Wescoal optimistic its 2016 success will extend into this year

With a successful 2016 under its belt, JSE-listed Wescoal is optimistic of the year ahead as it leverages a series of milestones and initiatives to support its aspirations for eight-million tons a year of run-of-mine (RoM) and its revenue diversification strategy. During the past year, Wescoal concluded contracts with State-owned power utility Eskom and export coal sale contracts and secured an equity injection through a black economic-empowerment (BEE) deal, which bodes well for further inorganic, acquisitive growth, as well as unlocking organic growth options through the expansion of Elandspruit colliery and operationalising the Khanyisa colliery.