Buffalo Coal Corporation (JSE:BUC)
Buffalo Coal (JSE:BUC) is a coal producer with two mines in Kwa-Zulu Natal, South Africa. The two mines, Magdalena and Aviemore, have substantial coal resources, however the Magdalena mine has been placed under care and maintenenace since 31 October 2018.
Buffalo Coal is currently focusing on the production of anthracite coal from Aviemore only and supplies anthracite coal and calcine into both domestric and export markets.
Buffalo Coal is focused on extending the Aviemore life of mine by mining out as much of the current remaining reserves as possible, whilst putting in place a feasible plan to construct and commission its' medium and long-term projects at Aviemore mine.