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Universal Coal poised for expansion at Kangala Colliery

The Universal Coal acquisition gives the company to access to the Eloff project for approximately R43.5 million. The acquisition of an initial 29% stake in...

Universal Coal reiterates ‘take no action’ request, opens data room for rival bids

South African coal miner Universal Coal reiterated its take no action advisory to its shareholders on Thursday after IchorCoal tabled its takeover offer the...

Universal Coal acquires Exxaro’s Arnot South coal mine

South African coal miner Universal Coal has entered into a sale of prospecting right agreement with South African coal major Exaaro to acquire the...

Universal Coal reports 2017 operational cash flow up by 180%

Universal Coal operating cash flow for the same period is A$29 million, up 180% from 2016. Universal Coal sales and operating cash flow:  Estimated coal sales...

Universal Coal rejects IchorCoal’s unsolicited acquisition intention

ASX-listed, South African coal miner Universal Coal’s major shareholder IchorCoal N.V. has revealed it will make an unsolicited bid for the company. In acknowledgement of...

Universal Coal extends NCC lifespan to 20 years by trebling reserves

South Africa - Universal Coal, the ASX-listed coal company mining the Kangala colliery near Delmas in South Africa, has extended the lifespan of its...

Competition Commission approves CoAL merger with Universal Coal

The Competition Commission of South Africa has unconditionally approved the merger between triple-listed Coal of Africa (CoAL) and South African coal miner Universal Coal. This...

Universal Coal effects drawdown of R285M funding facility

African coal producer Universal Coal has successfully effected the drawdown of R285 million worth of funding, or the Tranch A facility, of the Investec...

Coal of Africa extends offer period for Universal Coal again to late June

The coking coal property owner has notified Universal Coal shareholders that the closing date to accept its offer is now 24 June 2016. This is...

Universal Coal flexes its merger and acquisition muscles

ASX-listed Universal Coal has announced that a subsidiary of the company, North Block Complex has entered a sale and purchase agreement with Exxaro Coal...

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