for urgent relief was heard on September 15, 2015, and the Company is pleased to advise that the court has granted an order that, pending the final determination of the application for the review and setting aside of the Ministerial Decision (?the Review Application?)

-the Ministerial Decision is of no force or effect;

-the Minister is interdicted from awarding MR301 to any other party; and

-the Company may continue to mine in terms of MR301.



The Company has 30 days within which to launch the Review Application to obtain final relief in the form of an order setting aside the Ministerial Decision. The Company's legal team, including Senior Counsel, has indicated a strong likelihood of the Review Application being successful.



A further update will be provided in due course.

10-Sep-2015
(Official Notice)
Buffalo announced that, further to its press release dated May 22, 2015, it has applied to voluntarily delist its common shares (the ?Common Shares?) from the Toronto Stock Exchange (?TSX?) and expects to submit an application for the listing and posting of the Common Shares on the TSX Venture Exchange (the ?TSXV?).



The Corporation believes that listing the Common Shares on the TSXV will provide greater operational efficiency and lower costs. Buffalo Coal has not yet received formal listing approval from the TSXV; however, the Corporation is currently finalizing its listing application and expects that the transition between the TSX and TSXV will be completed in an efficient manner.



It is expected that the Common Shares will be delisted and therefore no longer traded on the TSX after the close of trading on or about November 6, 2015. The Common Shares will continue to be listed and posted for trading on the Johannesburg Stock Exchange (?JSE?). Buffalo Coal will however make an application to the JSE to transfer its listing from the Main Board of the JSE to the Alternative Exchange in order to maintain its JSE listing as a secondary listing.
03-Sep-2015
(Official Notice)
Buffalo updates shareholders on the proceedings in respect of the notice received from the Minister of Mineral Resources in South Africa (?the Minister?) withdrawing the Director-General?s decision to grant Mining Right 301 (?MR301?), as well as withdrawal of the approval by the Regional Manager of the Environmental Management Plan in respect of that right, as announced on August 27, 2015.



On August 28, 2015, Buffalo instituted proceedings against both the Minister, as the first respondent, and the Avemore Trust, as the second respondent, to seek urgent relief as previously advised ("Urgent Application"), with the matter anticipated to be heard on September 1, 2015.



On August 31, 2015, the state attorney provided the Company's lawyers with notice that it will (i) not oppose the Urgent Application and (ii) abide by the order handed down by the court in the Urgent Application. However the Avemore Trust requested a postponement of the hearing of the Urgent Application, which postponement was agreed to, subject to the Company being allowed to continue mining operations in the MR301 area. Accordingly, the postponement was granted, and the Urgent Application will now be heard during the course of the week commencing on September 14, 2015. In the interim, the court has granted immediate relief to the Company for mining operations to continue in the MR301 area until the Urgent Application is heard and finally ruled upon by the court. Further details will be provided in due course.
28-Aug-2015
(Official Notice)
Buffalo announced various changes to its Board of Directors (?the Board?). Mr John Dreyer and Mr Michael Price have both tendered their resignations from the Board with effect from September 1, 2015. T The Company announced the appointment of Mr Eddie Scholtz and Mr John Wallington to the Board with effect from September 1, 2015.
28-Aug-2015
(Official Notice)
Shareholders are advised that Buffalo has received a notice from the Minister of Mineral Resources in South Africa (?the Minister?) withdrawing the Director-General?s decision to grant Mining Right 301 (?MR301?), as well as withdrawal of the approval by the Regional Manager of the Environmental Management Plan (?EMP?) in respect of that right.



MR301, which is one of the rights underlying Buffalo?s Aviemore mine, was granted in June 2013 to Leeuw Mining and Exploration (Pty) Ltd. (?Leeuw?). At that time Buffalo, through Zinoju Coal (Pty) Ltd., acquired the right from Leeuw. The reasons given by the Minister for the withdrawal of the right are procedural issues in respect of the award process, in relation to an objection received from Avemore Trust in October 2013 against the awarding of the right.



Buffalo intends to apply to court for a review of the Minister's decision to withdraw the grant of MR301 and the approval of the EMP ("Review Application").



Pending the institution of proceedings pertaining to the Review Application, the Company, on the advice of senior counsel, has instructed its attorneys and senior counsel to attend to the institution of proceedings to seek urgent relief to -

*interdict the Minister from awarding MR301 to any other party;

*obtain a declaratory order that the -

**Company may continue to mine in terms of MR301;

**the Minister's decision is of no force or effect;



pending the outcome of the Review Application ("Urgent Application").



Senior counsel has advised that it can be expected that the Urgent Application will be heard during the course of the week commencing on 31 August 2015, and that there is a strong prospect of the Company being successful in the Urgent Application. Pending the outcome of the Urgent Application, mining operations in the MR301 area have been relocated to an adjacent mining right area and the company has sufficient stock on hand to service customers in the short term.



Further details will be provided in due course.
14-Aug-2015
(Official Notice)
14-Aug-2015
(C)
Buffalo have changed reporting and presentation currency to Rands going forward. As a result of reporting currency change, there are no comparatives. Revenue came in at R343.9 million and gross loss was R33.4 million. A loss attributable to owners amounted to R122.3 million was recorded. In addition, headline loss per share was 182cps.



Prospects

The Group's long term vision is to build a high quality bituminous and metallurgical coal mining and supply company. Future production growth is set to be twofold, firstly through expansion and optimisation of the existing BC Dundee operations and secondly through acquisition in the Southern African region.



In the current economic climate, compounded by the impact of the events of CY2014, including the flooding incident at Magdalena underground, the tragic fatality at Aviemore and the necessity of having to initiate various restructuring processes, the short term strategy of the Group is an internal focus on a turn-around back to profitability to ensure the creation of a sustainable foundation to take forward.



The Group will continue to pursue attractive expansion opportunities where it is believed that such opportunities will be synergistic and value enhancing to the existing business, while not removing the focus on the existing Dundee operations. In particular, the Magdalena opencast reserve reached the end of its life of mine during CYQ1 2015, and the Company continues to seek replacement tonnages in the area.



TSX delisting review

The TSX has advised the Company that it has been placed under a remedial delisting review in terms of whether the Company meets the continued listing requirements of the TSX in the following areas: (i) the Company's financial condition and operating results, and (ii) the market value of publicly held listed securities of the Company. The Company has been granted an initial period of 120 days to comply with all requirements of the TSX for continued listing. The Company is currently in discussions with the TSX to satisfy the continued listing requirements. In the event the Company is unable to continue with the listing of its securities on the TSX, the Company will assess other listing alternatives.

14-Aug-2015
(Permanent)
Buffalo Coal Corp have changed functional and presentation currency from Canadian Dollar to Rands going forward, as from 30 June 2015.
04-Aug-2015
(Official Notice)
Shareholders are advised of a fall of ground at Buffalo?s Magdalena underground mine in South Africa?s Kwa-Zulu Natal Province. No employees were affected by the incident, and the partial loss of raw coal production is anticipated to be less than two weeks.

The fall of ground occurred in a worked out area of the mine which was being used as an access way for conveying of coal from two of the four production sections to surface. The fall of ground has necessitated that the Company accelerate its planned relocation of a portion of the conveyor infrastructure to a new surface access adit. This adit was recently established for that purpose and has been used for several months already for the transport of working crews to the two underground sections. The new adit has been designed to significantly shorten the underground infrastructure to surface and installation of the new conveyor belt infrastructure has progressed well and is anticipated to be completed within this week.



The other sections at Magdalena continue to produce well, and as a result of good production over the past two months, the company has sufficient stock available to service customers during the short period of reduced production.

23-Jul-2015
(Official Notice)
Shareholders are advised of the resignation of Ms Lorraine Harrison as Corporate Secretary of the Company with effect from July 24, 2015. The Board of Directors of Buffalo Coal thanks Ms Harrison for her services to the Company and wishes her success in her future endeavours.



The Company is pleased to announce the appointment of Ms Sarah Williams to the position of Corporate Secretary of the Company to replace Ms Harrison.

22-Jun-2015
(Official Notice)
Buffalo announced that shareholders voted in favour of all items of business brought before them at the Company?s annual and special meeting of shareholders of the Company (?AGM?) held in Toronto, Ontario, on June 19, 2015.



The nominees listed in the Buffalo management proxy circular for the 2015 AGM (the ?Circular?) were re-elected as directors of Buffalo.

*John Dreyer

*Robert Francis

*Michael Price

*David Thomas

*Craig Wiggill



Shareholders also approved the appointment of McGovern, Hurley, Cunningham LLP as auditors of Buffalo until the next annual meeting of shareholders.



In addition, disinterested shareholders approved the amendment to the Company?s Stock Option Plan to, among other things, increase the rolling maximum number of common shares issuable thereunder, and under any other security based compensation arrangements of the Company, from 10% to 20% of the outstanding common shares.



Disinterested shareholders also approved the issuance of common shares to settle performance bonuses and previously allocated restricted stock unit awards for prior fiscal years to certain employees and the Chairman of the Company.



Lastly, disinterested shareholders approved the amendment of an existing USD25 million convertible loan facility with Resource Capital Fund V L.P. (?RCF?). The amendments included, among others, an increase in the principal amount from USD25 million to USD29 million to account for a new USD4 million secured loan from RCF, increasing the interest rate under the amended and restated USD29 million convertible loan facility (the ?Amended RCF Loan Facility?) from 12% to 15%, decreasing the conversion price of the principal amount of the Amended RCF Loan Facility from CAD0.1446 to CAD0.0469, and the issuance of common shares to RCF in satisfaction of the conversion of principal amounts of, and interest payments under, the Amended RCF Loan Facility.



For further details, please see the report on voting results filed by the Corporation on June 19, 2015 and the Circular, copies of which are available under the Company?s profile on SEDAR at www.sedar.com.
01-Jun-2015
(Official Notice)
22-May-2015
(Official Notice)
Shareholders are advised that further to the completion of the retrenchment process as announced on March 11, 2015, and as a result of ongoing financial difficulties, the Company continues to consider restructuring alternatives at its Dundee operations.



Despite a welcomed recent increase in productivity, previous underperformance by Magdalena underground, the Company?s largest business unit, the depletion of the Magdalena opencast reserve, which reached the end of its life in March 2015, the continued reduction in export coal prices, as well as ongoing frequent and unpredictable load shedding by Eskom, have impacted the Company?s current and forecast financial position. This has necessitated further restructuring in order to cover operational cash flow shortfalls, thereby ensuring that Buffalo remains sustainable into the future.



In terms of the proposed further restructuring, a consultation process has commenced in South Africa with organised labour and relevant stakeholders, as required in terms of section 189A of the South African Labour Relations Act, and details on the outcome of this process will be announced at the appropriate time.
22-May-2015
(Official Notice)
The Company, a mining company focussed on the production of coal in South Africa, announced on May 21, 2015, that it has been notified by the Toronto Stock Exchange (?TSX?) that it is being placed under delisting review in respect of its common shares. The TSX has advised the Company that it is reviewing whether the Company meets the continued listing requirements of the TSX in the following areas: (i) the Company?s financial condition and operating results, and (ii) the market value of publicly held listed securities of the Company.



The Company is being reviewed under the Remedial Review Process of the TSX and has been granted an initial period of 120 days to comply with all requirements of the TSX for continued listing. If the Company is unable to demonstrate on or before September 18, 2015 that it meets the requirements for continued listing on the TSX, its securities will be delisted 30 days from such date. The Company will be working with the TSX throughout the review process to satisfy the continued listing requirements. In the event the Company is unable to continue with the listing of its securities on the TSX, the Company will assess other listing alternatives in Canada.
21-May-2015
(Official Notice)
Shareholders are notified that the TSX (on which the Company has its primary listing) is reviewing the common shares of the Company with respect to meeting the continued listing requirements of the TSX. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.
15-May-2015
(Official Notice)
15-May-2015
(C)
The following results are the maiden March quarterly results of Buffalo following the change in year-end to December. Revenue came in at CAD17.2 million and gross loss was CAD1.8 million. Loss before finance income and costs was CAD3.3 million. A loss attributable to owners of CAD3.6 million was recorded. In addition, headline loss per share was CAD6cps.



08-May-2015
(Official Notice)
Shareholders are hereby notified that that the previous Notice of Record and Meeting Dates has been cancelled and that an amended Notice of Record and Meeting Dates has been sent to The Canadian Depository for Securities.



The company advise the following amended information with respect to the upcoming Annual and Special Meeting of Security Holders of Buffalo Coal is:

*ISIN: CA1194421014

*CUSIP: 119442101

*Dates Fixed for the Meeting: June 19, 2015

*Record Dates for Notice: May 19, 2015

*Record Dates for Voting: May 19, 2015

*Beneficial Ownership Determination Date: May 19, 2015

*Classes or Series of Securities that entitle the holder to receive Notice of the Meeting: COMMON

*Classes or Series of Securities that entitle the holder to vote at the meeting: COMMON

*Business to be conducted at the meeting: Annual and Special

*Notice-and-Accesses:

-Registered Shareholders: NO

-Beneficial Holders: NO

-Stratification Level: NOT APPLICABLE

*Reporting issuer is sending proxy-related materials directly to Non-Objecting Beneficial Owners: NO

*Issuer paying for delivery to Objecting Beneficial Owners: NO
21-Apr-2015
(Official Notice)
Buffalo confirmed that Notice of Record and Meeting Dates was sent to The Canadian Depository for Securities. The company advised the following with respect to the upcoming Annual and Special Meeting of Security Holders of Buffalo:

* Dates Fixed for the Meeting: June 10, 2015

* Record Dates for Notice: May 8, 2015

* Record Dates for Voting: May 8, 2015

* Beneficial Ownership Determination Date: May 8, 2015
30-Mar-2015
(Official Notice)
27-Mar-2015
(C)
The following results are the maiden results of Buffalo following the change in year-end to December. Revenue came in at CAD59.5 million and gross loss was CAD4.4 million. Loss before finance income and costs was CAD16.3 million. A loss attributable to owners of CAD10.9 million was recorded. In addition, headline loss per share was CAD21cps.
11-Mar-2015
(Official Notice)
Buffalo (?the company?) advises shareholders that the company has commenced with implementation of the restructuring of its operational and cost structures at its Dundee operations, as announced on December 22, 2014.



The consultation process in South Africa with organised labour and relevant stakeholders has been completed as required in terms of section 189A of the South African Labour Relations Act, and as a consequence, the company has commenced with the retrenchments of mine employees. As a result, the company?s workforce will be reduced by approximately 25% once implementation of this process has been completed.



Further to the announcement on February 2, 2015, shareholders are advised that the process pertaining to closing of the additional USD4 million loan facility from Resource Capital Fund V L.P. is ongoing. A further press release will be disseminated upon closing of the loan facility.
04-Feb-2015
(Official Notice)
Buffalo (?the company?) informed shareholders that, in accordance with paragraph 2.6A of the Johannesburg Stock Exchange (?JSE?) Ltd. Listings Requirements, Buffalo has terminated its South African sponsor mandate with Sasfin Bank Ltd. with effect from 28 February 2015.



The company has appointed Questco (Pty) Ltd. as its new JSE sponsor, with effect from 1 March 2015.
02-Feb-2015
(Official Notice)
22-Dec-2014
(Official Notice)
Buffalo advised shareholders that the Company is undertaking a review of the operational and cost structures at its Dundee operations. Despite the restructuring initiatives which have been implemented throughout the group during 2013 and 2014, current market conditions and operational performance have necessitated further restructuring in order to improve operating efficiencies and return to profitability, thereby ensuring that Buffalo remains sustainable into the future. In terms of the proposed restructuring, a consultation process has commenced in South Africa with organised labour and relevant stakeholders, as required in terms of section 189A of the South African Labour Relations Act, and details on the outcome of this process will be announced at the appropriate time.
14-Nov-2014
(C)
The following results are the company's maiden quarterly results after the change in year-end to June. Revenue came in at CAD18.7 million and gross loss was CAD2.3 million. A loss attributable to owners of CAD6.9 million was recorded.
07-Oct-2014
(Official Notice)
Buffalo announced that, following its recent press releases, all operations are back in full production.
23-Sep-2014
(Official Notice)
Buffalo advised that an employee at the company's Aviemore Colliery, near Dundee in kwa-Zulu Natal, South Africa, died in hospital from injuries sustained in a blasting incident which occurred underground at the colliery at approximately 08:00 on Saturday, September 20, 2014.



The Department of Mineral Resources ("DMR") has been advised of the incident and a full investigation, comprising mine management, representatives of the DMR, and the Association of Mineworkers and Construction Union, will be conducted.
16-Sep-2014
(Official Notice)
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, 16 September 2014.



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.



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.
14-Aug-2014
(C)
Buffalo changed their year end, therefore the interim results for June are for four months and uncomparable. Revenue for the interim period came in at CAD22.2 million. Gross loss amounted to CAD2.3 million. Net loss for the period came in at CAD3.8 million. Furthermore, headline loss per share came in at CAD10cps.



Outlook

In an uncertain global economic environment, the outlook for the Group remains positive as the Group has a portfolio of high quality products and services both the domestic and global thermal and metallurgical coal markets.
21-Jul-2014
(Official Notice)
Buffalo herewith announces the resignation of Mr. Bernard Wilson from the Board of Directors with effect from July 7, 2014.
18-Jul-2014
(Permanent)
Forbes - Manhattan Coal Corp changed name to Buffalo Coal Corp, effective 21 July 2014.
10-Jul-2014
(Official Notice)
Shareholders are referred to the announcement published on SENS on 3 July 2014 wherein it was advised that the name change was still subject to receipt of Toronto Stock Exchange approval and had therefore been delayed.



Shareholders are advised that TSX approval has been received and the following salient dates are applicable.

*Last day to trade under the old name of Forbes - Manhattan Coal Corp. Friday, 18 July 2014

*Shares trade under the new name of Buffalo Coal Corp., the JSE code of BUC, the TSX code of BUF, ISIN number CA1194421014 and the short name of ?Buffalo? from the commencement of trading on Monday, 21 July 2014

*Record date in respect of the change of name (Change of Name Record Date) on Friday, 25 July 2014

*Date of issue of replacement share certificates and posting thereof to those holders of certificated shares who have lodged their share certificates and forms of surrender on or before 12h00 on the Change of Name Record Date and updating of CSDP accounts on behalf of holders of dematerialised shares. Monday, 28 July 2014



Notes:

*All times indicated above are South African times, unless indicated otherwise.

*New share certificates will be posted to certificated shareholders within five business days of receipt of the form of surrender and the relevant documents of title if received after 12h00 on the Change of Name Record Date.

*No transfer between the Canadian register and the South African register will be permitted during the period Friday, 27 June 2014 and Friday, 25 July 2014, both dates inclusive.

*Share certificates in the name of Forbes - Manhattan Coal Corp. may not be dematerialised or rematerialised after Friday, 18 July 2014.

10-Jul-2014
(Official Notice)
Forbes - Manhattan Coal Corp.announce that it has changed its name to Buffalo Coal Corp. effective July 4, 2014. The name change was approved by the shareholders of the Company at the annual and special meeting held on June 27, 2014. Further details regarding the name change are contained in the management proxy and information circular dated May 27, 2014, a copy of which is available electronically at www.sedar.com. The Company?s common shares are expected to commence trading concurrently on the Toronto Stock Exchange under the new symbol BUF and on the JSE Limited under the new symbol BUC effective July 21, 2014.

07-Jul-2014
(Official Notice)
Further to its press release dated April 29, 2014, Forbes (the "company") has been in discussions with Ikwezi Mining (Pty) Ltd. ("Ikwezi") regarding a portion of Ikwezi's mining right over the property known as Alleen No. 2, which is located north of Dundee in the Kwa-Zulu Natal province in South Africa, adjacent to Forbes current Magdalena opencast operations ("Alleen No. 2").



As a result of not receiving regulatory consent from the Minister of Mineral Resources (as required in terms of section 102 of the Mineral and Petroleum Resources Development Act) within the expected timelines, the existing agreement between Forbes and Ikwezi for the acquisition by Forbes of Alleen No. 2, lapsed on June 30, 2014.



Both parties have indicated continued interest in pursuing a transaction in respect of Alleen No. 2 and further details in this regard are anticipated to be announced in due course.
04-Jul-2014
(Official Notice)
03-Jul-2014
(Official Notice)
Shareholders are referred to the announcement published on SENS on 2 June 2014 wherein salient dates were included for the proposed change of name from Forbes - Manhattan Coal Corp. to Buffalo Coal Corp. ("the Announcement")



The name change is still subject to receipt of Toronto Stock Exchange approval and has therefore been delayed. Accordingly the salient dates referred to in the Announcement are no longer applicable. Shareholders will be advised of the salient dates relating to the change of name once TSX approval has been received.
01-Jul-2014
(Official Notice)
The following sets out the matters voted on at the Annual and Special General Meeting of Shareholders of Forbes held on June 27, 2014. Each of the matters set out below is described in greater detail in the Notice of Annual and Special General Meeting of Shareholders and Management Information Circular mailed to shareholders prior to the Meeting.



Election of Directors

The shareholders approved the election as directors of the persons listed below, based on the following vote.

Votes for - votes withheld:

* John Dreyer: 98.96% - 1.04%

* Bob Francis: 98.96% - 1.04%

* Michael Price: 98.96% - 1.04%

* David Thomas: 100% - 0%

* Craig Wiggill: 98.96% - 1.04%

* Bernard Wilson: 98.96% - 1.04%



Appointment of Auditors

The shareholders approved the appointment of McGovern, Hurley, Cunningham, LLP as the auditors of the Company for 2014 fiscal year and authorized the Board of Directors to fix their remuneration, based on the following vote.

Votes for - votes withheld:

* 99.10% - 0.90%



Convertible Loan

The disinterested shareholders approved the payment of an establishment fee in connection with a convertible loan to the Company from Resource Capital Fund V L.P. ("RCF"), the payment of interest on the convertible loan and a refinancing of an existing loan with RCF, and the issuance of common shares in the capital of the Company to RCF in satisfaction of the conversion of the principal amount of an existing bridge loan with RCF, and the establishment fee, interest and conversion of the principal amount of the proposed convertible loan and refinancing.

Votes for - votes against:

* 98.11% - 1.89%



Issuance of Warrants

The disinterested shareholders approved the issuance of warrants to Investec Bank Ltd. ("Investec"), exercisable for common shares in the capital of the Company having an aggregate value of 50 million South African Rand in connection with a restructuring of the Company?s senior debt to Investec.

Votes for - votes against:

* 98.10% - 1.90%



Change of Name

The shareholders approved the change of the Company's name to "Buffalo Coal Corp" or such other name as may be acceptable to the Ontario Ministry of Government Services and the Toronto Stock Exchange.

Votes for - votes withheld:

* 99.05% - 0.95%
30-Jun-2014
(Official Notice)
13-Jun-2014
(Official Notice)
Forbes announced the appointment of Mr David Thomas to the board of directors of Forbes. The appointment of Mr Thomas follows the resignation of Mr. Thomas Quinn Roussel who has stepped down as a director of Forbes. Mr Roussel will not stand for re-election at the upcoming Forbes Coal shareholder meeting to be held on 27 June 2014.
02-Jun-2014
(Official Notice)
Shareholders are advised that a circular has been distributed to Forbes shareholders on 2 June 2014 which includes a notice of annual and special meeting to be held on 27 June 2014 ("Forbes Meeting"). Resolutions relating to, inter alia, the RCF funding package, the issuance of warrants to Investec Bank Ltd. and a resolution proposing a change of name from Forbes - Manhattan Coal Corp to Buffalo Coal Corp will be presented for shareholder approval at the Forbes Meeting.



Shareholders are referred to the salient dates below with regards to the proposed change of name.

* Circular posted on Monday, 2 June

* Receipt of forms of proxy in respect of the Forbes Meeting by 10h00 (Toronto time) on Wednesday, 25 June

* Forbes Meeting at 10h00 (Toronto time) on Friday, 27 June

* Results of the Forbes Meeting published on SENS on Friday, 27 June

* Last day to trade under the old name of Forbes - Manhattan Coal Corp. on Friday, 4 July

* Shares trade under the new name of Buffalo Coal Corp., the JSE code of BUC and the short name of "Buffalo" from the commencement of trading on (shareholders will be advised of the new ISIN and TSX codes which will be provided after the Forbes Meeting) Monday, 7 July

* Record date in respect of the change of name 12h00 ("Change of Name Record Date") on Friday, 11 July

* Date of issue of replacement share certificates and posting thereof to those holders of certificated shares who have lodged their share certificates and forms of surrender on or before 12h00 on the Change of Name Record Date and updating of CSDP accounts on behalf of holders of dematerialised shares on Monday, 14 July.
02-Jun-2014
(C)
Revenue for the year increased to CAD72.3 million (2013: CAD68.5 million). Gross loss came in at CAD2.3 million (2013: profit of CAD0.9 million), while loss attributable to owners of the parent worsened to CAD34.1 million (2013: loss of CAD22.7 million). Furthermore, headline loss per share widened to CAD80cps (2013: loss of CAD30cps).



Change in year-end

From March 1, 2014, the Company and its subsidiaries have changed their financial year-end from February 28 to December 31. The next fiscal period will therefore be the ten months ending December 31, 2014.
30-May-2014
(Official Notice)
30-Apr-2014
(Official Notice)
Forbes (the "company") has extended the closing date for the acquisition of a portion of Ikwezi Mining (Pty) Ltd.'s ("Ikwezi") mining right over the property known as Alleen No. 2, as announced on January 20, 2014, to June 30, 2014. The mining right is located north of Dundee in the Kwa-Zulu Natal province in South Africa, adjacent to Forbes's current Magdalena opencast operations.



The parties are awaiting written consent from the Minister of Mineral Resources in terms of section 102 of the Mineral and Petroleum Resources Development Act in order to implement the acquisition.
23-Apr-2014
(Permanent)
Forbes changed their year-end from February 28 to December 31. Forbes' new financial year shall commence on January 1, 2015 and will end on December 31, 2015.
23-Apr-2014
(Official Notice)
Forbes has decided to change from its financial year-end of February 28 to December 31. The Issuer wishes to change its year-end in order to align with a calendar year. Based on a change of year-end from February 28, to December 31, the Issuer has a transition year of ten months, from March 1, 2014 to December 31, 2014. The Issuer's new financial year shall commence on January 1, 2015 and will end on December 31, 2015.
31-Mar-2014
(Official Notice)
Shareholders are referred to the announcement published on SENS on 12 March 2014 and the circular that was posted on 11 March 2014 (Initial Circular) and are advised that the General Meeting (GM) date of Thursday, 3 April 2014 and the dates relating to proposed change of name to Buffalo Coal Corp. (Name Change) have been postponed.



The GM has been postponed in order that a revised circular can be posted to shareholders (Revised Circular). The Revised Circular will address all matters covered in the Initial Circular including the Name Change and will provide information and incorporate an additional resolution relating to a matter not addressed in the Initial Circular.





Shareholders will be advised in due course of:

*the date of posting of the Revised Circular;

*the revised date of the GM; and

*the revised dates relating to the Name Change.
19-Mar-2014
(Official Notice)
Forbes has reached a settlement agreement with Riversdale Mining Ltd. ("RML") in respect of the dispute between the parties in relation to the previously proposed acquisition by Forbes of 100% of the shares and shareholder claims of Riversdale Holdings (Pty) Ltd. The claim by Forbes against RML for the return of the ZAR45.5 million (CAD4.7 million) deposit held in escrow (the "Escrow Funds"), and the claim by RML against FMC for damages in the amount of R299.5 million (USD30.7 million) arising from the proposed acquisition, will be settled by way of the Escrow Funds (including interest) being shared between the parties as to R19 400 000 (CAD2.0 million) to RML and the balance to Forbes. Pursuant to the terms of the settlement agreement, neither party shall have any further claim, right, liability and/or duty of any kind towards the other party in respect of either claim.
12-Mar-2014
(Official Notice)
Shareholders were advised that a circular has been distributed to Forbes shareholders on 11 March 2014 which includes a notice of general meeting to be held on 3 April 2014 ("General Meeting"). Resolutions relating to the RCF funding package and a resolution proposing a change of name from Forbes to Buffalo Coal Corp will be presented for shareholder approval at the General Meeting. Shareholders are referred to the salient dates below with regards to the proposed change of name. Salient dates and times:

*Circular posted on Tuesday, 11 March 2014

*Receipt of forms of proxy in respect of the general meeting by 10h00 (Toronto time) on Tuesday, 1 April 2014

*General meeting at 10h00 (Toronto time) on Thursday, 3 April 2014

*Results of the general meeting published on SENS on Friday, 4 April 2014

*Last day to trade under the old name of Forbes - Manhattan Coal Corp -- Wednesday, 16 April 2014

*Shares trade under the new name of Buffalo Coal Corp (shareholders will be advised of the new ISIN and JSE and TSX codes which will be provided after the General Meeting) from the commencement of trading on Thursday, 17 April 2014

*Record date in respect of the change of name 12h00 ("Change of Name Record Date") on Friday, 25 April 2014

*Date of issue of replacement share certificates and posting thereof to those holders of certificated shares who have lodged their share certificates and forms of surrender on or before 12h00 on the Change of Name Record Date and updating of CSDP accounts on behalf of holders of dematerialised shares -- Tuesday 29 April 2014
06-Feb-2014
(Official Notice)
Forbes announced the appointment of Mr Bob Francis to the board of directors of Forbes. The appointment of Mr Francis follows the resignation of Messrs Stan Bharti and Stephan Theron who have stepped down as directors of Forbes Coal. Messrs Bharti and Theron helped found Forbes and have been instrumental in the Company's achievements over the years.



The Company also reports that Mr. Theron has stepped down from his role as President and Chief Executive Officer of the Company but has agreed to continue with Forbes in a consulting capacity. Mr. Craig Wiggill will assume an interim role of Executive Chairman and Chief Executive Officer until the date of shareholder approval of the convertible loan with Resource Capital Fund, the Company's largest shareholder. Mr. Malcolm Campbell will be appointed as Chief Executive Officer of the Company following the date of shareholder approval.



Mr John Dreyer will assume the role of lead independent director of the Company. Forbes also announced that Ms Sarah Williams has been appointed as Chief Financial Officer of the Company, replacing Ms Battiston who is stepping down from her role with Forbes.
06-Feb-2014
(Official Notice)
21-Jan-2014
(Official Notice)
Forbes (the "company") has entered into an agreement with Ikwezi Mining (Pty) Ltd. ("Ikwezi") for the acquisition of a portion of the Ikwezi mining right over the property known as Alleen No. 2, located north of Dundee in the Kwa-Zulu Natal province in South Africa, adjacent to Forbes's current Magdalena opencast operations ("Alleen No. 2").



Zinoju Coal (Pty) Ltd., a subsidiary of Forbes, will acquire Alleen No. 2 for a purchase price of ZAR8 million (CAD0.8 million), based on the estimated run of mine that can be extracted from the mining right area. If the run of mine actually extracted exceeds the agreed upon production threshold, Ikwezi is entitled to receive a top-up payment equivalent to ZAR10 (CAD1) per tonne extracted which exceeds the production threshold.



The agreement is subject to the company receiving written consent from the Minister of Mineral Resources of the application of sale of the mining right from Ikwezi and the application to purchase the mining right by the company in terms of section 102 of the Mineral and Petroleum Resources Development Act on or before 30 April 2014.
16-Jan-2014
(Official Notice)
15-Jan-2014
(C)
Revenue for the quarter shot up to CAD16.6 million (2012: CAD10.8 million). Gross profit turned around to CAD29 544 (2012: loss of CAD2.3 million), while net loss for the period narrowed to CAD2.4 million (2012: loss of CAD5 million). Furthermore, headline loss per share was lower at CAD7cps (2012: loss of CAD14cps).
31-Dec-2013
(Official Notice)
18-Oct-2013
(Official Notice)
Forbes Coal 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 period from August 1, 2013 to July 31, 2014.



16-Oct-2013
(C)
Revenue declined to CAD39.2 million (CAD44.2 million). A gross loss of CAD0.3 million (profit of CAD4.2 million) was made. However, the net attributable loss was smaller at CAD9.8 million (loss of CAD10.5 million). Nevertheless, the headline loss per share widened to CAD17cps (loss of CAD5cps).



Not on continuation as a going concern

Because of continuing operating losses and a working capital deficiency, the company's continuance as a going concern is dependent upon its ability to obtain adequate financing and to reach profitable levels of operation. It is not possible to predict whether financing efforts will be successful or if the company will attain profitable levels of operations. These conditions indicate the existence of a material uncertainty that may cast significant doubt about the company's ability to continue as a going concern.



Outlook

Although the company has taken steps to verify title to the properties on which it is conducting its exploration, development and mining activities, these procedures do not guarantee the company's title. Property title may be subject to government licensing requirements or regulations, unregistered prior agreements, unregistered claims, aboriginal land claims and non-compliance with regulatory and environmental requirements.



The mining industry in South Africa has been experiencing tense labour relation issues including labour disruptions. The company did experience labour disruptions during October and November 2012 resulting in over four weeks of lost production. While the dispute has been resolved and the disruption has ceased, if new labour disruptions were to take place at the company's mines, they could have further and significant negative impacts on the operations and financial results of the company.
12-Sep-2013
(Official Notice)
Forbes announced 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 management proxy circular for the 2013 AGM were re-elected as directors of Forbes.



Shareholders approved the appointment of McGovern, Hurley, Cunningham LLP as auditors of Forbes until the next annual meeting of shareholders and also approved the re-approval of the company?s stock option plan and the amendment to the Forbes by-laws to require advance notice in circumstances where nominations of persons for election to the board of directors are made by shareholders. Shareholders also approved the resolution authorizing the issuance of common shares in the capital of the company to Resource Capital Fund V L.P. upon conversion of the principal amount of a proposed convertible loan from RCF to Forbes along with accrued interest and the related establishment fee.
11-Sep-2013
(Official Notice)
Forbes reported 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 was 446 000 tonnes on par with the 447 000 tonnes produced in the first quarter of fiscal 2014, and an 8% increase over the second quarter of fiscal 2013, with the Magdalena mine achieving record production levels in each of July and August 2013.



Production Highlights:

*Second quarter fiscal 2014 total ROM production of 446 000 tonnes is on par with total first quarter fiscal 2014 ROM production of 447 000 tonnes;

*Aviemore second quarter fiscal 2014 ROM production was 124 000 tonnes, a 10% decrease over the first quarter fiscal 2014 production of 138 000 tonnes which was a record quarter for the Aviemore mine;

*Magdalena ROM production was 322 000 tonnes for the second quarter fiscal 2014, a 4% increase over first quarter fiscal 2014 production of 309 000 tonnes. Record production was achieved by the Magdalena underground mine in each of July and August 2013;

*Second quarter fiscal 2014 saleable production was 258 000 tonnes, a 2% increase over first quarter fiscal 2014 saleable production of 253 000 tonnes. No coal was bought in during the second quarter of fiscal 2014;

*In the second quarter of fiscal 2014, FMC's domestic sales were 135 000 tonnes, a 14% increase over the first quarter of fiscal 2014;



Logistics

In the second quarter of fiscal 2014, the company exported 103 000 tonnes of coal, a 27% decrease over the first quarter of fiscal 2014. The stockpile at Navitrade increased by 22 000 tonnes, a 53% increase over the first quarter of fiscal 2014. Domestic sales were 135 000 tonnes, a 14% increase over the first quarter of fiscal 2014.
05-Sep-2013
(Official Notice)
21-Aug-2013
(Official Notice)
Forbes confirmed that copies of the following proxy- related materials were mailed on 19 August 2013 to the Forbes Coal registered shareholders and the Non-Objecting Beneficial Owners ("NOBO"):

* Yellow amended proxy-registered shareholders

* Yellow amended voting instruction form NOBO's

* Letter to shareholders which includes amended and restated notice of Annual and Special Meeting and the amended and restated Management and Information circular

* On-line voting insert registered shareholders

* Proxy return envelope.
12-Aug-2013
(Official Notice)
25-Jul-2013
(C)
Revenue for the quarter decreased to CAD20.5 million (CAD20.8 million). Gross profit also tumbled to CAD324 564 (CAD1.8 million). However, net loss for the period narrowed to CAD20 202 (CAD1.6 million). Furthermore, headline loss per share improved to CAD1cps (loss of CAD5cps).
16-Jul-2013
(Official Notice)
12-Jun-2013
(Official Notice)
Forbes - Manhattan Coal Corp confirm that notice of record and meeting dates was sent to The Canadian Depository for Securities. We advise the following with respect to the upcoming Annual and Special Meeting of Security Holders for the subject issuer:

1. ISIN: CA3451171050 and CUSIP: 345117105

2. Date Fixed for the Meeting: September 11, 2013

3. Record Date for Notice: July 18, 2013

4. Record Date for Voting: July 18, 2013

5. Beneficial Ownership Determination Date: July 18, 2013

6. Classes or Series of Securities that entitle the holder to receive Notice of the Meeting:COMMON

7. Classes or Series of Securities that entitle the holder to vote at the meeting: COMMON

8. Business to be conducted at the meeting: Annual and Special

9. Notice-and-Access: Registered Shareholders: NO; Beneficial Holders: NO; Stratification Level: NOT APPLICABLE

10. Reporting issuer is sending proxy-related materials directly to Non-Objecting Beneficial Owners: YES

11. Issuer paying for delivery to Objecting Beneficial Owners: YES
12-Jun-2013
(Official Notice)
Forbes reported record first quarter production at its Magdalena bituminous and Aviemore anthracite mines (March 1, 2013 to May 31, 2013). Total run of mine production (ROM) for the first quarter of fiscal 2014 was 447 000 tonnes a 23% sequential increase over the 364 000 tonnes produced in the fourth quarter of fiscal 2013, and a 16% increase over the first quarter of fiscal 2013, with the combined operations achieving record production levels in each of April and May 2013. Total sales for the first quarter of fiscal 2014 was 261 000 tonnes a 55% sequential increase from the previous quarter of 168 000 tonnes and a 12% increase over the first quarter of fiscal 2013.



Production Highlights:

*First quarter fiscal 2014 total ROM production of 447 000 tonnes is equal to 32% of the total fiscal 2013 annual ROM production of 1 408 000 tonnes

*Aviemore ROM production was 138 000 tonnes, a 62% increase over the fourth quarter fiscal 2013 production of 85 000 tonnes. Record production was achieved by Aviemore in each of April and May 2013

*Magdalena underground ROM production was 227 000 tonnes for the first quarter of 2014, a 16% increase over fourth quarter fiscal 2013 production of 196 000 tonnes. Record production was achieved by Magdalena underground in each of April and May 2013.

*First quarter fiscal 2014 saleable production was 253 000 tonnes, an 18% increase over fourth quarter fiscal 2013 saleable production of 214 000 tonnes (excluding bought in coal in this quarter). No coal was bought in during the first quarter of fiscal 2014.

*In the first quarter of fiscal 2014, Forbes exported 142 000 tonnes, a 108% increase over the fourth quarter of 2013.



Logistics

In the first quarter of fiscal 2014, the company exported 142 000 tonnes, a 108% increase over the fourth quarter of fiscal 2013, with domestic sales of 119 000 tonnes, an 18% increase over the fourth quarter of fiscal 2013.
30-May-2013
(C)
Revenue for the year fell to CAD68.5 million (CAD104.5 million). Net loss was CAD10.1 million (income of CAD3.5 million). Comprehensive loss for the year was CAD22.7 million (CAD3.3 million). Furthermore, headline loss per share was CAD29cps (earnings of CAD7cps).
22-May-2013
(Official Notice)
Forbes announced that Ryan Bennett, a senior partner of Resource Capital Funds, Forbes' largest shareholder, has stepped down from the Forbes board of directors and will be replaced by his colleague Thomas Quinn Roussel.



Quinn Roussel has been appointed to the board of directors in Mr. Bennett's place. Mr. Roussel is a Principal of Resource Capital Funds, a mining-focused private equity firm based out of Denver, Colorado.
17-May-2013
(Official Notice)
Forbes - Manhattan Coal Corp. 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 Standards for Disclosure for Mineral Projects.
08-Mar-2013
(Official Notice)
Forbes 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 the fourth quarter of 2013 was 363 000 tonnes, a 48% increase over the 246 000 tonnes produced in the third quarter of 2013 and a 20% increase over the fourth quarter of 2012. Total saleable production for the fourth quarter of 2013 was 213 000 tonnes (excluding bought in tonnes), a 40% increase from the previous quarter of 152 000 tonnes and an 8% increase over the fourth quarter of 2012. February 2013 monthly production achieved a record ROM tonnage of 151 000 tonnes, a significant achievement over the 117 000 tonne monthly average of the last 12 months.
15-Feb-2013
(Official Notice)
Forbes advised that it has notified Riversdale Mining Ltd. ("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 (Pty) Ltd., which is the 74% shareholder of Zululand Anthracite Colliery ("ZAC").



Subsequent to the parties entering into the agreement in September 2012, and pending fulfilment of the conditions precedent contained in the agreement, the performance of ZAC deteriorated to a material extent. This, in the opinion of Forbes Coal, constituted a material breach of certain of the provisions of the agreement by RML, entitling Forbes Coal to cancel the agreement, which cancellation took place by written notice from Forbes Coal to RML on February 1, 2013.



On February 10, 2013, RML advised Forbes Coal that:

* RML denied being in breach of the agreement, which would entitle Forbes Coal to cancel the agreement;

* RML did not accept cancellation of the agreement by Forbes Coal; Forbes Coal's actions, in RML's opinion, constituted a repudiation of the agreement by Forbes Coal;

* RML accepts the repudiation of the agreement by Forbes Coal; and

* the agreement is being cancelled at RML's instance.



On February 15, 2013, Forbes Coal advised RML that:

* Forbes Coal denied having repudiated the agreement; and

* Forbes Coal denied that it would be liable to RML for any damages suffered as a result of the cancellation of the agreement.



The parties have attempted to reach agreement on a mutually beneficial way forward in respect of the acquisition, but such discussions have to date been unsuccessful.
18-Jan-2013
(C)
Revenue for the period plunged to CAD10.8 million (2011: CAD31.2 million). Gross loss came in at CAD2.3 million (2011: profit of CAD6.8 million), while loss for the period was CAD5 million (2011: profit of CAD3.5 million). Furthermore, headline loss per share was recorded at CAD14 cps (2011: earnings of CAD10 cps).
14-Dec-2012
(Official Notice)
Forbes - Manhattan Coal Corp 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 labour disruptions lasted 4.5 weeks of the 13 week quarter, from October 17, 2012 - November 16, 2012, representing one third of the working weeks in the quarter. Total saleable production for the third quarter was 152,000 tonnes, a 41% decrease from the previous quarter. The mine operations resumed on November 19, 2012 and have been in full production since.



Third quarter fiscal 2013 production results:

*Aviemore run of mine (ROM) production was 61,000 tonnes, a 53% decrease over second quarter 2013 of 130,000 tonnes

*Aviemore saleable production was 40,000 tonnes, a 49% decrease over second quarter 2013 production of 79,000 tonnes

*Magdalena ROM production was 184,000 tonnes, a 35% decrease over second quarter 2013 production of 283,000 tonnes

*Magdalena saleable production was 112,000 tonnes, a 37% decrease over second quarter 2013 production of 177,000 tonnes

*In addition, Forbes Coal bought in 25,000 tonnes resulting in 177,000 total saleable tonnes for the third quarter 2013

*Total sales were 147,000 tonnes, a 48% decrease over second quarter 2013 sales of 280,000 tonnes



Seasonal Production Break

It is routine for the mine operations to shut down during the holiday season which this year is scheduled to commence on December 22, 2012. The plant will re-open on Thursday, January 3, 2013, while mining operations will resume on Monday, January 7, 2013. The siding will operate throughout the holiday season.



Logistics

In the third quarter of fiscal 2013, the Company exported 73,000 tonnes, with domestic sales of 74,000 tonnes.

16-Nov-2012
(Official Notice)
Forbes - Manhattan Coal Corp. 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 suffered production losses during the labour disruption, which will have an impact on the current quarter and the full year, summarized as follows:

*The run of mine (ROM) loss of production will be approximately 256,000 tonnes for the third quarter; 55% lower than the forecast of 463,000 tonnes;

*The tonnes sold for the third quarter is expected to be approximately 94,000 tonnes, 63% lower than the forecast of 257,000 tonnes.



As a result of the labour disruption, the ROM production target of 1.7 million tonnes for fiscal 2013 (ending February 28, 2013) has been adjusted to 1.3 million tonnes. The ROM revised production estimate for the year is broken down as follows: Aviemore underground 387,000 tonnes; Magdalena underground 658,000 tonnes; and Magdalena opencast 287,000 tonnes. The company also estimates that fourth quarter sales will be lower as a result of weaker coal pricing globally.
02-Nov-2012
(Official Notice)
Forbes announced that it has appointed Craig Wiggill as chairman of its board of directors.
02-Nov-2012
(Official Notice)
Forbes re-iterated today, 2 November 2012, 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 followed an incident yesterday in which two employees were injured and subsequently died. The incident is under investigation by the South African Police Service.



Ahead of yesterday's incident, some 750 employees of the company have been engaged in a protracted, wage-related strike marred by breaches of agreed picketing rules, intimidation and damage to company property.
31-Oct-2012
(Official Notice)
Forbes and Manhattan Coal Corp.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 Forbes Coal mines, there has been a fatality of a Forbes Coal employee, with another employee seriously injured.
18-Oct-2012
(Official Notice)
Forbes 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 and continues to negotiate with the unions in an effort to reach an amicable resolution in the short term.
16-Oct-2012
(Official Notice)
Forbes announced 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' major shareholders.



As a result of these discussions, Forbes' board has been reconstituted, as follows:

* Mr. Stephan Theron (CEO, Executive Director)

* Mr. Stan Bharti (Non-Executive Director)

* Mr. Ryan Bennett (Non-Executive Director)

* Mr. John Dreyer (Non-Executive Director)

* Mr. Craig Wiggill (Non-Executive Director)

* Mr. Bernard Wilson (Non-Executive Director)

* Mr. Mike Price (Non-Executive Director).
16-Oct-2012
(Official Notice)
Strong operations continue to support the financial position of the company, with continued increased production at both Magdalena and Aviemore. At Aviemore in particular, production levels indicate record run of mine (ROM) and saleable tonnes.



Operational highlights include:

*Total sales of bituminous coal and anthracite products for Q2 2013 were 286,185 tonnes, a 22% increase quarter-over-quarter.

*Operating expenses were CAD18.3 million (CAD63.95 per tonne) for Q2 2013, up from CAD16.2 million (CAD68.86 per tonne) in Q1 2013, a decrease of 7% on a per ton basis.

*Total ROM production from all operations for Q2 2013 was 414,551 tonnes, a 7% increase compared to 387,075 tonnes produced in Q1 2013.

*Total saleable coal production for Q2 2013 increased 5% quarter-over-quarter. In addition, Forbes Coal bought in 32,946 tonnes in Q2 2013, compared to 21,873 tonnes in Q1 2013, resulting in total saleable tonnes of 289,529 in Q2 2013, a 9% increase compared to 266,478 total saleable tonnes in Q1 2013.



Full Financial Statements and the Management Discussion and Analysis Report will be available under the Forbes Coal profile at www.sedar.com or at www.forbescoal.com.
16-Oct-2012
(C)
Revenue for the interim period ended 31 August 2012 was CAD44.2 million (CAD54.9 million), while gross profit came in at CAD4.2 million (CAD9.6 million), and headline loss per share was CAD5cps (CAD7cps).



Operational highlights

Strong operations continue to support the financial position of the company, with continued increased production at both Magdalena and Aviemore. At Aviemore in particular, production levels indicate record run of mine (ROM) and saleable tonnes.





25-Sep-2012
(Official Notice)
18-Sep-2012
(Official Notice)
Forbes (the "company") is pleased to announce the election of the slate of directors proposed by the management of the company to serve Forbes until their successors are elected or appointed. The slate of directors elected at the Annual General Meeting held on 17 September 2012 is:

*Stephan Theron

*Stan Bharti

*David Gower

*David Stein

*Grant Davey

*Ryan Bennett

*Bernard Wilson



The company took a number of steps to ensure that the meeting was conducted in a manner that was fair to all shareholders. In particular, the Chairman of the meeting was advised by independent counsel, the deadline for submitting proxies was extended to the start of the meeting and the validity of all proxies were assessed against the same standard, the Proxy Protocol of the Securities Transfer Association of Canada. This was agreed to by Resource Fund Capital V L.P. and Forbes in advance of the vote.



In addition, the board also agreed to formally adopt all of the concerned shareholder's advisory resolutions, including the votes cast by the management proxy holders. These non- binding advisory resolutions are designed to protect all shareholders:

*For the majority of the board of directors to be comprised of independent directors;

*For the independent directors to review the existing compensation of all directors; and

*For Forbes to adopt an individual director election process by shareholder majority at the next Annual General Meeting.



Historically, Forbes has always had independent directors approve compensation paid to all directors. The board had previously undertaken to adopt an individual election process for the next annual meeting. The company believes that formally adopting these resolutions is in the interests of all shareholders and the company had these resolutions approved at the AGM on a simple show of hands.
17-Sep-2012
(Official Notice)
Forbes reported production and sales levels for its Magdalena bituminous and Aviemore anthracite operations for the second quarter of 2013 which runs from June 1st 2012 to August 31st, 2012.



Production

Forbes generated total run of mine (ROM) production for the second quarter of 2013 of 414 551 tonnes, which was a 7% increase compared to the 387 075 tonnes produced in the first quarter of 2013. Total saleable production in the second quarter was 256 583 tonnes, a 5% increase compared to 244 605 saleable tonnes in the first quarter. In addition, Forbes bought in 34 871 tonnes in the second quarter and 21 873 tonnes in the first quarter of 2013, resulting in total saleable tonnes of 291 454 for the first quarter, a 9% increase from 266 478 total saleable tonnes in the first quarter.



ROM production at Magdalena continued to increase with a total of 283 950 bituminous tonnes produced. This included a 20% increase from the prior quarter in underground production with 200 101 tonnes produced in the second quarter of 2013. Opencast production contributed 83 849 tonnes to total bituminous production. ROM production at Aviemore in the second quarter of 2013 was 130 601 tonnes, an increase of 5% compared to the 124 659 tonnes produced in the first quarter of 2013.



Sales

Total sales were 284 196 tonnes in the second quarter of 2013 which represents a 21% quarter over quarter increase, and comprised 231 802 bituminous tonnes and 52 394 anthracite tonnes. In terms of domestic versus export sales, the company exported 178 489 tonnes during the second quarter, representing a significant 54% quarter over quarter increase in export sales. This was primarily as a result of a 92% increase in tonnes shipped through Forbes Coal?s export allocation at the Navitrade Dry Bulk Terminal. Domestic sales were down by 12% in the second quarter with 105 707 tonnes sold.
17-Jul-2012
(C)
Revenue increased to CAD20.8 million compared to CAD19.6 million in the corresponding period of 2011. Gross profit fell to CAD1.8 million (2011: 4.0 million) whilst the net loss attributable to equity holders widened to CAD1.6 million (2011: loss of CAD1.0 million). In addition, headline earnings per share was -5cps (2011: -3cps).



Dividend

No dividend was declared for the quarter.
15-Jun-2012
(Official Notice)
30-May-2012
(C)
Forbes' maiden final results as a listed entity showed revenue of CAD104.5 million. Gross profit amounted to CAD17.4 million. Net income for the period of CAD2.3 million was recorded. In addition, headline earnings per share of CAD7c was reported.



Dividend

No dividend has been declared.
25-Apr-2012
(Official Notice)
Forbes announced its intention to make a Normal Course Issuer Bid ("NCIB"), subject to Toronto Stock Exchange ("exchange") approval, to buy back its common shares through the facilities of the exchange. The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 5% of the issued and outstanding shares of the company. Based on the 34 865 717 shares issued and outstanding as at April 24, 2012, the maximum number of shares to be purchased under the NCIB would be 1 743 285. The actual number of common shares that would be purchased, if any, and the timing of such purchases will be determined by the Company considering market conditions, stock prices, its cash position, and other factors.



Purchases under the NCIB are expected to be permitted to commence on or about April 30, 2012 and will terminate on or about April 29, 2013 or the date upon which the maximum number of common shares have been purchased by Forbes pursuant to the NCIB. There cannot be any assurance as to how many common shares, if any, will ultimately be acquired by the company under the NCIB. Forbes intends that any shares acquired pursuant to the NCIB will be cancelled.



Any purchases made pursuant to the NCIB will be made in accordance with the rules of the exchange and will be made at the market price of the common shares at the time of the acquisition. Forbes will make no purchases of common shares other than open market purchases that may be made during the period that the NCIB is outstanding.
26-Mar-2012
(Official Notice)
Forbes - Manhattan Coal Corpannounce that Mrs. Sarah Williams is joining the company as Vice President Finance, effective April 1, 2012.

19-Mar-2012
(Official Notice)
Forbes announced its fiscal fourth quarter 2012 and fiscal year end production and sales results for its operations at the Slater coal properties in South Africa. Forbes has made significant progress increasing production since acquiring the Slater properties. Total run of mine production increased 38% year-over-year from 933 900 tonnes to 1 290 800 tonnes. Sales have also grown dramatically as a result of a focused marketing strategy. Total sales tonnes increased 104% over fiscal 2011 from 529 200 tonnes to 1 081 800 tonnes. The growth in export sales is particularly noteworthy and directly related to the continued demand from Asian and Indian markets. The company expects this trend to continue. From a strategic perspective, the company sees excellent upside potential at Aviemore and has initiated a scoping level study, with initial exploration drilling expected to begin in the first quarter of fiscal 2013.
01-Mar-2012
(Official Notice)
Forbes Coal has made its final payment for the Slater Coal (Pty) Ltd. ("Slater Coal") acquisition. The company has paid R140 million (CAD18.5 million) to Slater Coal in accordance with the provisions of the amended purchase and sale agreement entered into between Forbes Coal and Slater Coal on August 13, 2010 (the "Agreement") (See press release dated September 20, 2010).
16-Nov-2011
(Official Notice)
Forbes, through its subsidiary Slater Coal (Pty) Ltd, has secured a R230 million (approximately CAD30 million) loan facility from Investec Ltd ("Investec"), an international investment and private banking group. Funds from the loan facility will be used to further the company's expansion plans.



The loan facility consists of a five year senior secured amortising term loan facility of up to R200 million (approximately CAD25 million) and a revolving loan facility of up to ZAR30 million (approximately CAD5 million). Both facilities are flexible in terms of drawdowns and repayments.
18-Oct-2011
(C)
Forbes announced their first set of interim results since listing on the JSE. Thus there are no comparable figures. Revenue for the interim period ended 31 August 2011 was CAD35.2 million, while gross profit came in at CAD5.6million, and net loss per share was CAD7cps.



Operational highlights

Production at Forbes two mines, Aviemore and Magdalena, continues to increase on plan and on budget. Commissioning of the second phase of expansion at Magdalena is on track for the third quarter of 2012 with the new Continuous Miner underground and in the process of being commissioned. Operational highlights include:

* ROM production - ROM production at Aviemore in the second quarter of 2012 was 64 200 tonnes, an increase of 27% compared to the 50 700 tonnes produced in the first quarter of 2012. Fiscal year- to -date ROM production at Aviemore was 114 900 tonnes. Production at Magdalena remained consistent in the second quarter of 2012. ROM production in Q2 2012 was 258 600 tonnes compared to 260 300 tonnes in Q1 2012. Fiscal year- to- date ROM production at Magdalena was 518 900 tonnes. Total ROM production in the second quarter of 2012 was 322 800 tonnes, a 4% improvement compared to the 311 000 tonnes of total ROM production in the first quarter of 2012. Fiscal year- to- date total ROM production was 633 800 tonnes.
13-Sep-2011
(Official Notice)
15-Aug-2011
(C)
Maiden results as a listed company on the JSE showed quarterly revenue of CAD19.6 million. Gross profit amounted to CAD4.2 million. A net attributable loss of CAD1 million was recorded. In addition, a basic and diluted loss of CAD3cps was registered.



Outlook

Forbes continued to increase production at its two mines, Magdalena and Aviemore. The company launched Project Siyathuthuka, the second phase of its ramp-up programme.
10-Aug-2011
(Official Notice)
Forbes announced that Kevern Mattison has joined the company as general manager of its Slater Coal operations, based in Dundee, Kwazulu-Natal, South Africa, effective 1 August 2011.
29-Jul-2011
(Media Comment)
Business Day reported that Forbes began its listing on the JSE on Thursday, 28 July 2011, with a 3% rise on the day, to close at R25.75. Forbes CEO Stephen Thomas commented that "this listing allows our company to further raise our profile with the South African investment community ..." Forbes has its primary listing on Canada's Toronto Stock Exchange.
12-Dec-2017
(X)
Buffalo Coal Corp is a producer of high quality bituminous coal and Anthracite from mines in the Klipriver coalfield, near Dundee, in the KwaZulu-Natal province of South Africa.



Buffalo coal has the ability to organically increase production, at a minimal capital cost, from both its Magdelena and Aviemore mines to capitalize on rapidly increasing demand from both domestic and export markets.The company is continually evaluating acquisition opportunities of thermal and metallurgical coal assets within the region and beyond. The company is headquartered in Toronto, ON, Canada.



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