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coal investing

Coking Coal Resource at Limpopo Prospect Increases Following Drilling Program

Written by Investing News Network
|
Jul. 29, 2011 02:40PM PST

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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