Buffalo Coal Corporation is a coal mining and supply company operating in South Africa. The Company is primarily listed on the TSX Venture Exchange (“TSXV”) and has a secondary listing on the Alternative Exchange (“AltX”) operated by the JSE Limited. BC Corp trades under the symbol “BUF” on the TSXV and “BUC” on the AltX.
Buffalo Coal Corporation owns a 100% interest in Buffalo Coal Dundee (Proprietary) Limited, a South African company with an interest in two coal mines and two coal mining projects in the KwaZulu-Natal province of South Africa (“KZN”). The two coal mines are the Aviemore East anthracite mine (“Aviemore East”), an underground mining operation, and the Magdalena bituminous mine (“Magdalena”), an underground mining operation.
Buffalo Coal Dundee holds a 70% interest in Zinoju Coal Proprietary Limited (“Zinoju”), which holds all the mineral rights relating to the mining properties.
The Company’s total anthracite resources are referred to as the Aviemore Mine and include the anthracite resources currently mined at Aviemore East, along with the anthracite resources to be mined at the Company’s two future coal mining projects, the Balgray anthracite project (“Balgray”) which is an extension of the Aviemore East reserve and the Aviemore North Adit anthracite project (“North Adit”). Aviemore East is located eight kilometers from the town of Dundee in KZN.
In both the Balgray and North Adit projects, the Company will continue to mine the Aviemore resources, albeit from different access points. The Aviemore Mine encompasses approximately 5,513 hectares.
Buffalo Coal Corporation’s properties are strategically located in one of the best developed coal markets in the world and are host to producing mines supported by growth margins and free cash flow.
Buffalo Coal Corporation is an Ontario registered company and is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.
