Universal Coal preparing for recommencement of mining at NCC
Universal Coal plc has begun refurbishment of the coal handling and processing plant (CHPP) at NCC in anticipation of commencement of processing thermal coal in September 2016. NCC will become Universal’s second coal operation following its Kangal coal mine, which recorded ROM coal on excess of 2 million t last financial year.
In an ASX announcement the company indicated that Ingwenya Mineral Processing Ltd has been nominated as the onsite CHPP contractor responsible for the recommissioning and future operation of CHPP requirements at NCC.
Mining operations are expected to start in September 2016 at the Diepspruit shaft area in line with timing of the CHPP recommissioning process.
Weighbridge infrastructure has already been installed in anticipation of coal product flows before the end of the 2016 calendar year.
According to Universal Coal, negotiations with potential off-take partners, including Eskom, are reaching an advanced state with final assessment and selection of nominated off-taker to occur shortly.
Funding of the return to operations of NCC will initially be covered on an equity basis from existing cash reserves. However, discussions continue with existing debt providers for the enlarged Universal Coal Group.
Read the article online at: https://www.worldcoal.com/exploration-and-development/03082016/universal-coal-preparing-for-recommencement-of-mining-at-ncc-2152/
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