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Wescoal Holdings Ltd (WSLJ.J)

WSLJ.J on Johannesburg Stock Exchange

195.00ZAc
5:36am EDT
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2.00 (+1.04%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Wescoal says Buildmax's unit terminates mining services agreement
Monday, 7 Aug 2017 08:55am EDT 

Aug 7 (Reuters) - Wescoal Holdings Ltd ::DIESELPOWER HAS TERMINATED MINING SERVICES AGREEMENT IN RESPECT OF WESCOAL'S ELANDSPRUIT COLLIERY.DIESELPOWER WILL BE DEMOBILISED AND OFF-SITE BY END OF OCTOBER 2017.IS IN PROCESS OF FINALISING A SUITABLE MINING CONTRACTOR TO FOLLOW ON AT ITS ELANDSPRUIT COLLIERY.  Full Article

Wescoal says appoints Izak Van Der Walt as CFO‍​
Monday, 7 Aug 2017 07:58am EDT 

Aug 7 (Reuters) - Wescoal Holdings Ltd ‍​:‍Appointed Izak Van Der Walt as chief financial officer and executive director effective 01 September 2017​.Izak Van Der Walt to succeed bothwell mazarura who will step down as cfo and executive director on 31 august 2017.  Full Article

Keaton Energy says received unconditional approval for Wescoal deal
Monday, 12 Jun 2017 10:30am EDT 

June 12 (Reuters) - Keaton Energy Holdings Ltd ::Unconditional approval by competition commission for Wescoal deal was received on 6 June 2017.  Full Article

Wescoal Holdings says consents on production from Khanyisa Colliery have been granted
Wednesday, 24 May 2017 08:39am EDT 

May 24 (Reuters) - Wescoal Holdings Ltd ::Consents on production from Khanyisa Colliery have been granted.Production from enlarged khanyisa complex will ramp up to 100,000 rom tons per month over next six months.Mining activities have commenced in Khanyisa "Catwalk" as well as adjacent Khanyisa "Triangle" areas near Ogies in Mpumalanga.  Full Article

Wescoal names Thivha Tshithavhane as CEO of Wescoal Mining
Tuesday, 4 Apr 2017 06:36am EDT 

Wescoal Holdings Ltd : Has appointed Thivha Tshithavhane as chief executive officer of its subsidiary Wescoal Mining with effect from 1st April 2017 .Outgoing wescoal mining ceo Dutch Botes will continue with company heading up identified growth projects.  Full Article

Keaton Energy reports headline loss of 9.10 cents after BEE deal
Thursday, 23 Feb 2017 03:00am EST 

Keaton Energy Holdings Ltd :Diluted headline loss per Wescoal share 0f 9.10 cents versus HEPS before bee deal of 27.81 cents.  Full Article

BRIEF-Keaton Energy says Wescoal made 525.59 mln rand offer for co
Thursday, 2 Feb 2017 10:31am EST 

Keaton Energy Holdings Ltd : Firm intention offer by Wescoal to acquire all issued shares of Keaton Energy . Wescoal has made an offer to Keaton Energy to acquire 100 pct of issued ordinary share capital of Keaton Energy . Consideration payable by Wescoal to Keaton will be 1.80 rand per Keaton Energy share, representing approximately 525.59 mln rand . Consideration will be settled partly in cash representing approximately 350.39 mln rand and remainder will be settled in Wescoal shares . Says share component will be settled by Wescoal in ratio of 0.30 Wescoal shares for every 1.00 Keaton Energy share . Wescoal has sufficient authorised but unissued Wescoal shares to settle share component . On completion of scheme, Keaton Energy will become a wholly- owned subsidiary of Wescoal .Cash component will be funded by Wescoal by a combination of cash , debt and cash raised by Wescoal through its BEE transaction in December 2016.  Full Article

Keaton Energy says Wescoal made 525.59 mln offer for co
Thursday, 2 Feb 2017 10:31am EST 

Keaton Energy Holdings Ltd : Firm intention offer by Wescoal to acquire all issued shares of Keaton Energy . Wescoal has made an offer to Keaton Energy to acquire 100 pct of issued ordinary share capital of Keaton Energy . Consideration payable by Wescoal to Keaton will be 1.80 rand per Keaton Energy share, representing approximately 525.59 mln rand . Consideration will be settled partly in cash representing approximately 350.39 mln rand and remainder will be settled in Wescoal shares . Says share component will be settled by Wescoal in ratio of 0.30 Wescoal shares for every 1.00 Keaton Energy share . Wescoal has sufficient authorised but unissued Wescoal shares to settle share component . On completion of scheme, Keaton Energy will become a wholly- owned subsidiary of Wescoal .Cash component will be funded by Wescoal by a combination of cash , debt and cash raised by Wescoal through its BEE transaction in December 2016.  Full Article

Wescoal says continues to perform in line with expectations
Thursday, 12 Jan 2017 06:05am EST 

Wescoal Holdings Ltd : Operationally, Wescoal continues to perform in line with expectations, consistent with achievements during first half of fy17 . Financial year to date rom production is approximately 2.4 million tons .Total sales in trading division are in line with that of prior years and business continues to carefully manage credit risk..  Full Article

Wescoal Holdings six-month HEPS jumps 445 pct
Tuesday, 1 Nov 2016 01:30am EDT 

Wescoal Holdings Ltd : Unaudited condensed consolidated interim results for the six months ended Sept. 30, 2016 . Six-month revenue increased by 37.1 pct or R281.3 million to r1 039.4 million (2015: R758.1 million) . Six-month HEPS increased 445 pct to 27.8 cents (2015: 5.1 cents) . EBITDA is up 254 pct to R139.3 million for six months ended Sept. 30, 2016 (2015: r39.4 million) . Final dividend of R10 million for year ended March 31, 2016 . Special dividend of R10 million was declared during September 2016 . Wescoal is focused on acquiring additional resources and strategic interests in key logistic infrastructure . Will also continue to seek value in coal export market in a measured fashion .Immediate priority is to conclude BEE transaction.  Full Article

BRIEF-S.Africa's Competition Commission approves Wescoal-Keaton Energy merger

* Competition Commission has approved, without conditions, the proposed intermediate merger whereby Tahoe Canada Bidco intends to acquire DH Corporation ‍​

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