Archive for June, 2009
Wescoal acquires Khanyisa mine
Khanyisa Mine is an operating opencast mine situated near Kendal in Mpumalanga with remaining measured in situ coal reserves totalling 4, 5 million tons and further indicated resources of 0, 5 million tons. The mine has 2 operational opencast pits currently extracting 100,000 tons per month with the necessary infrastructure such as offices and access [...]
Trading update
Shareholders are advised that Wescoal is currently finalising its results for the year ended 31 March 2009 and are advised that its earnings per share and headline earnings per share for the year is expected to be between 15% to 30% over that of the corresponding period.