Universal expects output to hit 3Mt in 2017, significantly improves cash flow

July 10, 2017

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ASX-listed coal miner Universal Coal advised on Monday that its Kangala and New Clydesdale Colliery (NCC) mines, in South Africa’s Mpumalanga province, delivered an estimated three-million tons of coal in the 2017 financial year, ended June 30. Kangala, near Delmas, produced an estimated 2.4-million tons and NCC, near Kriel, produced 540 000 t of coal. Combined, the two mines delivered a 47% year-on-year production increase for Universal, which reported output of 2.04-million tons of coal in 2016.

Category: General