WESCOAL HOLDINGS LIMITED - Intibane Colliery commences mining and operational updateRelease Date: 15/04/2013 09:43:00 Code(s): WSL
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE Share code: WSL ISIN: ZAE000069639
("Wescoal? or ?the Company?)
Intibane Colliery commences mining and operational update
1) Intibane Colliery
Shareholders are advised that Wescoal Mining (Pty) Ltd (?Wescoal Mining?), a wholly owned
subsidiary of Wescoal, has received all the necessary authorisations, including a Water Use
License, to commence mining at the Intibane Colliery. The Intibane Colliery is situated in the
Witbank Coalfield, with an estimated 1,88 million tons of coal with a strip ratio of 1, 5 to 1.
Mine establishment has commenced and the first coal is expected to be produced by June 2013.
2) Operational update
Despite the delay in the commissioning of Intibane, management is satisfied with Wescoal?s
production for 2013. Wescoal Mining has produced 1,304,298 tons of coal for the period to March
2013 (2012: 1,179,238 tons) and Chandler Coal (Pty) Ltd, the trading arm of Wescoal, sold
413,165 tons of coal for the period to March 2013 (2012: 519,402 tons).
Results for the year ended 31 March 2013 are expected to be released by the middle of June
15 April 2013
Date: 15/04/2013 09:43:00 Supplied by www.sharenet.co.za
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