UNIVERSAL COAL PLC ... Kohle in Südafrika - 500 Beiträge pro Seite

[Elrond]

wird keinen interessieren .....


aber die Produktion beginnt nun + der chart sieht nach Bodenbildung aus




Branche: Rohstoffe
Aktienmarkt: AUSTRALIEN

auch in D handelbar aber wer Interesse hat kauft besser in AUS

Universal Coal

[Elrond]

COKING COAL ASSETS ARE SET TO DEFINE UNIVERSAL COAL IN 2012

Johannesburg, South Africa – (14 December 2011) - Universal Coal plc (ASX: UNV) (“Universal”) says recent developments at its coking coal projects in the north of South Africa will see the company position itself as a coking and thermal coal producer.
Universal’s Chairman, Tony Harwood, told mining journalists at a media briefing in Johannesburg today that after the successful ASX IPO listing of the company in December 2010, based on of a number of attractive near-term thermal coal production assets, the coking coal projects also held by the company were likely to be the catalyst for substantial and increasing investor interest during 2012.

Coking coal projects set to be a game-changer
Universal’s two early-stage coking coal exploration projects in South Africa’s Limpopo province are set to be a major focus for the company in 2012, although its thermal projects are at a more advanced stage of development.
Harwood says that the coking coal project in Limpopo Province in particular, Berenice-Cygnus, with a gross in situ resource of 1.3Bt declared from the first phase of drilling, is already attracting interest. A second phase of drilling, to prove-up the resource further, is scheduled to begin in early 2012. A scoping study is already under way.

Quelle...

[Elrond]

nochmal ein größerer chart ... diesmal in AUD

[MFC500]

Ich habe mir UC erst kürzlich angesehen; zweifelsohne ein vielversprechendes Unternehmen. Allerdings wurden die Produktionsziele bislang nicht erreicht, was sich entsprechend im Kurs niederschlägt. Die Perspektiven sind aber unverändert gut.

aber die Produktion beginnt nun

wie kommst du darauf? Zuvor ist zumindest noch die Finanzierung zu klären.

[Elrond]

Antwort auf Beitrag Nr.: 42.546.388 von MFC500 am 03.01.12 22:05:41

mit "nun" ist 2012 gemeint
für dieses Jahr ist die Produktion in Kinglala geplant mit zunächst 3 Mio to/Jahr ... das sollte auch klappen, nachdem man meines Wissens bereits Q3/Q4 2011 in Produktion gehen wollte
aber wie das bei den Buden nun mal so ist .... Verzögerungen gibt es immer wieder ..

[Elrond]

und ab die Post .......



Universal Coal: worth more than three times current value says broker

Universal Coal (ASX: UNV) has received a buy recommendation from DJ Carmichael, with a target price of $0.83 - which is more than three times the last traded price of $0.24.

The following is an extract from the report:

UNV is an ASX listed, South African focused coal exploration and development company holding interests in three thermal coal projects in the Witbank Coalfield and three coking coal projects in the Limpopo Coalfield, with ownership structures varying from 30% to 70.5% on a staged earn-in basis.

UNV has responded to media speculation surrounding its coking coal assets and advises that it is reviewing the appointment of advisors to assist the company with any formal approach it may receive on these assets.

Our recommendation and price target remain unchanged but the response does indicate the level of interest in the coking coal assets and signals a high level of M & A activity in the sector in the year ahead.


Key points

The Combined Berenice / Cygnus coking coal project resource was vastly increased in 2H2012 to 1.32Bt of which 402.4Mt (30%) is in the measured and indicated categories. Of this amount, and after taking into account geological losses, UNV estimate mineable resources of 479Mt, chiefly composed of a middling product and a smaller percentage of high grade coking coal.

As a result of the resource upgrade, UNV s interest in the project has risen
to 40% from 22%. A Scoping Study was initiated in 2H2012.

As yet UNV has not received a formal approach but the company has now indicated that a number of Indian and Chinese groups have expressed interest in the coking coal assets and UNV has held a number of discussion from interested parties involved in energy and the steel sector.

The size of the coking coal projects is an attraction for groups seeking long-term feed into steel operations. The project is ideally situated with respect to rail and road infrastructure which increases the level of interest further.

We believe the development is positive for UNV and could result in a formal offer which could potentially inject cash into UNV and potentially provide a strategic partner already embedded within the industry to provide off-take or the financial capacity to play a significant role in project development, possibly both.

We await further news and in the meantime, maintain our current buy recommendation and $0.83 valuation, reduced slightly for the reduction in cash since our previous note.

[Elrond]

US Bank Backs Aussie Miner Universal Coal


South Africa-focused miner Universal Coal is set to cheer investors with a double dose of good news.

The ASX-listed company is close to securing a 12 million Australian dollar (US$12.4 million) loan facility with U.S. bank Susquehanna that will give it ammunition to advance its Kangala and Berenice-Cygnus coal assets, a person familiar with the matter told Deal Journal Australia.

The financing agreement, which could be announced as soon as today, comes as Universal Coal finalizes a contract with South Africa’s state-run power generator Eskom to supply thermal coal from its Kangala project, located around 65 kilometers from Johannesburg, the person said.

Universal Coal is among a handful of ASX-listed mining companies racing to develop projects in South Africa to take advantage of Asian and European demand for steelmaking and thermal coal, as well as rising consumption by domestic power plants. In a statement March 12, Zyl said it has begun talks with global mining houses and commodity traders prepared to help fund the development of its Kangwane and Mbila coal projects in South Africa in exchange for offtake rights.

South Africa’s advantages include port and rail infrastructure that is relatively under-utilized compared with rival coal suppliers such as Australia, and a shorter period of time to secure permitting to build a mine. But investors also need to shoulder substantial risk, including rising mining costs and an ongoing debate within South Africa’s ruling African National Congress party about the possible nationalization of the mining industry.

The person said Lititz, Pa.-based Susquehanna approached Universal Coal about financing earlier this year, and the A$12 million facility is due to be drawn down in May.

Under the terms of the deal, Susquehanna will be able to convert the debt into equity in phases when key milestones are hit, starting from 2013. This strike price is at around a 30% premium to Universal Coal’s closing price of 20.5 Australian cents a share on the ASX Thursday before trading was halted in the stock.

The milestones include the finalization of Universal Coal’s agreement to supply around 2.2 million tons of thermal coal to Eskom annually, the turning of the first soil at Kangala and initial coal production from Kangala, the person said.

To reduce the overhang on Universal Coal’s stock, Susquehanna will be limited to converting only a small percentage of the loan into equity every month, and it has agreed not to acquire more than 19.9% of the shares on issue, the person added.

Kangala will cost an estimated A$60 million dollars to develop and has an initial mine life of 8 years. The supply agreement with Eskom, likely to be struck at a fixed price with adjustments for inflation, covers the entire life of the mine.

Universal Coal also owns two adjacent properties to Kangala that could be developed to extend the mine life beyond 8 years, or increase production. Eskom will likely have the right of first refusal to take that additional coal.

Developing Kangala will enable Universal Coal to earn revenue while it advances the larger Berenice-Cygnus project, located in Limpopo province on South Africa’s border with Mozambique.

Berenice-Cygnus has a gross resource of at least 1.3 billion tons of soft coking coal suitable for blending. It is 30 kilometers from a railway siding linked to the ports of Maputo in Mozambique and South Africa’s Richards Bay, the world’s largest coal terminal.

On March 1, Universal Coal began the second phase of a drilling campaign at Berenice-Cygnus aiming to sink 100 holes over a two-month period to define the resource better. The company will increase its interest in Berenice-Cygnus to 50% at the end of the drilling campaign, which will also unlock the right to acquire a further 24.5% from its black empowerment partner.

Universal Coal chairman Tony Harwood said previously that Berenice-Cygnus has the potential to become a mining operation capable of producing between 10 million and 15 million tons of coking coal by 2015.


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