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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 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 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...

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