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    coal investing

    Coking Coal Resource at Limpopo Prospect Increases Following Drilling Program

    Investing News Network
    Jul. 29, 2011 02:40PM PST
    Industrial Metals

    Mining Weekly reported that Universal Coal (ASX:UNV) has increased the coal resource at its Limpopo prospect.

    Mining Weekly reported that Universal Coal (ASX:UNV) has increased the coal resource at its Limpopo prospect.

    The market news is quoted as saying:

    The resources include 487-million tons in the inferred and indicated categories that are potentially extractable by opencast mining. This represents a 450% increase over resources estimated previously for this area, which confirms that a significant amount is available for opencast mining.

    To read the full market news, click here.

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