News - Archives

31 October 2014

Wescoal secures funding for Elandspruit Colliery.

Friday, 31 October 2014 - Wescoal, the listed coal mining company involved in the mining and trading of coal has secured funding for the Elandspruit Colliery from Investec Bank Limited.
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24 June 2014

Wescoal hits R1 billion in revenue and aims to commission new mine.

Wescoal Holdings Limited (JSE: WSL) delivered a solid set of financial results for the year ending March 2014 as the business experienced a revenue surge of 69, 5% to R1, 1 billion.
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04 November 2013

Wescoal reports a 66.0% earnings increase, and remains confident about future operations.

Johannesburg, 4 November 2013: Wescoal Holdings Limited (JSE: WSL), junior coal miner and supplier, results for the six months ending 20 September 2013 came in solid as the group realised total revenue inflows of R465,7 million from across all operations, a 32.5.% revenue increase on the same interim period last year.
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24 June 2013

Wescoal's acquisition of MacPhail will add muscle to the miner's coal supply and sales ability

Wescoal CEO, Andre Boje today announced that Wescoal has finalised the agreements for the acquisition of coal distributor, MacPhail Distributors Proprietary Limited for R79 million. Read more


June 27, 2013

Watch Wescoal CEO talk about the full year results 2013, costs and the coal market

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24 June 2013

WESCOAL DECLARES MAIDEN DIVIDEND

Johannesburg, 24 June 2013 – Wescoal Holdings Limited (JSE: WSL) delivered strong results for the year ended 31 March 2013, despite challenging market conditions in the mining sector. Read more


July 31, 2012

Wescoal concludes R180 million deal with Xstrata

Wescoal is pleased to announce a four step transaction which will in the medium term increase its life of mine by 15 years. Wescoal currently has a mining right over Vlaklaagte in partnership with Proudafrique. Wescoal will acquire the remaining share (40%) of the prospecting right from Proudafrique. And will sell its Vlaklaagte mining right Read more


June 21, 2012

WESCOAL FIRED UP BY SOUND FULL YEAR RESULTS

• Revenue up 13,1% to R630,8 million for the full year • Operating profit of R26 million, up from negative R21,4 million • HEPS: 11.4 cents ( 2011: - 8.1 cents) • Cash reserves: R 20 million Johannesburg, 20 June 2012 – Wescoal Holdings Limited (JSE: WSL) today delivered a sound set of Read more
May 11, 2012

Wescoal hosts a successful golf day coupled with a stunning charity angle

On 9 March 2012 Wescoal hosted a golf day at the Middleburg Golf Club in which 20 group clients participated. The day was filled with golf, fun and a massive drive towards charity. Flowing from a number of generous donations Wescoal has committed to donate R40 000 to Balmoral Primary School which looks after under Read more

March 18, 2012

Wescoal receives water licenses

Wescoal is pleased to announce the granting, by the Department of Water Affairs (“DWA”) of a water use licence at Khanyisa Colliery in respect of: • Taking water from a water resource; • Storing water; • Disposing of water; and • Removing, discharging and disposing of water found underground. The licence is governed by Read more


November 28, 2011

Wescoal acquires Pegasus Project

Johannesburg, 28 November 2011 – Wescoal Holdings Limited (JSE: WSL) today announced an offer to acquire from HSTI 17 Proprietary Limited (“HSTI”), 51% of the issued ordinary share capital of EZIM and 51% of EZIM’s liabilities, which as has been accepted by HSTI. EZIM owns the prospecting right in relation to Mineral Area 2 Read more
November 24, 2011

Wescoal fuelled by solid interim results

• Revenue up 1% to R337,1 million for the half year • Operating profits up by 2% • Cash reserves up by 57% to R31.5 million Johannesburg, 24 November 2011 – Despite challenging market conditions and operating in a highly competitive landscape, Wescoal Holdings Limited (JSE: WSL) today delivered a sound set of interim Read more
November 4, 2011

Court papers – BSM Mining:

Notice of motion – PDF 48 KB Affidavit – PDF 458 KB Annexes – PDF 2.89 MB Read more


August 3, 2011

Sutha abandons action against Wescoal

Wescoal Holdings Limited (“Wescoal”), the listed coal mining company involved in the mining and trading of coal, announced today that the North Gauteng High Court in Pretoria yesterday granted the application by Wescoal to set aside the Sutha Civils (Pty) Ltd (“Sutha”), application for the liquidation of the Wescoal subsidiary, Wescoal Mining (Pty) Ltd. Andre Read more


July 28, 2011

Dispute with Sutha Civils (Pty) Ltd (“Sutha”) – Court action (CEO’s comments)

To:Date: All Shareholders and Interested Parties28 July 2011 I refer you to the SENS announcement dated 14 March 2011 and the various articles that appeared in the media over this period of time. On 15 March 2011 Wescoal launched an urgent application with the Johannesburg High Court to interdict Sutha from making further derogatory and

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July 20, 2011

Download the urgent application to set aside application to liquidate a subsidiary

Download the urgent application to set aside application to liquidate a subsidiary – PDF 649KB Read more


July 8, 2011

Wescoal opposes legal action to liquidate a subsidiary

Wescoal Holdings Limited (“Wescoal”), the listed coal mining company involved in the mining and trading of coal, today announced, through a SENS statement, that it would oppose the legal actions launched against a subsidiary, Wescoal Mining, by Sutha Civils (Pty) Ltd (“Sutha”), a former disgruntled contractor at Wescoal’s Khanyisa Colliery. Andre Bojé, CEO of Wescoal Read more


June 30, 2011

Wescoal increases revenue despite tough trading conditions

Introduction and financial review Wescoal, the listed coal mining company involved in the mining and trading of coal, today announced their final results for the year ended 31 March 2011. Andre Bojé, CEO of Wescoal said, “Despite harsh trading conditions, Wescoal’s revenue increased by 58% to R557.6 million (2010: R353.9 million).” Bojé is pleased to Read more


March 14, 2011

Wescoal denies Sutha’s claims

Wescoal, the listed coal mining company involved in the mining and trading of coal, wishes to inform the market that a dispute has arisen with Sutha Civils (“Sutha”), one of the contractors engaged to mine at Khanyisa Colliery. Within five months of Wescoal appointing Sutha to mining the West Pit at Khanyisa Colliery, Wescoal management Read more

 

 

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