Forbes Manhattan Coal Could Open Higher As Achieves Record Export Sales
Forbes Manhattan (Coal) Corp. (FMC.TO) announced Tuesday an operations update for the second quarter of 2012. The company said export sales rose 110% compared to the first quarter of 2012 and total Aviemore Run of Mine production increased 26% when compared to the first quarter of 2012. President and Chief Executive Officer Stephan Theron reportedly said "Our remarkable increase in export sales is a direct reflection of our ability to manage our throughput corridor and is supported by a strong demand for coal from the export markets."
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