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Wescoal keen to join Universal Coal acquisition

In September 2018 Universal Coal announced that a consortium of investors led by Ata Resources have submitted an offer to acquire Universal Coal.

Universal delivers despite market downturn

ASX-listed Universal Coal has reported its first complete quarter with EBITDA of AUD$22.5 million and a 4% increase in sales volumes.

Increasing interest in Universal’s coking coal projects

[img:Universal%20lo_0.JPG|The Universal Coal
geological team examining
coking coal samples at the
Berenice-Cygnus project in
]Johannesburg, South Africa --- MININGREVIEW.COM --- 24 January 2012 - Emerging development and production company Universal Coal plc says it is reviewing the appointment of advisors, following informal approaches from third parties for its coking coal projects in South Africa.

Universal Coal acquires third colliery

Universal Coal has completed the acquisition of its third operating colliery. The assets that comprise the North Block Complex was aqcuired from Exxaro.

New Clydesdale Colliery is a silver lining for Boipelo

Since acquiring the New Clydesdale Colliery ASX-listed coal miner Universal Coal has proven that value can still be realised from older assets.

Universal Coal forecasts 29% increase in FY 2019 EBITDA

ASX-listed Universal Coal’s FY2019 EBITDA is expected to be A$93 million - an increase of 29% from last year - an increased sales tonnage to 6 Mtpa.

Lifespan of Universal Coal’s Kangala colliery significantly boosted

Universal Coal has proven its Kangala colliery to be a reliable and consistent supplier to Eskom having improved its coal quality a few years back.

Weak performance for Wescoal in annual result

JSE-listed Wescoal weathered challenging trading conditions but delivered a weak overall performance for the full year ending 31 March 2019.

Coal mining right ownership transfer awarded to Universal Coal subsidiary

Universal Coal subsidiary, North Block Complex, has been granted Section 11 approval by the Department of Mineral Resources for the ownership transfer of Glisa and Eerstelingsfontein mining rights.

Afrimat backs down from proposed acquisition of Universal Coal

ASX-listed Universal Coal has announced the withdrawal of a non-binding indicative offer previously received from Afrimat to purchase it.