Home Tags Kangala


Universal Coal

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.

SBS Water Systems: Delivering Universal Coal’s water storage needs

SBS Water Systems is celebrating 20 years of supplying the mining industry with innovative and cost effective liquid storage solutions.
Universal Coal

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.
Universal Coal

Universal Coal outshines its own performance achievements

ASX-listed coal miner Universal Coal expects to exceed its updated EBITDA guidance released to market in January 2018 by a significant amount thanks to strong operational performance from its two operating coal mines.

Coal of Africa receives 41% acceptance for Universal Coal takeover

Coal of Africa, the triple-listed coal company, has received a 41.3% acceptance for its offer to acquire Universal Coal from the total number of Universal shares on offer. As such, the coal explorer and developer...

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...

Processing plant wage agreement concluded at Universal Coal Kangala colliery

A three-year wage agreement has successfully been concluded for the Universal Coal Kangala colliery coal handling and process plant in South Africa. Universal Coal is an ASX-listed company, focused on South African coal assets. Mineral Resource Development, the contractor...

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 debt financing facility secured in June. The company said on Monday...

Universal Coal secures ownership of NCC & works to double coal production

ASX-listed coal junior Universal Coal has secured Ministerial approval in terms of Section 11 of the MPRDA for the transfer of ownership of the New Clydesdale colliery (NCC) Mining Right from Exxaro. This will allow...

Universal Coal expects 50% increase in quarterly Group EBITDA

ASX-listed coal junior Universal Coal has revealed that Group EBITDA for the current quarterly reporting period is expected to be in excess of 50% higher than for the previous quarter. The expected EBITDA increase, which...