WESCOAL ON TRACK AND STEAMING AHEAD
24th January 2018, Johannesburg -- Wescoal, Holdings Limited, the junior coal miner, trader and supplier today issued a voluntary strategic update on the integration of Keaton Energy assets, operational and financial matters pertaining to the enlarged organisation and key changes to the management and Board. Keaton Acquisition and Integration Update Wescoal acquired certain Keaton assets mid-way through 2017 to further diversify the Group’s asset base, realise economies of scale and synergies, expand optionality in contracts and off-take negotiations, as well as strengthen the balance sheet and free cash generation. The enlarged business now has coal resources well in excess of 300 million tonnes, four operating mines, three processing plants and significant interests in coal supply chain infrastructure. This translates into additional revenue certainty and diversification through production of a range of coal qualities, mining and washing/processing options, customer and sales s