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    coal investing

    Universal Coal Colliery Achieves Sales Record in February

    Investing News Network
    Mar. 03, 2015 07:51AM PST
    Industrial Metals

    Mining Weekly reported that Universal Coal plc’s (ASX:UNV) Kangala colliery, located in Mpumalanga, achieved record sales of 172,000 tonnes for February.

    Mining Weekly reported that Universal Coal plc’s (ASX:UNV) Kangala colliery, located in Mpumalanga, achieved record sales of 172,000 tonnes for February.

    As quoted in the market news:

    Power utility Eskom took delivery of 160 000 t and 12 000 t was exported through the Richards Bay Coal Terminal.

    Further, the 2.4-million-tonne-a-year colliery had now also processed two-million tonnes through the coal handling and preparation plant since production started a year before.

    Universal CEO Tony Weber stated:

    With Kangala now hitting its strides, we look forward to delivering continual strong production and sales figures for the year ahead, in parallel with bringing on stream our next operation, the 2.8-million-tonne-a-year New Clydesdale Colliery– (NCC–) Roodekop [complex].

    Click here for the full Mining Weekly report

    coal investingasx:unv
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