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Coal wage negotiations concluded, ending industrial action

A number of South African coal producers have successfully reached an agreement with the National Union of Mineworkers (NUM) in terms of wages and conditions of service. These mines, represented by the Chamber of Mines...

IchorCoal, Universal Coal major shareholder increases stake further

IchorCoal N.V., a major shareholder in ASX-listed coal junior Universal Coal, has increased its holding of ordinary shares in the company from 18.51% to 29.99%. Universal Coal owns and operates the Kangala colliery near Delmas and...

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 NCC project to 20 years following massive increases to its...