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Universal Coal declares maiden Brakfontein reserve

23rd January 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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South Africa-focused coal miner Universal Coal has announced a maiden reserve of 9.62-million tonnes at the Northern openpit area of the Brakfontein project, east of the Kangala mine, in Mpumalanga.

The Brakfontein mine is estimated to host a total Joint Ore Reserves Committee-compliant resource of 75.8-million tonnes.

Universal CEO Tony Weber said last week that the declaration of a maiden reserve at Brakfontein represented the next important milestone in the project’s development and a significant step in Universal’s medium-term goal to bring the asset to book.

Water Licence

“Following the recent granting of a mining right, Brakfontein only awaits the receipt of its water licence before proceeding to development. We will now focus our efforts on optimising the feasibility study, including investigating the case for using excess capacity at the nearby Kangala operation,” Weber said.

While a prefeasibility study on the project had been completed, Universal had not made any of the information contained in the study available.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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