Wescoal Holdings Limited (JSE:WSL)
Wescoal Holdings Limited (JSE:WSL) is a coal-focused mining company incorporating mining, processing, selling and distribution of coal and coal-related products.
Post the 2019 year-end, Wescoal acquired a 50% interest in the empowering Arnot Mine from Exxaro. The group business now has coal resources in excess of 300 million tonnes, three operating mines, four processing plants and minor interests in coal supply chain infrastructure.
Wescoal operates two divisions:
The operating assets of the Mining division now consist of four mines (Arnot, Elandspruit, Vanggatfontein and Khanyisa) and four processing plants located in the Mpumalanga province. Growth projects within the Mining division include Moabsvelden, which is adjacent to Vanggatfontein.
Wescoal Trading is a leading coal distributor in South Africa. It is a strategic distribution company specialising in the supply of coal by road and rail to the point of consumption. Its diverse customers include blue-chip companies, ranging from power generation entities to manufacturers.
The company offers a complete range of coal products on a countrywide basis, which incorporate:
- Sourcing suitable coal product for clients;
- Securing the delivery of product as and when required;
- Technical support for steam generation; and
- Securing markets for new producers such as other junior coal miners