South African bituminous and anthracite coal miner Buffalo Coal is determined to repay all its debt and continue to improve safety standards, while improving overall operating capability to ensure its operations become optimally efficient, says interim CEO Rowan Karstel, who was speaking to Mining Weekly during an exclusive tour of the company’s operations in June. He notes that the company has a R200-million loan with specialist banking and asset management group Investec, which it intends to repay in the coming years. Karstel enthuses that the company made R171.4-million in revenue in the first quarter of this year, compared with R142.5-million during the same period in 2016.
