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Wescoal to start mining at Intibane colliery

15th April 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) –JSE-listed Wescoal Mining is set to start mining at its Intibane colliery following the receipt of all necessary approvals, including a water-use license.

Work on mine establishment had already started, despite protracted delays in the issuance of approvals, with first coal at the Witbank coalfield-based operation expected to be produced by June.

Intibane had an estimated 1.88-million tons of coal and a strip ratio of 1.5:1, which would substantially reduce the cost of production, as strip ratios at the company’s Khanyisa colliery were currently at 4:1.

Despite the delay in the commissioning of Intibane, management was satisfied with Wescoal’s production for 2013, having produced 1.3-million tons of coal for the period ended March 31.

Wescoal’s trading arm Chandler Coal, meanwhile, sold 413 165 t of coal for the period.

Results for the year ended March 31, 2013, were expected to be released by the middle of June.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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