South Africa-focused Buffalo Coal has narrowed its loss R17.6-million in the six months ended June 30, from R54.6-million in the same period last year, with revenue increasing by 7.5% year-on-year to R187.3-million. The company owns an interest in two coal mines in KwaZulu-Natal – Aviemore East anthracite mine and Magdalena bituminous mine, as well as an interest in two future coal mining projects, the Balgray anthracite project, which is an extension of the Aviemore East reserve, and the Aviemore North Adit anthracite project.
