Universal Coal brings SA mine start-up forward
South Africa-focused Universal Coal has pushed forward the development of its A$46.8-million Kangala thermal coal operation by two months, with production now slated for February 2014.
Kangala would be Universal’s first operational mine, and some two-million tonnes a year of domestic coal sales to energy major Eskom had already been secured, with the remainder of the product shipped through the Richards Bay Coal Terminal.
The mine would deliver some 2.1-million tonnes a year of thermal coal over an initial mine life of eight years, while an additional resource base potentially allowed Universal to expand this period to 20 years.
There was also the added opportunity to further increase the resource base and extend the mine life through potential joint ventures over neighbouring resources.
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