July 31, 2012
Wescoal concludes R180 million deal with Xstrata
Wescoal is pleased to announce a four step transaction which will in the medium term increase its life of mine by 15 years. Wescoal currently has a mining right over Vlaklaagte in partnership with Proudafrique. Wescoal will acquire the remaining share (40%) of the prospecting right from Proudafrique. And will sell its Vlaklaagte mining right [...]June 21, 2012
WESCOAL FIRED UP BY SOUND FULL YEAR RESULTS
• Revenue up 13,1% to R630,8 million for the full year • Operating profit of R26 million, up from negative R21,4 million • HEPS: 11.4 cents ( 2011: - 8.1 cents) • Cash reserves: R 20 million Johannesburg, 20 June 2012 – Wescoal Holdings Limited (JSE: WSL) today delivered a sound set of [...]May 11, 2012
Wescoal hosts a successful golf day coupled with a stunning charity angle
On 9 March 2012 Wescoal hosted a golf day at the Middleburg Golf Club in which 20 group clients participated. The day was filled with golf, fun and a massive drive towards charity. Flowing from a number of generous donations Wescoal has committed to donate R40 000 to Balmoral Primary School which looks after under [...]March 18, 2012
Wescoal receives water licenses
Wescoal is pleased to announce the granting, by the Department of Water Affairs (“DWA”) of a water use licence at Khanyisa Colliery in respect of: • Taking water from a water resource; • Storing water; • Disposing of water; and • Removing, discharging and disposing of water found underground. The licence is governed by [...]November 28, 2011
Wescoal acquires Pegasus Project
Johannesburg, 28 November 2011 – Wescoal Holdings Limited (JSE: WSL) today announced an offer to acquire from HSTI 17 Proprietary Limited (“HSTI”), 51% of the issued ordinary share capital of EZIM and 51% of EZIM’s liabilities, which as has been accepted by HSTI. EZIM owns the prospecting right in relation to Mineral Area 2 [...]November 24, 2011
Wescoal fuelled by solid interim results
• Revenue up 1% to R337,1 million for the half year • Operating profits up by 2% • Cash reserves up by 57% to R31.5 million Johannesburg, 24 November 2011 – Despite challenging market conditions and operating in a highly competitive landscape, Wescoal Holdings Limited (JSE: WSL) today delivered a sound set of interim [...]November 4, 2011
Court papers – BSM Mining:
Notice of motion – PDF 48 KB Affidavit – PDF 458 KB Annexes – PDF 2.89 MB
August 3, 2011
Sutha abandons action against Wescoal
Wescoal Holdings Limited (“Wescoal”), the listed coal mining company involved in the mining and trading of coal, announced today that the North Gauteng High Court in Pretoria yesterday granted the application by Wescoal to set aside the Sutha Civils (Pty) Ltd (“Sutha”), application for the liquidation of the Wescoal subsidiary, Wescoal Mining (Pty) Ltd. Andre [...]
July 28, 2011
Dispute with Sutha Civils (Pty) Ltd (“Sutha”) – Court action (CEO’s comments)
To:Date: All Shareholders and Interested Parties28 July 2011 I refer you to the SENS announcement dated 14 March 2011 and the various articles that appeared in the media over this period of time. On 15 March 2011 Wescoal launched an urgent application with the Johannesburg High Court to interdict Sutha from making further derogatory and [...]
July 20, 2011
Download the urgent application to set aside application to liquidate a subsidiary
Download the urgent application to set aside application to liquidate a subsidiary – PDF 649KB