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Buffalo Coal Corp secures additional funding and downgrades public listings

South African anthracite miner Buffalo Coal Corp. has secured additional funding from Investec Bank and Resource Capital Fund V L.P. (RCF) to use for working capital and to address its immediate liquidity concerns. Despite the...

Universal Coal reports record Q2 production, sales

Despite having achieved record revenue and production results for the quarter ending 30 June 2015, African coal producer Universal Coal plans to double its half-yearly EBITDA, while also doubling coal output by the end...

Universal Coal secures R525M financing for New Clydesdale development

ASX-listed mid-tier coal mining company Universal Coal today announced that it has secured a senior secured debt finance facility of R525 million from Investec Bank. This will enable the company to fund the final phase...