January 16, 2017 11:05 PM ET

Oil, Gas and Consumable Fuels

Company Overview of U&D Coal Limited

Company Overview

U&D Coal Limited engages in the acquisition, exploration, development, and operation of coal mines in Australia. The company focuses on the exploration of hard-coking, thermal, and PCI coal projects. It holds a portfolio of 27 granted exploration tenements covering approximately 6,000 square kilometers in the Bowen and Galilee Basins, Queensland. Its flagship projects include the Meteor Downs South and Broughton projects located in Queensland. The company was founded in 2011 and is headquartered in Eight Mile Plains, Australia. U&D Coal Limited is a subsidiary of Australia Kunqian International Energy Co., Pty Ltd.

37 Brandl Street

Level 1

Eight Mile Plains, QLD 4113

Australia

Founded in 2011

Phone:

61 7 3188 9101

Fax:

61 7 3188 9102

Key Executives for U&D Coal Limited

Acting Chairperson and Chief Executive Officer
Age: 32
Chief Financial Officer and Company Secretary
Age: 57
General Manager of Resource Development
Age: 40
Compensation as of Fiscal Year 2016.

U&D Coal Limited Key Developments

U&D Coal Limited Auditor Raises 'Going Concern' Doubt

U&D Coal Limited filed its Annual on Apr 29, 2016 for the period ending Jun 30, 2015. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

U&D Coal Delisted From ASX

U&D Coal Limited has been delisted from ASX (Australian Securities Exchange), effective June 17, 2015 at the ASX discretion.

U&D Coal Limited Announces Consolidated Earnings Results for the Half Year Ended December 31, 2014

U&D Coal Limited announced consolidated earnings results for the half year ended December 31, 2014. For the period, the company reported revenue from continuing operations of AUD 261,441 against AUD 538,759 a year ago. Loss before income tax was AUD 6,677,389 against AUD 3,880,839 a year ago. Loss for the half year was AUD 6,677,389 against AUD 3,880,839 a year ago. Basic and diluted loss per share was 0.6 cents. Net cash outflow from operating activities was AUD 2,888,571 against AUD 1,846,770 a year ago. Payments for property, plant and equipment was AUD 56,265 against AUD 70,435 a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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