Corporate profile
Universal Coal provides investors with exposure to coking coal assets with the potential to develop into projects of regional significance, as well as the prospect of near-term production and cashflow from the company’s well-advance thermal coal assests.
Universal Coal has over 1.93billion tonnes (Gross in-situ before losses) of JORC-compliant coal resources across five projects in South Africa; two highly prospective coking coal assets (Berenice-Cygnus and Donkin-Somerville, covering over 30 000 hectares in emerging coalfields), and three, low-cost, high-margin steam coal projects in the Witbank coalfield (Kangala, Roodekop and Brakfontein).
The company's initial production focus is the Kangala project, which currently hosts 124Mt (in situ before losses) of JORC compliant measured, indicated and inferred resources. A Mining License has been granted and production is planned for 2012 ramping up to 3.0Mt per year ROM production. The company aims to bring all three of its projects into production in the next 3 years ramping up to a combined total of 6.0Mt per year ROM production of mine export and domestic coal.
The company is committed to building a mid-tier coal mining company, creating value for shareholders through advancing these coking coal projects whilst developing low-cost, high-margin thermal coal assets serving both export and domestic markets.
This will be achieved by taking advantage of the management teams’ skills and relationships developed over 26 years of experience. The development of three low-cost, high-margin thermal coal assets (export/domestic) in the Witbank coalfield with contiguous areas under application, together with the development of substantial coking coal projects within South Africa’s emerging coalfields significantly enhances the growth strategy. This was further aided by the successful IPO fundraising of A$20.4 million to develop the current portfolio of projects held by the company.
Universal Coal operates in an environmentally and socially responsible manner, focused on share price while adding value to all stakeholders.
Mission Statement
Vision: To be a premier coal company, optimising value to all stakeholders.
Mission: We acquire, develop and operate quality coal projects maximising returns through optimisation and growth, becoming a partner of choice.
Values: Our values are the foundation on which the company was established and continues to operate, they are:
- Honesty, transparency and respect
- Maintaining excellence in health, safety and environmental standards & social responsibility
- Growing shareholder value
© 2010 Universal Coal Plc