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CoA swoops for Universal Coal

South African coal merger could herald accelerated consolidation in an industry knocked sideways ...

Richard Wachman
Universal's Kangala mine, South Africa

Universal's Kangala mine, South Africa

But it may not be game, set and match as Ichor is Universal Coal’s largest shareholder with 29.9%, so it could seek to block CoAL’s proposed takeover, assuming it can find allies. Against this, CoAL has...

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