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Universal Coal Completes Donkin Farm-In Agreement
Aug. 31, 2011 01:28PM PST
Industrial Metals InvestingPlatts reported that Universal Coal (ASX:UNV) will acquire half of the Donkin property in South Africa over the next three years.
Platts reported that Universal Coal (ASX:UNV) will acquire half of the Donkin property in South Africa over the next three years.
The market news is quoted as saying:
The area has a gross historic JORC inferred resource of 42.4 million mt covering 1,178 hectares, with a coal zone of up to 20 m thick and 20-70 m deep, according to historical data.