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Financials

South Africa's Wescoal to break ground at new coal mine in Feb - CEO

Jan 30 (Reuters) - South Africa’s Wescoal expects to break ground in February at its greenfield Moabsvelden project, with the mine expected to supply Eskom’s Kusile power plant with 3 million tonnes of coal a year at its peak, the CEO said on Thursday.

Reginald Demana, group chief executive at Wescoal -- which is largely focussed on domestic supply to state-owned power utility Eskom -- was speaking at a southern Africa coal conference in Cape Town. (Reporting by Wendell Roelf Editing by Tim Cocks and David Evans)

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