Universal Coal to boost output by 50% in 2018

September 26, 2017

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ASX-listed miner Universal Coal expects its output to increase from 3-million tonnes in 2017 to to 4.5-million tonnes in 2018, as its Kangala and New Clydesdale mines, in South Africa, reach steady-state production. Earnings before interest, taxes, depreciation and amortisation are also expected to increase by about 80% in 2018, to A$45-million, based on current international coal prices and foreign exchange forecasts.

Category: General