Universal Coal hit record ROM production in 3Q16

With record production at Kangala coal mine and the start up of production a Universal’s NCC operation, the company mined 1.1 million t of ROM coal, a year-on-year increase of 61%.

Total coal sales from Kanagala were up 9% at 0.57 million t with the first sales from NCC also coming in the quarter.

“We are delighted to now have our second operation running and contributing to production,” said Universal’s CEO, Tony Weber. “We expect to ramp up NCC to Phase 1 capacity of 0.9 million tpy ROM production before the completion of the 2017 financial year.”

Meanwhile, Kangala is on track to maintain last year’s 3.2 million t of production, Weber continued. Kangala produced 1.08 million t of ROM coal in 3Q16.

“With NCC on stream now providing us two legs to stand on, so to speak, Universal is in an excellent position to continue growing, supported by multiple cashflow streams at a time of improving and robust market for our products,” Weber concluded.

Read the article online at: https://www.worldcoal.com/mining/01112016/universal-coal-hit-record-rom-production-in-3q16/