UNIVERSAL Coal has secured a five-year, 650,000 tonne per annum sales export contract with a global commodities trader, providing additional security for the New Clydesdale Colliery debt facility and enabling the start of open pit operations at the South African mine.
The open pit operation represents the second phase of the planned 3.3 million tonne per annum run-of-mine development, following the beginning of underground operations in September 2016. The underground...
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