Established 1835
RESOURCE STOCKS
✕
AFRICA STORIES

Universal plays strong hand in bid response

South African coal producer, Universal Coal, has released a robust independent valuation of the business and confirmed an asset acquisition of its own in a double blow to a hostile takeover attempt by its largest shareholder, Ichor Coal.

Gareth Tredway
Universal's Kangala colliery has reached steady state production levels of 2.8 million tonnes per annum

Universal's Kangala colliery has reached steady state production levels of 2.8 million tonnes per annum

The news sent the Universal’s share price A2c 15% higher to 19.5c/sh and now well clear of the 16c/sh offer price. Australian-listed Universal engaged KPMG Financial Advisory Services in August to come...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
PARTNER CONTENT

WSP: A New 'Can-do' Attitude to Tailings Management

PARTNER CONTENT

A Breakthrough in Dewatered Tailings Solutions

MOST POPULAR
1
LONDON TO A BRICK

Jacob Stausholm takes on the critics

2
M&A

AngloGold Ashanti bids £1.9B for LSE-listed Centamin

3
MJ COMMENT

Why miners should encourage workers to take coffee breaks

4
BASE METALS

Copper market not bearish - yet

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.

Login