South Africa-focused Universal Coal plans to restart the New Clydesdale colliery (NCC), in Mpumalanga, as an export-focused coal mine, while negotiations continue to supply State-owned power utility Eskom. CEO Tony Weber on Monday also expressed the ASX-listed company’s disappointment that triple-listed Coal of Africa Limited’s A$126.4-million offer to acquire Universal Coal had lapsed, but said that the firm had a “clear path” forward to commission the colliery in the next few months.
