Universal posts strong quarter amid takeover

South Africa-focused coal miner Universal Coal has reported an 11% increase in run-of-mine (ROM) production for the March quarter, and a 16% increase is sales volumes, compared with the previous corresponding period.

The miner on Wednesday reported that quarterly ROM production reached three-million tonnes, up from the 2.7-million tonnes produced in the previous quarter, while total coal sales increased from 1.7-million tonnes to 1.9-million tonnes.