Universal buys interest in project adjacent to Kangala colliery

July 11, 2017

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South Africa focused coal miner Universal Coal has unveiled plans to expand its Kangala colliery with the acquisition of a 29% interest in the adjacent Eloff project.

The ASX-listed Universal on Wednesday reported that the company, through its 49%-held subsidiary Universal Coal Development IV, had taken a 29% stake in Eloff Mining Company for A$4.35-million.

Category: General