Mr. Stephan Theron reports
FORBES COAL REPORTS LABOUR DISRUPTION
Commencing at the beginning of the day shift on Oct. 17, 2012, some of the employees at Forbes and Manhattan Coal Corp.'s Magdalena and Aviemore underground mines have commenced peaceful strike action. The strike action relates to wage demands made by employees and their union. Forbes Coal management has made an offer to the employees and continues to negotiate with the unions in an effort to reach an amicable resolution in the short term.
Commenting on the action by some of the employees, Stephan Theron, president and chief executive officer of Forbes Coal, said: "The situation at the operations is under control and being monitored. The Magdalena opencast mine continues to operate as well as two of the underground sections at Magdalena, along with the coal preparation plant."
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