Afrimat pulls plug on takeover of Universal Coal ...
Jul 03, 2019· AFRIMAT, the Johannesburglisted industrial minerals company, has pulled the plug on a proposed takeover bid for Universal Coal citing the expense of the exercise.. This is the second time Universal Coal, which is listed in Australia but operates in South Africa''s Mpumalanga province, has been subject to a takeover only for the suitor to fail to make a final, binding offer.