Universal Coal eyes Sept start for NCC

ASX-listed Universal Coal expects to start thermal coal processing at its second coal operation, the New Clydesdale colliery (NCC), in Mpumalanga, in September, despite not cementing a coal supply agreement as yet. The drawn-out negotiations with potential offtake partners, including State-owned power utility Eskom, are reaching an “advanced state” with final assessment and selection of nominated offtakers expected imminently.