Universal forecasts higher outputs

10th October 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia


Font size: - +

PERTH ( – South Africa-focused coal miner Universal Coal has forecast a 29% increase in 2019 earnings before interest, taxes, depreciation and amortisation (Ebitda), on the back of a 28% increase in sales tonnage and based on the current international coal pricing and foreign exchange forecasts.

Ebitda for the 2019 financial year is expected to reach A$93-million, while sales tonnes would increased to six-million tonnes a year, with increased tonnage from the New Clydesdale Colliery and the inclusion of the North Block Complex from January.

Universal is in the process of acquiring the North Block Complex from South African producer Exxaro, with the deal likely to be settled in the second quarter of 2019.

Meanwhile, Universal on Wednesday said that the company has an estimated A$12-million of capital requirements for the year, including a combination of maintenance capital expenditure and selected mine improvement works for the current operations.

Edited by Creamer Media Reporter


The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?