Ubuntu Colliery bags coal supply deal with Eskom

ASX-listed coal miner, Universal Coal, has executed a Coal Supply Agreement with Eskom for 100% of its production from its fourth operation Ubuntu colliery.

Under the agreement, the Ubuntu Colliery will deliver 1.2 Mtpa of thermal coal to Eskom with first coal delivery set for November 2019, with build-up of production over a short six-month period.