JOHANNESBURG (miningweekly.com) – JSE-listed Wescoal on Tuesday said the integration of Keaton was progressing well.
Key technical and mining skills have been retained successfully and operational and financial performance, to date, from the Keaton business units are in line with expectations.
“Vanggatfontein’s operations are stable and integration into Wescoal is progressing well. This growth also brings additional revenue certainty and diversification through the production of a range of coal qualities, mining and washing and processing options, customer and sales strategies across domestic and export markets,
as well as diversification and optionality in contracts and offtake negotiations.”
Project development work at Moabsvelden is also progressing and is on track to be completed in January 2018.
Elandspruit is operating at steady state with an increased run-of-mine (RoM) production target of 2.5-million tonnes a year.
Overall, Wescoal is on track to meet its eight-million-tonne-a-year RoM production target in the short to medium term.
Meanwhile, Wescoal Trading continues to do well despite challenging economic conditions. This is mainly on the back of a better-quality debtors book, focus on customer maintenance, new procurement initiatives and reduced fixed costs.”