Wescoal ‘comfortable’ with coal price from Eskom

Coal mining and trading company Wescoal, which sells 80% of its coal to Eskom, is comfortable with the price it receives from South Africa’s State-owned electricity utility. “We think it’s a fair price, both to Wescoal and to Eskom. I understand Eskom’s challenges around managing costs and the costs that flow to the general South African public,” says Wescoal CEO Waheed Sulaiman, whose company has lifted its black ownership to 40%, from 30% last year.