Wescoal on track to hit 2022 production target after Moabsvelden bump
Flagship project lifts group profit in 2022 half-year, putting it on track for full-year production of 8-million tonnes
10 December 2021 - 12:40
Junior coal miner Wescoal, which counts Eskom as its main customer, returned to profit in its half-year to end-September, on track to reach its 2022 production target after getting a bump from its flagship Moabsvelden project in Mpumalanga.
Wescoal invested R228m in Moabsvelden, whose contribution helped Wescoal grow revenue 24% to R2.6bn to end-September, while profit jumped to R81m, from R11m previously...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.