Universal signs coal supply deal with Eskom

Coal miner Universal Coal has signed a coal supply agreement with South African State-owned electricity provider Eskom that will enable openpit production from the New Clydesdale colliery (NCC), near Middelburg, in Mpumalanga, to start. Universal will supply Eskom with 1.2-million tonnes a year of coal from the NCC, over a period of seven years. The first coal will be delivered in the second quarter of the company's 2017 financial year.