Buffalo Coal Corp.
FBMCF
Other OTC0.02
USD
- -
- -
Return %
Stock
S&P500
1Y
58.95
26.84
3Y
58.95
77.03
5Y
58.95
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Emma Oosthuizen
- Sector
- Energy
- Industry
- Coal
- Address
- Greytown Road Dundee South Africa 3000
- IPO Date
- Aug 24, 2018
- Website
- buffalocoal.co.za
- Similar Companies
- Business
- Buffalo Coal Corp Buffalo Coal Corp (TSXV:BUF; JSE:BUC; OTC:FBMCF) operates as a coal mining and supply company focused on thermal and metallurgical coal production in South Africa; through its wholly owned subsidiary Buffalo Coal Dundee Proprietary Limited, which holds a 70% interest in Zinoju Coal Proprietary Limited, the company controls mineral rights to two operating underground mines—the Aviemore East anthracite mine located eight kilometers from Dundee in KwaZulu-Natal and the Magdalena bituminous mine situated 24 kilometers north of Dundee—and two development projects, the Balgray anthracite project as an extension of Aviemore East and the Aviemore North Adit anthracite project, both aimed at extending the life of the Aviemore reserves spanning approximately 5,513 hectares; raw coal from Aviemore East feeds the Coalfields washing facility 14 kilometers away in Dundee, while Magdalena supplies its on-site washing plant, with products including bituminous coal, anthracite, and calcine supplied to domestic and international markets including Canada. Incorporated in Ontario, Canada on October 17, 2006 as an Ontario-registered reporting issuer in British Columbia, Alberta, and Ontario, with operational headquarters at Greytown Road Industrial Area in Dundee, KwaZulu-Natal, the company maintains processing plants at Magdalena and Coalfields alongside a rail siding at the latter site for logistics in one of the world's premier coal markets. In recent developments, Zinoju Coal received a 30-year mining right (KZN30/5/1/2/2/10083MR) on September 22, 2020 covering 1,728 hectares for Aviemore North Adit; the company executed a tri-partite agreement in October 2022 with Investec Bank Limited and Belvedere Resources DMCC involving assignment of a USD 27 million convertible debt originally from Resource Capital Fund V L.P.; completed a rights offering in December 2022 raising approximately CDN$3.15 million primarily to settle Investec indebtedness and support working capital, resulting in Belvedere owning 90% of shares; and implemented a going-private transaction via share consolidation in April 2023, leading to delisting from TSXV on April 21 and JSE AltX on April 28, with subsequent final discharge of the Investec loan facility.