Universal Coal attains record ROM coal production from Kangala

Posted by Ibrahim Gram on January 20th, 2021

South African junior miner Universal Coal introduced Monday it had actually attained record run-of-mine (ROM) production of 1.04 million mt from its Kangala Colliery in the Witbank coalfield throughout the April-June quarter. The outcome was 47% higher on the year and had actually boosted 35% on the previous quarter, which Universal credited to a stable state of production after pit reconfiguration in previous quarters. Complete ROM manufacturing for the 12 months ended June 30 was 3.27 million mt, 32% greater than in the 2014-15 financial year. "Having wrapped up the pit reconfiguration, Kangala is now firing on all cylinders, and supplying document production at the same time. We anticipate raising production even more in the year in advance," Universal stated. It included that the nation's completely dry season was halfway over and also climatic problems were anticipated to support ongoing strong manufacturing for the months ahead. Universal claimed in its quarterly report that it had actually likewise attained quarterly sales of 609,120 mt from Kangala, climbing up 20% year on year as well as a 39% rise on the quarter. Export sales for the quarter at 33,351 mt were nearly five times the 5,671 mt sold a year earlier and virtually 6 times greater than the previous quarter's 6,000 mt. Domestic sales for the April-June quarter increased 14% from the very same quarter in 2015 and also jumped 34% from the January-March period to 575,769 mt. For the full year running from July 2015-June 2016, complete sales were 2.04 million mt, climbing 21% on-year, with export sales through at 78,000 mt, up 47%. Full-year residential coal sales amounted to 1.96 million mt, 20% higher on the year. dtpmp scale inhibitor said it was set to start appointing of the below ground procedure at its 2nd operation, the New Clydesdale Colliery, with very first coal production expected by the end of the July-September quarter. The colliery is readied to produce 2 million mt/year of coal at full capacity. "At New Clydesdale Colliery, we remain to engage with Eskom pertaining to the Coal Sales Contract as well as feasible short-term supply chances. With the recent recovery in global thermal coal prices, we have chosen to begin commissioning the below ground mine, further operational details will be released to the marketplace by July 31, 2016 in this regard," the miner claimed.

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Ibrahim Gram

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Ibrahim Gram
Joined: January 20th, 2021
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