News

 

06 February 2017

Wescoal’s Keaton acquisition (webcast)


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29 September 2016

Mining Mx: Wescoal to boost annual exports to one million tons


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29 September 2016

Business Day: Wescoal’s black shareholders get a bigger stake


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29 September 2016

Mining Weekly : Wescoal lifts black ownership to 59% in ‘transformational milestone’


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22 March 2016

Waheed Sulaiman has been appointed CEO of Wescoal Holdings Limited

He joined the coal mining and trading group in 2015 as Commercial and Strategy Director ...


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08 December 2015

WESCOAL BOLSTERS ITS MANAGEMENT TEAM

The coal mining and trading group Wescoal Holdings Limited has announced the following managerial appointments


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7 October 2015

COAL STRIKE – WESCOAL NOT AFFECTED

Over 30,000 coal workers have gone on strike after NUM and coal companies could not reach agreement over wage increases. NUM is reportedly demanding R1 000 for the lowest category and a 14% increase for artisans, miners and officials. Companies have increased their offer from an 8% increase to 8.5%. Inflation is around 4.6%.


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6 October 2015

Wescoal produces a solid performance

The strategic transition of the business and delivery in a tough environment has been a key focus of the year. I am pleased to report as Chairman of Wescoal for the eighth year that under this umbrella the group has once again delivered satisfactory results“ – Chairman Robinson Ramaite.


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03 September 2015

WESCOAL APPOINTS ACTING CFO

Izak van der Walt has been given the role of acting Chief Financial Officer with immediate effect following the resignation of executive director and Chief Financial Officer Morne du Plessis on 31 August 2015.


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29 July 2015

Elandspruit mine delivers first coal to customers

Wescoal’s ‘flagship operation’, the Elandspruit Mine in Mpumulanga, 10kms West of Middelburg, has delivered its first coal and processed at the Muhanga plant, itself recently commissioned for the coal mining and distribution company. 


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16 July 2015

Wescoal and NUMSA reach 2015/16 wage agreement

Wescoal has successfully negotiated the annual wage agreement with NUMSA announcing a 7% increase in basic salaries effective April 1, 2015.
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9 July 2015

Mining starts at Wescoal's Elandspruit

Wescoal Mining Proprietary Limited, a subsidiary of Wescoal Holdings Limited, has appointed Diesel Power Open Cast Mining Proprietary Limited as the mining contractor for its new Elandspruit Mine in Mpumalanga.
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10 July 2015

Wescoal promises growth – Intellidex

Stock has good value for investors who can stomach a bit of volatility, research house says. There seems to be no relief in sight for low international coal prices and investors are losing patience: they sent the coal mining index (J150) 50% down since the beginning of the year.

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24 June 2015
Wescoal commits to black holding company control to qualify for Eskom business


24 June 2015

UP AND DOWN RESULTS FOR WESCOAL AS GROUP STRIVES FOR SUSTAINABILITY

Coal miner and distributor Wescoal Holdings Limited, performed well in the first nine months and poorly in the last three of its 2015 financial year reporting that revenue was up 46% to R1,67-billion (2014: R1,15-billion), HEPS increased 1.3% to 15.4 cents (2014: 15,0 cents) and operational EBITDA up 5,7% to R107-million (2014: R101,3-million).

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12 May 2015

Wescoal's BEE ambitions get deadline

JOHANNESBURG (miningweekly.com) – Junior coal mining and trading group Wescoal’s ambitious black empowerment plans, which are key for the JSE-listed group’s contracts with power utility Eskom and other export opportunities, are likely to come to head by December 2016.
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12 May 2015

SULAIMAN AT THE HELM OF WESCOAL

Wescoal’s Acting CEO Waheed Sulaiman has stepped up from his role as Executive Director, Commercial & Strategy for Wescoal Holdings Limited to take the helm of the group.
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12 May 2015

WESCOAL MOVES TO MEET GOVT AND BEE REGULATIONS

The executive of Wescoal Holdings, the coal mining and trading group are engaging with shareholders to reassure the market that the process of moving towards a majority black empowerment shareholding has had no detrimental effect on day-to-day business.
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15 April 2015

Green light for flagship mine as Wescoal gets its water use licence

Wescoal Mining, the junior coal miner and supplier has been granted a water use licence for its Elandspruit mine and will commence with project execution imminently according to acting CEO Waheed Sulaiman
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25 November 2014

Wescoal combines mining and trading to carve a special position in the market.

Wescoal Trading has contributed significantly to the strategic development of Wescoal Holdings Limited chalking up 67% of the Group's total turnover according to CEO of the junior miner, Andre Bojé.
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04 November 2014

Wescoal turns in a sparkling performance.

Wescoal Holdings Limited, the junior coal miner and supplier has turned in a sparkling performance announcing an increase of 92.8% in revenue, HEPS is up by 33.3% and operational EBITDA up by 73.4% in the interim results for the six months ending September 30, 2014, in Johannesburg today.
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