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Buffalo’s future uncertain as it awaits funding proposals for Aviemore adit project

Coal producer Buffalo Coal is awaiting the submission of possible final offers from bidders interested in investing in its Aviemore mine, in KwaZulu-Natal. The mine has 18 months of life-of-mine (LOM) reserves left. To extend the LOM to 15 years, R445-million of additional capital is needed to open up a new adit at the mine.

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