Wescoal meets outstanding condition on prospecting right buy-out

13th February 2015 By: Natasha Odendaal - Creamer Media Senior Deputy Editor

JOHANNESBURG (miningweekly.com) – The outstanding condition precedent on JSE-listed Wescoal’s acquisition of Catwalk Investments’ Sarie Marais prospecting right, in Mpumalanga, has been fulfilled.

The R4.6-million acquisition, which was expected to bolster the life of Wescoal’s Khanyisa Phase 2 operations, had now become unconditional in all respects, the company announced on Friday.