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Wescoal confident of new deposits.
(From Business Day (South Africa))
Byline: Charlotte Mathews
Wescoal confident of new deposits Resources Editor COAL trader and miner Wescoal, which listed on the JSE's Alt-X board in July, was confident it would succeed in securing new coal deposits, management said yesterday.
Its turnover for the six months to September was hit by lower coal sales because of warm winter weather and because the strength of the rand compared with last year made it impossible to export. Last year, the value of its exports was R18m.
But there were no seasonal effects in the second half of its financial year and management said it was confident it could …
