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A smart water solution: Universal Coal’s Kangala awash with joy

The incorporation of a new water solution at Universal Coal’s Kangala colliery has over the last year proven to be a massive success.

CoAL revealed as Universal Coal takeover suitor

South African coal miner Universal Coal on Thursday revealed that Coal of Africa (CoAL) is the rival suitor bidding against IchorCoal. In its takeover offer, CoAL...

TerraCom rings in changes to Universal Coal Board

The management team of Universal Coal - Tony Weber (CEO) and Celeste van Tonder (CFO) will remain with the company for an initial six month period.

Record sales at Universal Coal’s Kangala

South Africa – ASX-listed coal mining junior Universal Coal has announced record sales at its Kangala colliery for the month of February 2015 of...

Universal Coal posts unrestricted cash balance of A$19.6 million Q4, 2017

The following is presented in the quarterly activities report for Universal Coal: Cash-flow quarterly results summary Universal Coal focused on operational cash-flow during the period, with...

Ichorcoal will not extend cash offer for Universal Coal

IchorCoal notified the Australian Stock Exchange last week it will not extend its cash takeover offer for ASX-listed South African coal miner Universal Coal,...

Universal Coal’s bolsters NCC reserves and performance

ASX-listed coal miner Universal Coal has announced a JORC Code compliant update to the ore reserve for the North Block Complex, or NBC, in the Mpumalanga Province, South Africa of 55.5 Mt.

IchorCoal makes its offer to Universal Coal shareholders

Following initial bid delays, IchorCoal on Wednesday provided its offer document in relation to its cash offer for the entire issued and to be...

Universal Coal to raise R244m to fast-track second coal operation

IchorCoal has proposed strategic investment of R244 million (A$24.5 million) which will accelerate growth plans including the development of Universal Coal's second operating asset,...

Universal Coal expects operational start up at NCC in September

This is despite Universal Coal not having yet secured an off take agreement for its product. The company however highlighted in a release on Tuesday...