Archive for June, 2008
Results for the year ended 31 March 2008
The group posted excellent results for the financial year ended 31 March 2008, proving that strategies implemented have continued to pay dividends throughout the year under review.
Trading statement - June 2008
Shareholders are advised that Wescoal is currently finalising its results for the year ended 31 March 2008 and are advised that its earnings per share for the year is expected to be between 10.9 and 11.4 cents per share compared to earnings per share of 2.3 cents for the twelve months ended 31 March 2007.
Wescoal’s mining unit acquires 60% of newly formed company to transfer new order prospecting rights.
Wescoal Mining paid an initial share capital of R60 for the stake in the new company, meant to transfer the prospecting rights granted by the Department of Minerals and Energy from Proudafrique and other individual owners.