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29-Aug-2018
(Official Notice)
Wescoal shareholders are advised that the board of directors of Wescoal (the ?Board?) has resolved to repurchase a maximum of R20 million worth of its own shares in terms of the general approval granted by shareholders of the Company at the annual general meeting held on 14 November 2017 (the "Share Repurchase").



The Share Repurchase is subject to the Board having applied the solvency and liquidity test as required in terms of sections 46(1)(b) and 46(1)(c) of the Companies Act, No 71 of 2008.
07-Aug-2018
(Official Notice)
31-Jul-2018
(Official Notice)
Shareholders are advised that the full Integrated Annual Report (IAR) is available on the Company?s website at http://www.wescoal.com/investors/reports-presentation/.

Shareholders wishing to obtain a printed copy of the IAR can contact:

Vikesh Dhanooklal

Company Secretary

+27 11 049 8618 or vikesh@wescoal.com.



This follows the SENS release on 26 June 2018 of Wescoal?s summarised audited consolidated results for the financial year ending 31 March 2018 (?summarised results?). The annual financial statements forming part of the Integrated Annual Report contain no material modifications to the summarised results and there were no changes to the auditor?s report referred to in the summarised results.



Annual General Meeting

The notice of Annual General Meeting will be distributed to shareholders separately and a further announcement will be released on SENS setting out full details of the Annual General Meeting.
26-Jul-2018
(Official Notice)
Shareholders are referred to Wescoal?s audited results for the year ended 31 March 2018, released on SENS on 26 June 2018, wherein the directors resolved to declare the distribution of a dividend of R35 million for the period to 31 March 2018.



The directors are now in a position to confirm the declaration of a gross final dividend of 7.77934 cents per ordinary share for the year ended 31 March 2018 (31 March 2017: 2.66720 cents). The dividend has been declared from income reserves.



In terms of dividend tax, the following additional information is disclosed:

* the dividend is subject to dividend tax of 20%; and

* the net dividend will therefore be 6.22347 cents per share for shareholders who are not exempt from dividend tax.



The amount of shares in issue at the date of this declaration is 449 909 827 (439 720 827 exclusive of treasury shares) and the company's tax reference number is 9876593147.



In order to comply with the requirements of Strate, the relevant dates are as follows:

Last date to trade (cum dividend): Tuesday, 14 August 2018

Shares to commence trading (ex-dividend): Wednesday, 15 August 2018

Record date: Friday, 17 August 2018

Payment date: Monday, 20 August 2018



No share certificates may be dematerialised or rematerialised between Wednesday, 15 August 2018 and Friday, 17 August 2018, both dates inclusive.
05-Jul-2018
(Official Notice)
Group Legal Adviser - Company Secretary for Wescoal Holdings Ltd, Vikesh Dhanooklal has resigned from the company with effect from 30 September 2018 after serving on the executive team for three years. Wescoal also announces that the recruitment of a company secretary has been initiated to ensure a seamless handover period. An announcement on this appointment will be made at the appropriate time.

02-Jul-2018
(Official Notice)
Shareholders are advised that the Company's annual compliance report in terms of section 13G(2) of the Broad-based Black Economic Empowerment Amendment Act, 2013 (Act No 46 of 2013) has been published and is available on the Company's website at www.wescoal.com.
28-Jun-2018
(Official Notice)
Wescoal shareholders are advised that the Company has entered into sale agreements (the ?Agreements?) with Tokata Resources (Pty) Ltd. (?Tokata?) and Banjosign (Pty) Ltd. (?Banjosign?) (collectively the ?Purchaser?), in terms of which Wescoal will dispose of its Intibane 1 and Intibane 2 collieries located in Mpumalanga (the ?Intibane Complex?) (the ?Disposal?).



The disposal will become effective on or about 1 July 2018 (the ?Effective Date?).



The disposal

Rationale for the disposal

The remaining coal reserve at the Intibane Complex being less than the annual production rate, the Disposal is in line with the Company?s strategy of realising value for shareholders and building a scalable, sustainable business.



Consideration for the disposal

The total consideration for the Disposal is R57 million (the ?Consideration?), payable by 31 August 2018 in cash. The Consideration is to be settled as follows:

*R39 million payable by Tokata for the mining operations and assets of Intibane Complex; and - R18 million payable by Banjosign for the surface rights of Intibane Complex.



Application of sale proceeds

The consideration will be utilised to reduce short term borrowings of the group and to fund strategic growth options.



Suspensive conditions

There are no outstanding suspensive conditions to the disposal.



Value of the net assets and profits attributable to the net assets of the disposal

The value of the net assets that are the subject of the Disposal is R39 million and the profits attributable to the net assets that are the subject of the Disposal, is R37 million for the year ended 31 March 2018.



Categorisation of the disposal

The disposal is classified as a Category 2 transaction in terms of the JSE Ltd. Listings Requirements, and accordingly no shareholder approval is required.



Renewal of cautionary announcement

Wescoal shareholders are advised that the Company remains under cautionary for a further offer for the disposal of one of its non-core, non-operational assets as published on SENS on 29 May 2018.



Accordingly, shareholders are advised to continue to exercise caution when dealing in Wescoal?s securities until a further announcement is made.
26-Jun-2018
(C)
Revenue for the year shot up to R3.5 billion (R2.1 billion) whilst operating profit multiplied to R344.4 million (R122.7 million). Profit attributable to owners jumped to R201.4 million (R30.2 million). Furthermore, headline earnings per share increased to 46.4 cps (11.3 cps).



Dividends

Considering the financial position and performance, the board resolved to declare a final dividend of R35 million for the year ended March 2018. This is the fifth consecutive dividend payment to shareholders as Wescoal sustains progressive increase of dividends amidst a continued rapid growth trend.



The total of the interim and final dividend for the year amounts to R49 million, a pay-out ratio of 24% and a dividend yield of 6.5%. The full dividend declaration and timetable will be announced on SENS.
22-Jun-2018
(Official Notice)
Shareholders are referred to the trading statement released on SENS on 22 May 2018 and are advised that further clarification is now provided as to the extent of the increase referred to in the aforementioned announcement.



For the year ended 31 March 2018, Wescoal expects to report:

- Headline Earnings Per Share (?HEPS?) of between 45.5 cents and 47.5 cents, being an increase of between 303% and 320% (31 March 2017: 11.3 cents); and

- Earnings Per Share (?EPS?) of between 47 cents and 49 cents, being an increase of between 305% and 322% (31 March 2017: 11.6 cents).



The financial information on which this trading statement is based has not been reviewed or reported on by the Company?s auditors. Wescoal?s results for the year ended 31 March 2018 will be released on SENS on or about 26 June 2018.

29-May-2018
(Official Notice)
Shareholders are advised that the Company has accepted an offer for the disposal of one of its non- core, non-operational assets (the ?Transaction?). This is in line with the Company?s strategy of realizing value for shareholders and building a scalable, sustainable business.



Wescoal will announce full terms of the Transaction, which will be a Category 2 transaction as defined in the JSE Listings Requirements, as soon as it is in a position to do so. Accordingly, shareholders are advised to exercise caution when dealing in Wescoal?s securities until such time as a full terms announcement is made.
22-May-2018
(Official Notice)
10-May-2018
(Official Notice)
Shareholders are advised that Mr Cecil Maswanganyi and Mr Eric Thuthukani Mzimela, both non- executive directors of the board of Wescoal, have been appointed as members of the Social and Ethics Committee with effect from 10 May 2018.
24-Jan-2018
(Official Notice)
22-Jan-2018
(Official Notice)
Shareholders are advised that Wescoal will be hosting several investors and analysts on Monday 22 January 2018 at Vanggatfontein Colliery. A copy of the investor presentation is available on the Company?s website www.wescoal.com which contains only previously published information from the CPR, integrated annual report and results presentations.

29-Nov-2017
(Official Notice)
Shareholders are referred to Wescoal?s interim results for the period ended 30 September 2017, released on SENS on 21 November 2017, wherein the directors resolved to declare the distribution of a dividend of R14 million for the period to 30 September 2017. The directors are now in a position to confirm the declaration of a gross final dividend of 3.11173 cents per ordinary share for the period ended 30 September 2017 (31 March 2017: 2.66720 cents). The dividend has been declared from income reserves.



In terms of dividend tax, the following additional information is disclosed:

- the dividend is subject to dividend tax of 20%; and

- the net dividend will therefore be 2.48939 cents per share for shareholders who are not exempt from dividend tax.



The amount of shares in issue at the date of this declaration is 449 909 827 (439 380 827 exclusive of treasury shares) and the Company's tax reference number is 9876593147.



In order to comply with the requirements of Strate, the relevant dates are as follows:

- Last date to trade (cum dividend): Tuesday, 12 December 2017

- Shares to commence trading (ex-dividend): Wednesday, 13 December 2017

- Record date: Friday, 15 December 2017

- Payment date: Monday, 18 December 2017



No share certificates may be dematerialised or rematerialised between Wednesday, 13 December 2017 and Friday, 15 December 2017, both dates inclusive.
21-Nov-2017
(C)
Turnover for the period increased to R1.610 billion (2016: R1.039 billion), gross profit rose to R267.1 million (2016: R188 million), operating profit climbed to R160.9 million (2016: R101 million), profit attributable to owners of the parent grew to R88.2 million (2016: R62 million), but headline earnings per ordinary share weakened to 20.2 cents per share (2016: 27.8 cents per share).



Distributions

The board of directors in considering the Company?s financial position and consistent strong performance, continued its progressive increase of dividends and resolved to declare an interim dividend of R14 million to shareholders. This is the 4 consecutive reporting period the Company has announced dividend payments to shareholders. The full dividend declaration will be announced on SENS in due course. A dividend of R14 million equating to 3.1 cents per share was declared.



Company prospects

With the Keaton Energy acquisition, the Group continues to grow into a multifaceted Group with a presence in the domestic and international thermal coal markets, as well as coal logistics infrastructure. We will continue to take advantage of value enhancing opportunities to further diversify and grow revenue streams in FY18.



Study work associated with the Moabsvelden resource is expected to be completed in January 2018 following which the Company will be in a position to make an informed investment decision. Acquisition targets continue to present themselves and the board of directors continues to assess these with a view to sustainably growing the business. Delivery of the eight million tonne ROM medium term objective is still on track.
17-Nov-2017
(Official Notice)
Shareholders were advised that Mr Eric Thuthukani Mzimela and Mr Cecil Maswanganyi have been appointed to the Board as non-executive directors, effective from 17 November 2017.
16-Nov-2017
(Official Notice)
Shareholders are advised that Wescoal?s reviewed results for the six months ended 30 September 2017 are expected to be published on or about 21 November 2017.



On a normalised basis, earnings from the Company are expected to be between 27.2 and 29.2 cents per share. The normalisation is based upon an increase in the number of issued shares and specific non-recurring costs relating to the acquisition of Keaton. The number of issued Wescoal shares increased to 449 million (2016: 237 million) in two specific transactions ? raising capital through a BEE transaction and issuing shares to part fund the acquisition of Keaton Energy Holdings (?Keaton?).



Shareholders are advised that the Company expects, with reasonable certainty, that Headline Earnings Per Share (?HEPS?) and Earnings Per Share (?EPS?) are to vary by the amounts set out in the table below:



Headline Earnings Per Share (?HEPS?):

*30 September 2017 (expected range) (cents per share) - 19.5 to 20.5

*30 September 2017 (expected range as a percentage) - -26.3% to -29.9%

*30 September 2016 (cents per share) - 27.8



Earnings Per Share (?EPS?)

*30 September 2017 (expected range) (cents per share) - 22.0 to 23.0

*30 September 2017 (expected range as a percentage) - -16.7% to -20.3%

*30 September 2016 (cents per share) - 27.6



Normalised Earnings Per Share

*30 September 2017 (expected range) (cents per share) - 27.2 to 29.2



The interim results presentation will be webcast on Tuesday 21st November 2017 at 11:00am at www.corpcam.com/Wescoal21112017.



The financial information on which this trading statement is based has not been reviewed or reported on by Wescoal?s auditors.



14-Nov-2017
(Official Notice)
Wescoal shareholders are advised of the voting results for the annual general meeting of Wescoal held at the registered offices of the Company on 14 November 2017.



Based on the above voting results, all resolutions were passed by the requisite majority of Wescoal shareholders present in p erson or represented by proxy at the annual general meeting.

17-Oct-2017
(Official Notice)
17-Oct-2017
(Official Notice)
Wescoal shareholders are referred to Special Resolution Number 2 relating to the provision of direct or indirect financial assistance in terms of Section 45 of the Companies Act, No 71 of 2008 ("the Companies Act") to related or inter-related companies, which was approved at the annual general meeting of Wescoal on 9 November 2016.



Further to the above, Wescoal shareholders are notified in terms of Section 45(5)(a) of the Companies Act, that the board of directors of the Company ("the board") passed a resolution on 9 October 2017 ("the board resolution") granting financial assistance to inter related companies of Wescoal, amounting to R420 million ("the financial assistance") in the form of guarantees.



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Wescoal"s net worth as at the date of the board resolution.



The board further confirms that immediately after providing the financial assistance, the Company continues to satisfy the solvency and liquidity test as contemplated in Section 4 of the Companies Act and that the terms and conditions of the financial assistance are fair and reasonable to the Company.



Additionally, Wescoal is pleased to have concluded a long-term debt funding arrangement with a local bank.



Whilst these funding arrangement strengthen the Group"s liquidity and balance sheet, it remains moderately geared at around 30% and continues to focus on its strategic intent to play a role as a consolidator in the junior coal producer sector and to optimise newly acquired Keaton Energy.
16-Oct-2017
(Official Notice)
Further to the announcement released on SENS on 29 September 2017, shareholders are advised that the notice of AGM (?Notice?) has been distributed to shareholders and is available on the Company?s website at www.wescoal.com.



Annual general meeting

The annual general meeting of shareholders of Wescoal will be held at the Company?s registered offices, Building 10, Woodmead Business Park, 142 Western Service road, Woodmead, South Africa, on Tuesday, 14 November 2017 at 10:00 to transact the business as stated in the Notice.



The date for shareholders to be recorded on the securities register of the Company in order to be able to attend, participate and vote at the annual general meeting is Friday, 3 November 2017.

29-Sep-2017
(Official Notice)
Shareholders are advised that the full Integrated Annual Report (IAR) is available on the Company?s website at www.wescoal.com. This follows the SENS release on 28 June 2017 of Wescoal?s summarised audited consolidated results for the financial year ending 31 March 2017 (?summarised results?). The annual financial statements forming part of the Integrated Annual Report contain no material modifications to Wescoal?s summarised results.



Annual General Meeting

The notice of Annual General Meeting will be distributed to shareholders separately and a further announcement will be released on SENS setting out such details.
30-Aug-2017
(Official Notice)
Shareholders are referred to Wescoal?s audited results for the year ended 31 March 2017, released on SENS on 28 June 2017, wherein the directors declared the distribution of a dividend of R12 million for the period to 31 March 2017. The directors are now in a position to confirm the declaration of a gross final dividend of 2.66720 cents per ordinary share for the year ended 31 March 2017 (2016: 4.20993 cents). The dividend has been declared from income reserves.



In terms of dividend tax, the following additional information is disclosed:

- the dividend is subject to dividend tax of 20%; and

- the net dividend will therefore be 2.13376 cents per share for shareholders who are not exempt from dividend tax.



The amount of shares in issue at the date of this declaration is 449 909 827 (437 405 827 exclusive of treasury shares) and the Company's tax reference number is 9876593147.



In order to comply with the requirements of Strate, the relevant dates are as follows:

* Last date to trade (cum dividend) : Tuesday, 19 September 2017

* Shares to commence trading (ex-dividend) : Wednesday, 20 September 2017

* Record date : Friday, 22 September 2017

* Payment date : Tuesday, 26 September 2017



No share certificates may be dematerialised or rematerialised between Wednesday, 20 September 2017 and Friday, 22 September 2017, both dates inclusive.
23-Aug-2017
(Official Notice)
07-Aug-2017
(Official Notice)
Mining contractor Dieselpower, a subsidiary of Buildmax Ltd., has terminated the mining services agreement in respect of Wescoal?s Elandspruit Colliery. Dieselpower will be demobilised and off-site by the end of October 2017. Wescoal is in the process of finalising a suitable mining contractor to follow on at its Elandspruit Colliery.
07-Aug-2017
(Official Notice)
Subsequent to the SENS announcement on 6 July 2017, the Company has appointed Izak Van Der Walt as Chief Financial Officer and executive director effective 01 September 2017 to succeed Bothwell Mazarura who will step down as CFO and executive director on 31 August 2017, to pursue a Finance Director role at Kumba Iron Ore Ltd.



Izak previously held the position of General Manager Operations: Finance where in addition to financial reporting, treasury and funding; strategic execution and related controls to optimise financial performance, he held key responsibilities included the IT function, Insurance and Enterprise Risk Management.



Van der Walt joined Wescoal in 2015 as Group Financial Specialist and in 2015 became Acting Chief Financial Officer for nearly a year, providing high level guidance to the board and leadership to operations as part of the executive management team. Prior to joining Wescoal, he gained over 14 years? experience in the mining sector in various financial management roles locally and internationally.



Izak currently serves as executive director to the Wescoal subsidiary board of Wescoal Mining (Pty) Ltd. He also serves as an executive director on recently acquired Keaton Energy Holdings Limited. Izak is a Chartered Accountant (SA), holding BCompt, BCompt Honours and CTA qualifications (articles with Price Waterhouse Coopers) and member of the Public Accountants - Auditors Board.

06-Jul-2017
(Official Notice)
Wescoal shareholders are advised that the Company is finalising the terms of the appointment of a new Chief Financial Officer and executive director effective 01 September 2017 to succeed Bothwell Anesu Mazarura who will step down as CFO and executive director on 31 August 2017, to pursue a Finance Director role at a listed mining company.
30-Jun-2017
(Official Notice)
Shareholders are advised that the Company?s annual compliance report in terms of section 13G(2) of the Broad-based Black Economic Empowerment Amendment Act, 2013 (Act No 46 of 2013) has been published and is available on the Company?s website at www.wescoal.com.
29-Jun-2017
(Official Notice)
29-Jun-2017
(Official Notice)
28-Jun-2017
(C)
Turnover for the year soared to R2.118 billion (2016: R1.590 billion), gross profit rose to R367.5 million (2016: R251.7 million), operating profit jumped to R122.7 million (2016: R100.9 million), while profit attributable to owners of the parent lowered to R30.2 million (2016: R51.8 million). Furthermore, headline earnings per ordinary share decreased to 11.3 cents per share (2016: 27.1 cents per share).



Dividends

Wescoal in considering the Company's financial position and strong annual performance, has agreed to distribute R12 million to shareholders as a dividend for the period. The full dividend declaration will be announced on SENS in due course.
20-Jun-2017
(Official Notice)
19-Jun-2017
(Official Notice)
12-Jun-2017
(Official Notice)
Wescoal and Keaton Energy Holdings Ltd. ("Keaton") shareholders are referred to the joint firm intention offer announcement (?Firm Intention Announcement?) published by Wescoal and Keaton on 2 February 2017. Unless defined in this announcement or if the context dictates otherwise, capitalised terms used in this announcement have the same meanings as given in the Firm Intention Announcement.



Competition Commission approval

Shareholders are referred to the joint announcement published by Wescoal and Keaton on 2 June 2017 with respect to, inter alia, the results of the meetings and an update on the fulfilment of the Scheme Conditions. Shareholders are notified that unconditional approval by the Competition Commission for the Transaction was received on 6 June 2017.



Salient dates and times

As soon as Wescoal and Keaton have more certainty around the date of fulfilment of the remaining Scheme Conditions, they will release a joint announcement on SENS detailing updated salient dates and times pertaining to the implementation of the Transaction.



Keaton responsibility statement

The Keaton Independent Board accepts responsibility for the information contained in this announcement to the extent that it relates to Keaton. To the best of their knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of the information.



Wescoal responsibility statement

The Wescoal Board accepts responsibility for the information contained in this announcement to the extent that it relates to Wescoal. To the best of their knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of the information.
02-Jun-2017
(Official Notice)
24-May-2017
(Official Notice)
Wescoal?s voluntary strategic and operational SENS update on 12th January 2017 indicated that production from Khanyisa Colliery is subject to regulatory consents from the Department of Mineral Resources. The Company announce that these consents have been granted. Mining activities have commenced in the Khanyisa ?Catwalk? as well as the adjacent Khanyisa ?Triangle? areas near Ogies in Mpumalanga (collectively the Khanyisa complex?). This is a significant milestone in the Company?s expansion programme. Production from the enlarged Khanyisa complex will ramp up to 100 000 ROM tons per month over the next six months.



Khanyisa Catwalk is wholly owned by Wescoal while Khanyisa Triangle is 100% owned by Aztolinx (Pty) Ltd. (?Aztolinx?), an incorporated joint venture vehicle in which Wescoal owns 35%. The Aztolinx initiative is 85% black owned and is in line with Wescoal?s commitment to transformation and empowerment.



Mining activities will be managed by Wescoal with a ROM production target of 100 000 tons per month within six months. Crushing and screening activities have been contracted to Mwelase Mining (Pty) Ltd., a 100% black owned company. Aztolinx will oversee marketing initiatives. Short-term off-take agreements have been put in place while longer term contracts are being negotiated with various parties.



The Khanyisa complex is close to both Kendal and Kusile power stations, as well as Kendal siding and the Richards Bay export rail network. These factors, coupled with the majority black ownership component, augurs well for securing favourable long term coal supply contracts in various markets including Eskom, the non-Eskom domestic and export coal markets.



Management?s priorities remain to strive for safe and reliable operations, solid and predictable financial performances, re-alignment of the trading business to Wescoal?s needs and to maximise value from the existing asset base. Planning and executing projects in a conservative, risk-based manner will continue to form the basis on which Wescoal will manage and realise value from its growth plans.



Wescoal remains an active participant in the consolidation of the domestic junior coal mining sector with respect to reviewing value enhancing opportunities.
04-May-2017
(Official Notice)
04-Apr-2017
(Official Notice)
Wescoal has appointed Thivha Tshithavhane as Chief Executive Officer of its subsidiary Wescoal Mining with effect from 1st April 2017. Thivha has headed up the Group?s mining strategy and business development portfolio for the past 12 months. He is a Chemical Engineer with operational, process design and project management experience in the mineral processing industry spanning over 13 years. Thivha remains an Executive Director of Wescoal.



Outgoing Wescoal Mining CEO Dutch Botes will continue with the company heading up identified growth projects. He will continue to add considerable experience to the planning and implementation of the Company?s expansion initiatives.
23-Feb-2017
(Official Notice)
02-Feb-2017
(Official Notice)
12-Jan-2017
(Official Notice)
20-Dec-2016
(Official Notice)
Unless defined in this announcement or if the context dictates otherwise, capitalised terms used in this announcement have the same meanings as given in the circular to shareholders dated 25 October 2016 detailing the terms of the proposed black economic empowerment transaction.



Shareholders are referred to the announcements published by the company on SENS dated 29 September, 25 October, 23 November and 28 November 2016 in relation to the Transaction.



Shareholders are hereby advised that (i) all suspensive conditions in relation to the Transaction have now been fulfilled; and (ii) 124 995 373 new Wescoal Shares have been issued and allotted to the BEE SPV, and subsequently listed on the JSE. As such, the company has now achieved direct black ownership of at least 51% as required by the Coal Supply Agreements entered into by Wescoal with Eskom.





28-Nov-2016
(Official Notice)
Shareholders are referred to the announcements published by the Company on SENS dated 29 September 2016, 25 October 2016 and 23 November 2016 in relation to the Transaction.



Shareholders are hereby advised that the TRP has approved the Company?s application to waive the Mandatory Offer (?Ruling?). In accordance with the TRP guidelines, Shareholders may request the Takover Special Committee to review the Ruling within 5 Business Days of the publication of this announcement on SENS. After expiry of the aforesaid 5 Business Days, in the absence of any request to review the Ruling, the TRP proceedings relating to the Waiver will be regarded as fully completed.
23-Nov-2016
(Official Notice)
Wescoal ordinary shareholders are advised that the voting results at the general meeting of Wescoal regarding the approval by Wescoal ordinary shareholders for the implementation of the Transaction, held at the registered office of the company today (23 November 2016), all resolutions were passed by the requisite majority of Wescoal shareholders present in person or represented by proxy at the general meeting.
10-Nov-2016
(Official Notice)
Wescoal shareholders are advised that the voting results for the annual general meeting of Wescoal held at the registered offices of the company on 9 November 2016, all resolutions were passed by the requisite majority of Wescoal shareholders present in person or represented by proxy at the annual general meeting.
01-Nov-2016
(C)
28-Oct-2016
(Official Notice)
Shareholders are referred to the special dividend finalisation announcement (?finalisation announcement?) released on SENS on 19 October 2016 which was subject to obtaining the necessary Exchange Control approval.



Wescoal is now in a position to confirm that Exchange Control approval has been obtained and the payment of the special dividend will proceed as set out in the finalisation announcement.





25-Oct-2016
(Official Notice)
Wescoal shareholders (?Shareholders?) are referred to the announcement dated 29 September 2016 containing details of the Transaction and are hereby advised that the Company has today (25 October 2016) posted a circular pertaining to the Transaction (?Circular?), which document incorporates a notice of general meeting of Wescoal shareholders (?General Meeting?) to be held at the registered office of Wescoal (?Registered Office?), being 1st Floor, Building 10, Woodmead Business Park, 142 Western Service Road, Woodmead, at 10:00 on Wednesday, 23 November 2016. Copies of the Circular are available on the Company?s website at www.wescoal.com and may be obtained at the Company?s Registered Office and the offices of the Company?s Sponsor, Nedbank Corporate and Investment Banking, a division of Nedbank Ltd. (3rd Floor, Corporate Place, 135 Rivonia Road, Sandton) from Tuesday, 25 October 2016 to Wednesday, 23 November 2016.



Salient dates and times

Set out below are the salient dates and times pertaining to the implementation of the Transaction:

* Circular (together with the notice convening the General Meeting) posted to Shareholders on Tuesday, 25 October

* Announcement relating to the issue of the Circular (together with the notice convening the General Meeting) released on SENS on Tuesday, 25 October

* Results of the General Meeting to be released on SENS on Wednesday, 23 November

* Expected date of fulfilment of the suspensive conditions to the Transaction on Tuesday, 6 December

* Expected date on which the Transaction will be implemented on Friday, 9 December
19-Oct-2016
(Official Notice)
Shareholders are referred to Wescoal?s announcement, released on SENS on 29 September 2016, wherein the directors announced the proposed BEE transaction and declared the distribution of a special dividend of R10 million for the period to 30 September 2016.



The directors are now in a position to confirm the declaration of a gross special dividend of 4.20993 cents per ordinary share for the period ended 30 September 2016 (2015: Nil). The special dividend has been declared from income reserves.



In terms of dividend tax, the following additional information is disclosed:

- the special dividend is subject to dividend tax of 15%; and

- the net special dividend will therefore be 3.57844 cents per share for shareholders who are not exempt from dividend tax.



The amount of shares in issue at the date of this declaration is 237 533 578 (224 759 578 exclusive of treasury shares) and the company's tax reference number is 9876593147.



In order to comply with the requirements of Strate, the relevant dates are as follows:

Last date to trade (cum dividend) - Tuesday, 8 November 2016

Shares to commence trading (ex special dividend) - Wednesday, 9 November 2016

Record date - Friday, 11 November 2016

Payment date - Monday, 14 November 2016



No share certificates may be dematerialised or rematerialised between Wednesday, 9 November 2016 and Friday, 11 November 2016, both dates inclusive. Shareholders should note that the special dividend is subject to Exchange Control approval and an announcement will be released on SENS once this has been obtained.
19-Oct-2016
(Official Notice)
Shareholders are advised that the company expects, with reasonable certainty, that the earnings per share (EPS) for the six months ended 30 September 2016 will be between 24.1 and 28.9 cents per share, compared to the 5.3 cents per share reported for the prior comparative period (being an increase of more than 350%).



Headline earnings per share (HEPS) for the period will be between 23.2 and 27.8 cents per share, compared to the 5.1 cents per share reported for the prior comparative period (being an increase of more than 350%).



The company`s financial results for the interim period ended 30 September 2016 are expected to be released on or about 1 November 2016. Shareholders will be invited to a webcast and conference call on the day. Further details are available from Jacques de Bie: Jdebie@singular.co.za or 082 691 5384



Wescoal's solid performance is on the back of strong sales from Elandspruit, the company's flagship mine and further operational efficiencies.
29-Sep-2016
(Official Notice)
28-Sep-2016
(Official Notice)
Shareholders are advised that the full Integrated Annual Report (IAR) is available on the company?s website at www.wescoal.com.



Shareholders wishing to obtain a printed copy of the IAR can contact: Vikesh Dhanooklal, Company Secretary, +27 11 049 8611 or vikesh@wescoal.com.



This follows the SENS release on 2 June 2016 of Wescoal?s reviewed condensed consolidated results for the financial year ending 31 March 2016 (?reviewed results?).



The annual financial statements forming part of the Integrated Annual Report (?audited results?) contain no material modifications to Wescoal?s reviewed results. In completing the audited results it was necessary to effect a reallocation of R5.8 million between current liabilities (Trade and other payables) and current assets (Trade and other receivables). The quantum and nature of the reallocation is assessed to be inconsequential as it is contained within net current liabilities (i.e no change to working capital), equates to 1% of current liabilities and does not affect the financial outcomes, position or performance ratios of the business.



Reviewed results; Audited results and Change R?000

*Trade and other receivables - 231 401; 225 601; (5 800)

*Trade and other payables - (278 377); (272 577); 5 800



Annual General Meeting

The Annual General Meeting of shareholders of Wescoal will be held at the Company?s registered offices, Building 10, Woodmead Business Park, 142 Western Service road, Woodmead, South Africa, on Wednesday, 9th of November 2016 at 10:00 to transact the business as stated in the notice of the Annual General Meeting forming part of the IAR.



The date for shareholders to be recorded on the securities register of the Company in order to be able to attend, participate and vote at the Annual General Meeting is Friday, 4th of November 2016.
28-Sep-2016
(Official Notice)
Wescoal announces that it has successfully finalised a series of material coal supply contracts with third parties (?Coal Purchase Confirmations?). This is in line with the Group?s stated intent to diversify its revenue streams and to supply one million tons per annum of coal into the export market.



In terms of the Coal Purchase Confirmations, Wescoal will supply over five million tons of coal from November 2016 to April 2021.



The Coal Purchase Confirmations would expand Wescoal?s presence in the domestic thermal coal market and increase its exports to approximately one million tons per annum. The agreements further de-risk and provide certainty around future Wescoal cash flows and diversity of its revenue streams.



09-Sep-2016
(Official Notice)
Shareholders are referred to Wescoal?s reviewed results for the year ended 31 March 2016, released on SENS on 2 June 2016, wherein the directors declared the distribution of a dividend of R10 million for the period to 31 March 2016.



The directors are now in a position to confirm the declaration of a gross final dividend of 4.20993 cents per ordinary share for the year ended 31 March 2016 (2015: Nil). The dividend has been declared from income reserves.



In terms of dividend tax, the following additional information is disclosed:

*the dividend is subject to dividend tax of 15%; and

*the net dividend will therefore be 3.57844 cents per share for shareholders who are not exempt from dividend tax.



The amount of shares in issue at the date of this declaration is 237 533 578 (224 759 578 exclusive of treasury shares) and the Company's tax reference number is 9876593147.



In order to comply with the requirements of Strate, the relevant dates are as follows:

*Last date to trade (cum dividend) - Tuesday, 20 September 2016

*Shares to commence trading (ex-dividend) - Wednesday, 21 September 2016

*Record date - Friday, 23 September 2016

*Payment date - Monday, 26 September 2016



No share certificates may be dematerialised or rematerialised between Wednesday, 21 September 2016 and Friday, 23 September 2016, both dates inclusive.





23-Aug-2016
(Official Notice)
Wescoal has entered negotiations to increase its BEE ownership (the BEE transaction) and shareholders are advised to exercise caution when dealing in Wescoal?s shares until a further announcement in this regard is published. In this respect the attention of shareholders is drawn to the SENS announcement released on 17 August 2016 relating to the long term coal supply agreement entered into with Eskom and Wescoal?s obligation therein to transform its BEE ownership to more than 50% by end December 2016.

17-Aug-2016
(Official Notice)
Shareholders are referred to prior SENS announcements, most recently on 2 June 2016 wherein Wescoal indicated that it was in discussions with Eskom to finalise a long-term coal supply agreement linked to its flagship Elandspruit colliery. The Elandspruit colliery, which produced first coal in July 2015, has effectively been supplying coal to Eskom through short-term contracts since September 2015 while the long-term coal supply agreement was being finalised. Wescoal announced that it has successfully concluded these negotiations and a long-term coal supply agreement (?CSA?) has been signed with Eskom Holdings SOC Ltd.



The terms of the CSA inter alia include:

- In order to ensure uninterrupted coal supply, the commencement date will be 1 November 2016, at the conclusion of Wescoal?s current short-term coal supply contract with Eskom. The CSA has a five year duration which allows Wescoal to enter into long-term projects with certainty around cash flows.

- Some 7.8 million tons of coal beneficiated at Wescoal?s Processing Plant will be delivered to Eskom during the life of the CSA.

- Wescoal is obliged to transform its BEE ownership to more than 50 percent by end December 2016 and is well advanced in achieving this strategic goal.

- Wescoal needs to comply with all regulatory and licensing requirements during the life of the contract. The current water use license at Wescoal?s Processing Plant expires in March 2017. Wescoal has submitted documents to the relevant authorities in support of ensuring that the renewed water use license is in place timeously.
01-Jul-2016
(Official Notice)
Further to the announcement released on SENS on 4 May 2016 relating to the appointment of Mr Bothwell Mazarura as group finance director and chief financial officer of Wescoal, the company confirms that Mr Izak van der Walt, acting chief financial officer, has resigned from the board of Wescoal with immediate effect. Mr van der Walt will continue in the role of General Manager Finance for Operations providing support to the group and board financial roles of Wescoal.



02-Jun-2016
(C)
Turnover for the year decreased to R1.6 billion (2015: R1.7 billion). Gross profit increased to R251.7 million (2015: R219.6 million), operating profit jumped to R100.9 million (2015: R46.2 million), while total comprehensive income attributable to owners of the parent soared to R51.8 million (2015: R29 million). Furthermore, headline earnings per ordinary share grew to 27.1 cents per share (2015: 15.4 cents per share).



Dividends

Wescoal's Board in considering the Company's financial position and strong annual performance, has agreed to distribute R10 million to shareholders as a dividend for the period. The full dividend declaration will be announced on SENS in due course.



Prospects

Wescoal seeks to build on this robust operational performance and to continue delivering solid, predictable and sustainable operational and financial performances. The Group is on its way to achieving its short term strategic objective of BEE ownership in excess of 50% which may include employee participation. In response to Eskom's RFP process, management is developing a detailed business plan for Eskom sales. A key strategic objective is to diversify revenue streams, which includes increasing exports to 1Mtpa, over the next three-years. The Group's short-term focus is the operationalisation of Intibane and Khanyisa Collieries, while increasing the overall resource base through corporate activity and resource acquisitions. Additionally, over the long term, to increase production to 8Mtpa. Management will continue to re-align the Trading Division's business model to reduce business risk and increase shareholder returns.
26-May-2016
(Official Notice)
Wescoal?s open cast Khanyisa Colliery has been granted a 20-year Water Usage Licence by the Department of Water - Sanitation. This is another step in the extended life of the mine (?LOM?) which was brought into the Wescoal stable in 2009, marking the group?s entry into Mining. Khanyisa has consistently outstripped all LOM projections over the period.



The Water Use Licence is effective immediately and additional regulatory consents are now awaited from the Department of Mineral Resources before mining activities can commence. Khanyisa is situated near the Kendal Power Station, 10km West of Ogies.



Wescoal?s results for the 12 months ended 31 March 2016 will be published on SENS on Thursday 2nd June 2016. Shareholders and investors are invited to attend a presentation/webcast. Contact Jacques de Bie on JdeBie@Singular.co.za



18-May-2016
(Official Notice)
Shareholders are advised that Wescoal is in the process of finalising its results for the 12 month period ended 31 March 2016. Further to the trading statement published on 22 March 2016, the company now has clarity on the actual range of the increase and anticipates that it will report the following;



Headline earnings per share (HEPS) of between 25.7 cents and 28.8 cents (12 months to 31 March 2015: 15.4 cps), being an increase of between 67% and 87%.



Earnings per share (EPS) of between 25.9 cents and 29.0 cents (12 months to 31 March 2015: 15.7 cps), being an increase of between 65% and 85%.



The increases in HEPS and EPS are primarily attributed to cost saving and productivity initiatives as well as the successful operationalisation of the Elandspruit project. Producing consistently at target production rate of 165kt Run of Mine (?ROM?) per month, Elandspruit has met expectations and is delivering on its promise.



The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors.



The company`s results for the 12 months ended 31 March 2016 will be published on SENS on 2nd June 2016. Shareholders and investors will be invited to attend a presentation and dial-in details of a webcast will be circulated nearer to the date. For further information and details please contact Jacques de Bie on JdeBie@Singular.co.za or 082 691 5384 and see the company website: www.wescoal.com.





04-May-2016
(Official Notice)
Wescoal announced the appointment of Bothwell Mazarura as Group Finance Director and Chief Financial Officer, effective from 1 July 2016. This follows the company?s SENS announcement on March 22, 2016 (Wescoal Trading Statement, Executive Appointments, BEE, Operational Update and Site Visit).



Bothwell previously held various senior financial roles at Lonmin Plc from 2010, including Head of Group Finance, Head of Treasury and Acting Chief Financial Officer. Prior to joining Lonmin, he was a Partner at Deloitte, a position he had held since 2002.Bothwell also spent some time in the United Kingdom working for Deloitte.



He also serves the Cancer Association of South Africa (CANSA) as a non-executive director chairing the Audit and Risk Committee for the organization.



Izak van der Walt, Wescoal?s acting Chief Financial Officer will take on the role of General Manager Finance for Operations providing support to the Group and Board financial roles.
06-Apr-2016
(Official Notice)
Further to the trading statement released on SENS on 22 March 2016, which referred to the appointment of Mr Thivha Tshithavhane as Business Development Director of Wescoal, the company now confirms that Mr Tshithavhane has been appointed as an executive director to the board of Wescoal with effect from 1 April 2016.
22-Mar-2016
(Official Notice)
25-Jan-2016
(Official Notice)
11-Dec-2015
(Official Notice)
Shareholders are advised as follows:

*Mr Robinson Ramaite automatically retired as a non-executive director of Wescoal post the annual general meeting on the 13th of November 2015, and was immediately thereafter re-appointed as a non-executive director and chairman of Wescoal by the board of directors; and

*Mr Ramaite?s re-appointment to the board will be ratified at the Company?s next annual general meeting.



07-Dec-2015
(Official Notice)
Wescoal shareholders (?Shareholders?) are referred to the circular dated 17 November 2015 containing details of the combined claw-back and rights offer to Shareholders of a maximum of 49 041 904 new Wescoal shares (?Combined claw-back and rights offer shares?) at an issue price of 132 cents each (the ?Combined claw-back and rights offer?).



Shareholders are advised that the Combined claw-back and rights offer closed on Friday, 4 December 2015 and are further advised that, in respect of the Combined claw-back and rights offer shares, which were offered to Shareholders and/or their renouncees, a total of 1 080 702 new Wescoal shares, being 2.20% of the Combined claw-back and rights offer shares, were applied for in terms of the Combined claw-back and rights offer.



Simeka Capital Holdings (Pty) Limited (?Simeka?), pursuant to its R40 million subscription commitment, will be issued with 30 303 030 new ordinary shares of no par value which have not been subscribed for by the Shareholders pursuant to the Combined claw-back and rights offer.



Accordingly, the Company will issue 31 383 732 new Wescoal shares, representing 63.99% of the Combined claw-back and rights offer shares.



Dematerialised shareholders who have subscribed for the Combined claw-back rights offer shares will have their accounts debited and updated by their Central Securities Depository Participant/ broker on Monday, 7 December 2015. Share certificates will be posted to certificated shareholders who subscribed for the Combined claw-back right offer shares on Monday, 7 December 2015.



Following the issue of 31 383 732 new Wescoal shares pursuant to the Combined claw-back rights offer, the total issued share capital of the Company will increase to 237 533 578 ordinary shares of no par value.
20-Nov-2015
(Official Notice)
Shareholders are advised that CIS Company Secretaries (Pty) Ltd. has resigned as company secretary of Wescoal on the 18th of November 2015. Further to the above, shareholders are advised that Mr. Vikesh Dhanooklal has been appointed as the company secretary of Wescoal with immediate effect.



13-Nov-2015
(Official Notice)
Shareholders are advised of the following changes to the board of Wescoal Holdings Ltd:

*Mr Waheed Sulaiman who was appointed as Acting Chief Executive Officer with effect from 31 March 2015, has been appointed at the AGM as Executive Director; and



*Mr Izak van der Walt, appointed as Acting Chief Financial Officer of Wescoal with effect from 2 September 2015, has been appointed at the AGM as Executive Director Finance.



Both appointments are with immediate effect.



13-Nov-2015
(Official Notice)
Wescoal shareholders are advised that the voting results for the annual general meeting of Wescoal held at the registered offices of the Company on 13 November 2015 were as follows: all resolutions, except for Ordinary Resolution 6, Special Resolution 1 and Special Resolution 3, were passed by the requisite majority of Wescoal shareholders present in person or represented by proxy at the annual general meeting.
13-Nov-2015
(Official Notice)
10-Nov-2015
(Official Notice)
05-Nov-2015
(Official Notice)
21-Oct-2015
(C)
Turnover lowered to R758.1 million (R897.8 million). Gross profit decreased to R97.3 million (R120.4 million). Operating profit also dropped to R18.6 million (R48.4 million). Total comprehensive income attributable to owners fell to R9.8 million (R28.1 million). In addition, headline earnings per share tumbled to 5.1cps (15.2cps).



Dividends

No dividends have been declared for the Period.



Prospects

Wescoal is in the final stages of its stated strategy to bed down the Elandspruit project before embarking on additional major projects. The management team is cognisant of the volatile business environment and believes it is appropriate to consider future projects conservatively and with care.



Wescoal is assessing a number of organic and inorganic growth opportunities. Some of these focus on augmenting the Intibane and Khanyisa resource bases and others on potentially creating a new mining complex. Debottlenecking projects at the processing plant will ultimately increase the throughput capacity of the plant and reduce operating costs. The last phase of the Elandspruit project includes initiatives to reduce operational risk by optimising and upgrading water management and road network systems ? these are considered important given the coming rainy season.



The challenging environment, specifically in the local coal sector, present opportunities for corporate activity. Consolidation in the junior coal sector is part of the natural evolution of the sector and Wescoal sees itself as a significant participant in this process.



While the overall results for the Period are somewhat disappointing, they are understandable in the context of the broader economic climate and delays in concluding Eskom contracts. Earnings per share attributable to the Period (5,3 cents) represents an increase of 960% compared to the 0,50 cents per share attributable to the immediately preceding six month period between 1 October 2014 and 31 March 2015 (15,7 cents per share for full year to 31 March 2015 less 15,2 cents per share for the period ranging from 1 April 2014 to 30 September 2014). Earnings per share attributable to the month of September 2015 was 2,50 cents per share, mainly on the back of the Elandspruit Eskom contract.
16-Oct-2015
(Official Notice)
13-Oct-2015
(Official Notice)
Wescoal shareholders (Shareholders) are referred to the declaration announcement released on SENS on 7 October 2015 (Declaration Announcement), wherein Shareholders were advised that Wescoal intends to raise a maximum of R81 million by way of a renounceable combined claw-back and rights offer (Combined claw-back and rights offer). In terms of paragraph 6 of the Declaration Announcement, the Combined claw-back and rights offer was conditional upon, inter alia, approval by the JSE of:

*the Combined claw-back and rights offer circular and ancillary documents thereto; and

*the listing of the Combined claw-back and rights offer shares.



Shareholders are hereby advised that some conditions precedent to the Combined claw-back and rights offer have not yet been fulfilled.



In light of the above, Shareholders are hereby advised that the finalisation announcement has been withheld for release until further notice. Shareholders will be informed through SENS and South African press (where applicable) as soon as all conditions precedent have been fulfilled and revised dates have been finalised.

07-Oct-2015
(Official Notice)
30-Sep-2015
(Official Notice)
Shareholders are advised that the full Integrated Annual Report (IAR) is available on the company?s website at www.wescoal.com. Shareholders wishing to obtain a printed copy of the IAR can contact:

Izak van der Walt

Acting Chief Financial Officer

+27 11 5705818 or izak@wescoal.com.



The notice of the Wescoal Annual General Meeting and Form of Proxy will be posted to shareholders by no later than 7 October 2015.



This follows the SENS release on 23 June 2015 of Wescoal?s reviewed condensed consolidated results for the financial year ending 31 March 2015



The annual financial statements forming part of the IAR contain no modifications to Wescoal?s published reviewed results.



Annual General Meeting

The Annual General Meeting of shareholders of Wescoal will be held at the company?s registered offices, Unit A3, Isando Business Park, Corner of Gewel and Hulley Roads, Isando, South Africa, on Friday, 13 November 2015 at 10:00 to transact the business as stated in the notice of the Annual General Meeting in the IAR.



The date for shareholders to be recorded on the securities register of the company in order to be able to attend, participate and vote at the Annual General Meeting is Friday, 6 November 2015.
16-Sep-2015
(Official Notice)
Further to SENS announcements released on 9th July and 29th July and 10th September 2015, Wescoal the mining and trading group wishes to update shareholders regarding developments at its flagship Elandspruit project in Mpumalanga.



Wescoal is pleased to report that the Elandspruit project ramp-up is on track and on budget. Since the granting of its water-use license at the end of March 2015, the Elandspruit project has steadily progressed to soon reach its planned production rate of 170 000 tons run of mine per month.



Elandspruit run of mine has been successfully transported and fed into the nearby Wescoal Processing Plant since July. The plant has responded as expected and beneficiated product has met expectations.



Salient features and timetable of Elandspruit?s development progress include the following;

*Water-use license granted on 28 March 2015;

*Mine design completed and preferred service providers identified at the end of May 2015;

*Commencement of site establishment activities and first blast at the end of June 2015;

*First coal removed from box cut and delivered to a dedicated run of mine stockpile on 15 July 2015. Elandspruit run of mine was subsequently successfully transported and beneficiated at the nearby Wescoal Processing Plant;

*Approximately 43 000 tons of run of mine produced during the first month of production;

*First coal from Elandspruit delivered at the end of July 2015 to non-Eskom customers;

*During August Elandspruit produced approximately 83 000 tons of run of mine which was then successfully beneficiated at the Wescoal Processing Plant; and

*During the first week of September 2015 Wescoal concluded a coal supply agreement with Eskom to supply a total of 221 000 tons during September and October 2015.
11-Sep-2015
(Media Comment)
Business Report highlighted that shares in junior coal producer and trading group, Wescoal climbed on news that its flagship project in Mpumalanga had secured a short-term contract to supply coal to Eskom. The Elandspruit colliery and nearby Wescoal processing plant would supply 221 000 tons of coal to Eskom.



The deal follows a short-term contract it had signed in May to supply 190 000 tons of coal to Eskom from its Khanyiswa and Intiman mines.Waheed Sulaiman, Wescoal's acting chief executive, said getting the contract was a milestone after experiencing delays. The company said the conclusion of an Eskom contract for Elandspruit heralded an upturn in mining activity and revenues going forward after delays in finalising Eskom coal supply agreements.
10-Sep-2015
(Official Notice)
Further to SENS announcements released on 9th July and 29th July 2015, Wescoal the mining and trading group wishes to update shareholders regarding developments at its flagship Elandspruit project in Mpumalanga. The Company reported that it has signed a short term contract [STC] with Eskom to supply a total of 221 000 tons of coal from its Elandspruit operations which comprise of the Elandspruit colliery and nearby Wescoal Processing Plant. This follows on STCs signed in the last week of May 2015 for the supply of 190 000 tons of coal from its Khanyisa and Intibane mines.



The conclusion of an Eskom contract for Elandspruit heralds an upturn in mining activity and revenues going forward after delays in finalising Eskom coal supply agreements. Management?s strategy of operating the Wescoal Processing Plant on a marginal profit basis, with feed sourced from other producers has meant that the plant is primed and ready to operate at its current capacity of more than 150 000 feed tons per month. Elandspruit?s run of mine will be trucked 20km to the processing plant where it will be beneficiated to meet Eskom?s quality requirements.
01-Sep-2015
(Official Notice)
Shareholders are advised of the following changes to the board of Wescoal:

*Mr Morn? du Plessis, Chief Financial Officer and executive director of Wescoal has resigned with immediate effect; and

*Mr Izak van der Walt has been appointed as acting Chief Financial Officer of Wescoal with effect from 2 September 2015. Mr van der Walt is a Chartered Accountant and member of the Public Accountants and Auditors Board, with 14 years? experience in the mining resources sector.



A further announcement will be released once the position of Chief Financial Officer has been finalised.

06-Aug-2015
(Official Notice)
The company advised that the board of directors of Wescoal have approved the termination of Exchange Sponsors (Pty) Ltd. as sponsor to the company with effect from 5 August 2015.



Further to the above, the board of directors of Wescoal advised shareholders that Nedbank Corporate - Investment Banking, a division of Nedbank Ltd., has been appointed as Sponsor to the company with effect from the same date.
29-Jul-2015
(Official Notice)
Further to the SENS announcement on 9th July 2015, Wescoal wishes to update shareholders regarding operations at its Elandspruit mine in Mpumalanga. The Company is pleased to report that it has delivered ?first coal? from Elandspruit?s operations as planned. The coal was successfully processed at its nearby beneficiation plant. The beneficiated product was in line with expectations and sales to customers in the domestic and export markets have commenced. Site establishment and project start- up activities were concluded within budget and without any safety incidents.



Wescoal?s mining division is on track to produce approximately three hundred and thirty five thousand tons of Run of Mine per month during the final quarter of the current financial year. This is equivalent to approximately four million tons of Run of Mine on an annualised basis.
16-Jul-2015
(Official Notice)
Shareholders are advised that Wescoal has successfully negotiated the annual wage agreement with NUMSA announcing a 7% increase in basic salaries effective 1 April 2015. The agreement concludes Wescoal?s annual wage negotiations for the current operating year with the exception of Production Bonuses which are reviewed regularly, based on performance.



The agreement also sees the introduction of medical benefits for all employees from 1 July 2015 and a Taxi Transport allowance retrospective to 1 April 2015. Leave pay terms and conditions have also been revised.
09-Jul-2015
(Official Notice)
Wescoal Mining (Pty) Ltd. appointed Diesel Power Open Cast Mining (Pty) Ltd. as the mining contractor for its new Elandspruit Mine in Mpumalanga. Mining activities have commenced and Elandspruit will produce its first Run of Mine during July 2015. The mining division is on track to produce approximately three hundred and thirty five thousand tons of Run of Mine per month during the final quarter of the current financial year. This is equivalent to approximately four million tons of Run of Mine on an annualised basis.
23-Jun-2015
(C)
Revenue shot up to R1.7 billion (R1.1 billion) and gross profit grew to R219.6 million (R125.5 million). Operating profit decreased to R46.2 million (R118.9 million). Profit attributable to owners plummeted to R29.0 million (R69.0 million). Furthermore, headline earnings per share rose to 15.4 cents per share (15.2 cents per share).



Dividend

The board has decided not to declare a final dividend, opting to use cash to develop its mining assets.



Prospects

Wescoal Trading experienced a good trading year, but management envisages that the coming 12 months will be challenging as competition increases, load shedding impacts the business and the state of the steel sector in South Africa comes under pressure with already reduced orders for coal being experienced.



Wescoal Mining will evolve the long-term strategy around the Eskom requirements of 50%+ HDSA ownership to ensure finalisation of long-term coal supply contracts. Management remains cognisant of the fact that currently 80% of Wescoal reserves are of the Eskom-type of resource and therefore holds the view that most of Wescoal's business will continue to be built around Eskom. Additional avenues of coal supply are being explored as part of an assessment of the business's long-term strategy and risk management.



The new management team is committed to a continual review of business systems and risks and managing these in alignment with best practice. The omission of the recordal of a rehabilitation liability at a previous operation was identified and is being resolved. The management team feels that this review is prudent and will ensure that going forward, Wescoal is sustainable not only with regard to life of mine but also operates in line with best practices.
19-Jun-2015
(Official Notice)
Shareholders are advised that the company expects, with reasonable certainty that the earnings per share for the year ended 31 March 2015 to be between 14 and 16 cents per share compared to 40 cents per share for the comparative period which is a decrease in earnings of between 60% and 65%.



In this context it must be noted that the earnings per share for the year ended 31 March 2014 included the profit on the sale of the Vlaklaagte reserve.



The earnings have been achieved despite a very challenging business environment especially in the latter quarter of the financial year and specifically the lack of long term Eskom contracts which impacted negatively on the profitability of Wescoal Mining. Wescoal Trading?s results have adversely been affected by significant increases in doubtful debt provisions to cater for debtors defaulting. .



The results are further affected by the impact of costs related to the settlement of mediated exit packages.



Shareholders are also advised that a rehabilitation liability relating to a washing plant previously owned and operated by Wescoal pre 2011 was not recorded in the historical accounts and the liability has now materialised. The transaction has been recorded as a prior year adjustment. The impact of this adjustment on opening retained earnings is approximately R12 million net of tax.



The company`s financial results for the year ended 31 March 2015 are expected to be released on 23 June 2015.
19-Jun-2015
(Official Notice)
Shareholders are referred to the Sens announcement dated 25 March 2015 in which it was announced that the Company has received a requisition from certain shareholders requesting a general meeting to propose the election of two persons, nominated by the requisitionists, as non- executive directors to the board of Wescoal.



Shareholders are advised that the Company has agreed with the requisitionists that the election of non-executive directors to the board of Wescoal will be dealt with at the annual general meeting of the Company.
11-Jun-2015
(Official Notice)
03-Jun-2015
(Official Notice)
Shareholders are advised that following a JSE enquiry into the minimum contents of annual reports required by section 12 of the JSE Listings Requirements, an updated Resource Statement has been published on its website.



Please follow the following steps: Navigate to www.wescoal.com , select OUR BUSINESS from the menu on the home page and select ?Resources Statement? from the drop down menu.
07-Apr-2015
(Official Notice)
Shareholders are referred to the various SENS announcement released regarding the Elandspruit Mining Right and the board of directors are pleased to announce that a water usage license has been secured for the Elandspruit Mining Right.
31-Mar-2015
(Official Notice)
Shareholders are advised that Mr Andre Boj? has by mutual agreement resigned as Chief Executive Officer (?CEO?) and director of Wescoal with effect from 14 April 2015.



Mr Waheed Sulaiman has been appointed as the acting CEO. The board of directors will meet on 1 April 2015 to commence the process of identifying a new CEO.
25-Mar-2015
(Official Notice)
Further to reports in the media in relation to the process that was followed in respect of the recent letter of intent from a major international Group as detailed in SENS announcements dated 12 December 2014, 29 January 2015 and 24 February 2015, the board would like to reiterate that the process was managed by independent members of the board. The discussions with the international Group were terminated by Wescoal as certain conditions could not be met.



The company would like to reconfirm its previously stated position regarding black economic empowerment (?BEE?) and the desire to increase the BEE shareholding in Wescoal to above 50%. The Wescoal board of directors has appointed an advisor to assist on achieving this goal.



Shareholders are advised that the company has received a requisition from certain shareholders requesting a general meeting to propose the election of two persons, nominated by the requisitionists, as non-executive directors to the board of Wescoal. The board is currently considering this requisition and will comply with the provisions of the Companies Act. A further announcement will be made in due course.
24-Feb-2015
(Official Notice)
Shareholders are referred to the cautionary announcement dated 12 December 2014 and the renewal on 29 January 2015 and are advised that discussions with the international group have been terminated. Shareholders no longer need to exercise caution when dealing in the company?s securities.
13-Feb-2015
(Official Notice)
Shareholders are referred to the announcement dated 19 November 2014 regarding the acquisition of the Sarie Marais Prospecting Right from Catwalk Investments (Pty) Ltd. Shareholders are advised that the outstanding condition precedent being the Section 11 transfer of the Sarie Marais Prospecting Right has been fulfilled and the acquisition has become unconditional in all respects.

02-Feb-2015
(Official Notice)
In compliance with section 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that Mr Waheed Sulaiman has been appointed to the Wescoal board as an Executive Director ? Commercial and Strategy with effect from 1 February 2015.



Waheed holds a BSc Chemical Engineering and a BCom degree. He has been employed in various senior positions at BHP Billiton Energy Coal South Africa (?BECSA?) since 2003. His last position was Senior Manager of Strategy and Business Development at BECSA. Waheed holds directorships in various Companies and Trusts, including the Richards Bay Coal Terminal.
29-Jan-2015
(Official Notice)
Shareholders are referred to the cautionary announcement dated 12 December 2014 and are advised to continue exercising caution when dealing in the company?s securities.
20-Jan-2015
(Official Notice)
In compliance with section 3.59 of the Listings Requirements of the JSE Ltd., shareholders are advised that CIS Company Secretaries (Pty) Ltd. has been appointed as company secretary of Wescoal with effect from 19 January 2015.
17-Dec-2014
(Official Notice)
Shareholders are advised that Mrs I de Wet has resigned as company secretary of Wescoal with effect from 31 December 2014.
12-Dec-2014
(Official Notice)
Shareholders are referred to the cautionary announcement dated 27 November 2014. As those discussions had been terminated, that cautionary announcement is hereby withdrawn. Shareholders are however advised that the board of directors of Wescoal (?the board?) has received a letter of intent from a major international Group (?the Group?) to acquire all the issued shares of Wescoal. The board has entered into discussions with the Group. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.
27-Nov-2014
(Official Notice)
Shareholders are advised that Wescoal has entered into discussions, which if successfully concluded, may have an effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.

19-Nov-2014
(Official Notice)
Wescoal Mining (Pty) Ltd. ("Wescoal Mining" or "the Purchaser"), a wholly owned subsidiary of Wescoal, announced that it has concluded an agreement with Catwalk Investments (Pty) Ltd. ("Catwalk") on 18 November 2014 for the acquisition of the Sarie Marais Prospecting Right and the consent to undertake box cut mining, as described below, from Catwalk ("the acquisition"), subject to certain terms and conditions.



The Sarie Marais Prospecting Right

The Sarie Marais Prospecting Area comprises the Remaining Extent of Portion 19, Portions 9, 18,33,34,40,41,42,66, and Portions of Portion 96, 97, 99 and the Remaining Extent of the farm Heuvelfontein 215 IR, Mpumalanga Region, Mpumalanga Province, South Africa. The Sarie Marais Prospecting Right means the notarial prospecting right in respect of coal in, on and under the Sarie Marais Prospecting Area, held by Catwalk with reference number MP30/5/1/1/2/1500PR dated 12 September 2007, granted by the minister of Mineral Resources and registered in the Mining Titles Office on 2 October 2007 under MPT No. 50/2012.



Terms and conditions of the acquisition

* Wescoal Mining has purchased the Sarie Marais Prospecting Right from the Seller which has consented to Wescoal Mining undertaking box cut mining on the prospecting right and to use the existing box cuts.

* The purchase price for the Sarie Marais Prospecting Right is R4 600 000 excluding VAT.

* The consideration for the box cut consent is R10 000 000 excluding VAT.

* The Seller has provided the Purchaser with warranties that are customary in transactions of this nature.

* The acquisition is subject to the fulfilment of inter alia the condition precedent that the Minister consenting to the transfer of the Sarie Marais Prospecting Right by the Seller to the Purchaser in terms of Section 11 of the Mineral and Petroleum Resources Development Act, No 28 of 2002.
04-Nov-2014
(C)
Revenue soared to R897.8 million (R465.7 million). Gross profit more than doubled to R120.4 million (R53.9 million), while operating profit decreased to R48.4 million (R98 million). Net attributable profit lowered to R28.1 million (R58.8 million). In addition, headline earnings per share increased to 15.2cps (11.4cps).



Dividends

No dividends have been declared for the interim period.



Prospects

There is immense excitement with regard to production starting at Elandspruit early in 2015 that secures a life of mine at this operation in excess of 15 years. Coupled with production at the Muhanga coal processing plant, Wescoal will be in a position to service existing and potential customers immediately as well as derive earnings from this acquisition.



There is a probability that Khanyisa's life of mine can be further extended into 2017 by acquiring adjacent mineral rights with far-reaching effect on results going forward. Wescoal management will inform shareholders as these negations progress.



With the integration of MacPhail into Wescoal Trading, we believe the division will go from strength to strength and we aim for even greater customer diversification.



Wescoal management will continue to build on the base of the trading division servicing the domestic market together with a mining division - a combination which warrants that Wescoal has sufficient product and diversity to ensure sustainability into the future. Marketing efforts have ensured brand recognition and visibility and have resulted in greater sales and this marketing drive is set to continue.
31-Oct-2014
(Official Notice)
Wescoal shareholders are advised that the company has concluded a financing facility with Investec Bank Ltd., acting through its Corporate and Institutional Banking division ("Investec"), whereby Investec has provided Wescoal with a R180 million five year term loan and a R20 million five year working capital facility, subject to fulfilment of conditions precedent customary for a financing of this nature.

* R70 million will be used to retire the current Investec term facility;

* R110 million will be used for commissioning of the Elandspruit Colliery, including the acquisition of the Mahunga plant, mine operational infrastructure, surface rights and production start-up costs; and

* the working capital facility of R20 million is available for general purposes.
27-Oct-2014
(Official Notice)
Shareholders are advised that the company expects, with reasonable certainty, that the headline earnings for the six months ended 30 September 2014 to be between 14.2 and 15.5 cents per share which is an increase of between 25% and 36% if compared to 11.4 cents per share for the comparative period. It is expected that the earnings per share for the six months ended 30 September 2014 to be between 14.2 and 15.5 cents per share, which is a decrease of between 58% and 62% if compared to 37.2 cents per share for the comparative period.



The large decrease in earnings per share when compared to those reported for the previous corresponding period is due to a profit of R71 million relating to the sale of the Vlaklaagte mineral asset included in the prior period. The company's financial results for the six months ended 30 September 2014 are expected to be released on 4 November 2013.
21-Oct-2014
(Official Notice)
Shareholders are advised that, at the annual general meeting of Wescoal, all the resolutions as set out in the notice of annual general meeting were passed by the requisite majority of shareholders. The number of shares voted in person or by proxy was 113 427 911 representing 58.08% of the total issued share capital of the same class of Wescoal.
20-Oct-2014
(Official Notice)
Operational update

Wescoal Mining has produced 942 291 tons of coal for the six months ended 30 September 2014, a 5% increase compared to the prior period (2013: 895 185 tons). The Trading division sold 625 949 tons for the six months ended 30 September 2014, a 187% increase compared to the prior period (2013: 217 831) which excludes the MacPhail acquisition. On 7 August 2014, Wescoal announced the acquisition of the Intibane Phase 2, an extension of the existing Intibane operations to end of 2016. Negotiations are continuing for extensions to the existing Khanyisa mining operations and management is confident of a successful conclusion to these negotiations.



Group directors have been in consultation with the regulatory authorities as to the delay in the issue of the Elandspruit water use licence and are confident the procedural delays have been addressed allowing for the issue of the licence in due course.



Trading update

In terms of paragraph 3.4 (b) of the JSE Ltd. ("JSE") Listings Requirements, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from the previous corresponding period.



Accordingly, a review of the financial results for the six months ended 30 September 2014 by management has indicated that the headline earnings per share are expected to increase by more than 20% when compared to those reported for the previous corresponding period. Basic earnings per share are expected to decrease by more than 50% when compared to those reported for the previous corresponding period due to a profit of R71 million relating to the sale of the Vlaklaagte mineral asset included in the prior period At this time, Wescoal is unable to quantify, with reasonable certainty, the expected headline earnings per share or earnings per share for the six months ended 30 September 2014.



A further trading statement will be published once the company has more certainty with regards to its financial results for the six months ended 30 September 2014.



The financial information on which this trading statement is based has not been reviewed or reported on by Wescoal`s auditors. The Company's financial results for the six months ended 30 September 2014 are expected to be released on 4 November 2014.

13-Oct-2014
(Official Notice)
Shareholders are referred to the announcement dated 10 October 2014, in which it was announced that, the acquisition by Wescoal Mining (Pty) Ltd. ("Wescoal Mining") of the business of Muhanga Mines (Pty) Ltd. ("Muhanga"), has become unconditional in all respects.



Wescoal would like to clarify that as announced in the detailed Sens announcement dated 24 June 2014 the acquisition relates exclusively to the acquisition by Wescoal Mining of Muhanga's coal processing plant located on the farm Goedehoop and certain assets and liabilities directly relating to that plant. No other assets or businesses of Muhanga was purchased by Wescoal Mining.
10-Oct-2014
(Official Notice)
Shareholders are referred to the announcements dated 7 July 2014 and 23 June 2014 regarding the acquisition by Wescoal Mining Pty Ltd of the business of Muhanga Mines Pty Ltd (Muhanga acquisition). Shareholders are advised that the Muhanga acquisition has become unconditional in all respects.
19-Sep-2014
(Official Notice)
Shareholders are advised that Wescoal has on 19 September 2014, posted to shareholders summarised financial information as contained in the Company's Integrated Annual Report for the financial year ended 31 March 2014, the notice of the Annual General Meeting and Form of Proxy. The summarised financial information contains no changes to the provisional results released on SENS on 24 June 2014.



The Integrated Annual Report incorporating the complete set of audited annual financial statements, the external auditor's report, Wescoal's audit committee and directors' reports for the financial year ended 31 March 2014, is available on Wescoal?s website at www.wescoal.com



Notice of AGM

Notice was given that the Annual General Meeting of the Company will be held at 10:00 on Tuesday, 21 October 2014 at the registered office of Wescoal, Unit A3, Isando Business Park, Corner of Gewel and Hulley Road, Isando, South Africa to transact the business as stated in the notice of the Annual General Meeting, which is contained in the Integrated Annual Report.
01-Sep-2014
(Official Notice)
Shareholders are advised that Mr Wiseman Khumalo has resigned from the Wescoal board as an executive director with effect from 30 November 2014. Wiseman has decided to further his studies at Harvard Business School.
07-Aug-2014
(Official Notice)
Wescoal entered into an agreement with Mintirho Mining (Pty) Ltd. ("Mintirho Mining") ("the Seller") on 6 August 2014 to purchase a Mining Right ("Intibane Phase 2") from Mintirho Mining ("the acquisition").



The Mining Right

The Mining Area comprises the area described as Portion 2 of the farm Vlakvarkfontein 213 IR measuring 1 701 362 hectares in extent, situated in the Magisterial District of Delmas, Mpumalanga, South Africa. The Mining Right means the right to mine for coal in, on and under the Mining Area, held by Mintirho with reference number MP30/5/1/2/2/476MR to be registered in the Mining Titles Office in respect of coal in, on and under the Mining Area, which Mining Right is to be transferred from Mintirho to Wescoal Mining.



Terms and conditions of the acquisition

Wescoal Mining entered into an agreement to purchase the Mining Right from the Seller for a cash payment of R7. 98 million inclusive of VAT. The acquisition is subject to the fulfilment of inter alia the following conditions precedent :

* by no later than 30 September 2014, the approval of the Environmental Management Programme by the Minister and the execution of the Notarial Contract pertaining thereto; and

* by no later than 31 October 2014, the approval by the Minister of the unconditional transfer of the Mining Right by Mintirho to Wescoal Mining.



Pro forma financial effects

The pro forma financial effect of the acquisition on the earnings, headline earnings, net assets and net tangible assets per share of Wescoal are below 3% and are considered insignificant.
14-Jul-2014
(Official Notice)
Shareholders are advised that all the resolutions to approve the Second Minoscape acquisition and specific issue of shares were passed by the requisite majorities of votes of shareholders present and represented by proxy.
07-Jul-2014
(Official Notice)
Shareholders are referred to the SENS announcements dated 9 May 2014, 6 March 2014 and 28 November 2013 and the circular posted to shareholders on 9 June 2014 regarding the Minoscape acquisitions. Shareholders were advised in the SENS announcement dated 9 May 2014 that revised pro forma financial effects based on the results for the year ended 31 March 2014 would be released.



Revised financial effects

The pro forma financial effects of the Second Minoscape acquisition and specific repurchase on Wescoal shareholders set out below are based on the reviewed results of Wescoal for the year ended 31 March 2014.

Before - after:

* Earnings per share (cents): 41 - 49.2

* Diluted earnings per share (cents): 40.2 - 48.2

* Headline earnings per share (cents): 15.7 - 14.4

* Diluted headline earnings per share: 15.4 - 14.1

* Net asset value per share (cents): 147.87 - 146

* Tangible net asset value per share (cents): 87.41 - 78.77

* Weighted average number of shares in issue ('000): 170 067 - 172 396

* Diluted Weighted average number of shares in issue ('000): 173 484 - 175 813

* Total shares in issue ('000): 184 771 - 180 485

07-Jul-2014
(Official Notice)
Shareholders are advised that caution is no longer required to be exercised by shareholders when dealing in Wescoal's securities.
07-Jul-2014
(Official Notice)
Shareholders are referred to the SENS announcements dated 24 June 2014 regarding the Muhanga acquisition.



Financial effects

Below are the financial effects of the Muhanga acquisition. The pro forma financial effects of the Muhanga acquisition on Wescoal shareholders set out below are based on the reviewed results of Wescoal for the year ended 31 March 2014.

Before - after acquisition:

* Earnings per share (cents): 41 - 40.1

* Diluted earnings per share (cents): 40.2 - 39.3

* Headline earnings per share (cents): 15.7 - 14.8

* Diluted headline earnings per share: 15.4 - 14.5

* Net asset value per share (cents): 147.87 - 147.81

* Tangible net asset value per share (cents): 87.41 - 87.41

* Weighted average number of shares in issue ('000): 170 067 - 170 067

* Diluted Weighted average number of shares in issue ('000): 173 484 - 173 484

* Total shares in issue ('000): 184 771 - 184 771.
25-Jun-2014
(Media Comment)
Business Day reported that Wescoal, a coal mining and trading company, reported annual revenue of more than R1 billion for the first time and posted a four-fold increase in profit. Wescoal CEO Andre Boje said the results depict a solid performance despite some challenges which arose in the second half of the financial year, including reduced takeoff from Eskom and the integration of MacPhail into the trading division.
24-Jun-2014
(Official Notice)
Shareholders are advised to exercise caution in dealing in the company's securities on the JSE until such time as the financial effects of the acquisition are published.
24-Jun-2014
(Official Notice)
24-Jun-2014
(C)
Revenue shot up to R1.1 billion (R676.9 million) and gross profit grew to R125.5 million (R72.7 million). Operating profit multiplied to R118.9 million (R27.7 million). Profit attributable to owners jumped to R69.8 million (R19.7 million). Furthermore, headline earnings per share rose to 15.7 cents per share (12.2 cents per share).



Dividend

The board has declared a final gross dividend of 3.8 cents per share in respect of the year ended 31 March 2014 payable to shareholders recorded in the register of the company at the close of business on the record date.



Prospects

There is a probability that both Khanyisa and Intibane life of mine can be extended into 2017 by acquiring adjacent mineral rights with far reaching effect on results going forward.



The Elandspruit transaction with Glencore Xstrata became unconditional on 2 August 2013 and management is progressing the required environmental authorisations in terms of the National Environmental Management Act, National Water Act, National Environmental Management: Waste Act and National Heritage Resources Act. Wescoal has commenced negotiations with surface right owners and has concluded the majority of the agreements to acquire these surface rights. These processes are expected to be complete during the latter half of 2014 following which the commissioning of the Elandspruit mine will commence with production expected to attain 200 000 tons per month by the last quarter of 2015.



The board has approved future capex of R170 million for the commissioning of the Elandspruit Colliery including the acquisition of an existing plant, mine operational infrastructure, surface rights and production start up costs.



Further synergy savings and margin enhancement initiatives are expected from the trading division that will have a positive effect on the group as a whole



Major coal producers are reviewing mineral assets on an on-going basis and will dispose of non-core operations. This could potentially bring opportunity for Wescoal to further enhance it's asset base and sustainability.
20-Jun-2014
(Official Notice)
Shareholders are advised that the company expects, with reasonable certainty, that the earnings per share for the year ended 31 March 2014 to be between 36 and 42 cents per share compared to 12.5 cents per share for the comparative period and headline earnings for the year ended 31 March 2014 to be between 14 and 16 cents per share compared to 12.2 cents per share for the comparative period.



Headline earnings per share have been adjusted for an after tax profit on the sale of the Vlaklaagte Prospecting right. The Company's financial results for the year ended 31 March 2014 are expected to be released on 24 June 2014.
09-Jun-2014
(Official Notice)
Shareholders were advised that the circular, incorporating a notice of a general meeting to be held at 10h00 on Monday, 14 July 2014 at Unit 3A Isando Business Park, Cnr Hulley and Gewel Streets, Isando has been mailed to shareholders on 9 June 2014.



The notice of meeting contains proposed resolutions relating to inter alia the acquisition by Wescoal Mining (Pty) Ltd. of the remaining 70% of the total issued share capital of Proudafrique Trading (Pty) Ltd. from Minoscape (Pty) Ltd. for R25.6 million and a royalty fee of R3.50 per ton of saleable coal mined at the Elandspruit Mining Area and the specific repurchase of 14 285 714 shares. A copy of the circular and the Competent Persons Report are available on the company's website www.wescoal.com.
09-May-2014
(Official Notice)
Shareholders are advised that caution is no longer required to be exercised by shareholders when dealing in Wescoal's securities.
09-May-2014
(Official Notice)
09-May-2014
(Official Notice)
Shareholders are referred to the SENS announcements dated 6 March 2014 and 28 November 2013 regarding the Minoscape acquisitions.



Specific repurchase of shares

As a consequence of the Vlaklaagte disposal and Elandspruit acquisition, 14 285 714 Wescoal ordinary shares were issued to Proudafrique at 70 cents per share in terms of a specific issue of shares as detailed in the circular sent to shareholders on 15 January 2013 and approved by shareholders on 14 February 2013.



The Minoscape acquisitions will result in Wescoal owning 100% of Proudafrique, resulting in a specific repurchase of shares by Wescoal. The attributed price from an accounting point of view for the specific repurchase was 200 cents per share, payable by a combination of shares and cash.



The general meeting to approve the specific repurchase is expected to be on 27 June 2014.



The intention is to repurchase these shares on 30 June 2014 and de-list these shares on 1 July 2014 once the resolution to approve the specific repurchase has been approved by shareholders.



Financial effects

The financial effects of the Minoscape acquisition and specific repurchase are detailed in the relevant SENS note.



Update on the circular

The circular in respect of the Minoscape acquisition and specific repurchase is expected to be posted to shareholders by the 21 May 2014. Shareholders will be notified once this circular has been posted.
06-May-2014
(Official Notice)
Mr Morn? Du Plessis has been appointed as acting chief financial officer with effect from 1 July 2014.
17-Apr-2014
(Official Notice)
Mr Piet Janse van Rensburg has resigned from the Wescoal board as Chief Financial Officer effective 30 June 2014. The company will commence a process to identify a suitable successor. A further announcement will be made as soon as a successor has been appointed.
06-Mar-2014
(Official Notice)
Shareholders are referred to the SENS announcement dated 28 November 2013 regarding the Minoscape acquisition. The circular in respect of the Minoscape acquisition is expected to be posted to shareholders by the end of April 2014. Shareholders will be notified once this circular has been posted.
15-Jan-2014
(Official Notice)
Shareholders are referred to the SENS announcement dated 28 November 2013 regarding the Minoscape (Pty) Ltd. acquisition ("Minoscape acquisition") are advised to continue exercising caution in dealing in the company's securities on the JSE until such time as the financial effects of the Minoscape acquisition are published.
17-Dec-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 5 October 2012, 24 June 2013 and the circular issued to shareholders on 15 January 2013 relating to an application served on Wescoal, Wescoal Exploration (Pty) Ltd. ("Wescoal Exploration") , Wescoal Mining (Pty) Ltd. ("Wescoal Mining"), Minoscape (Pty) Ltd. ("Minoscape"), Proudafrique Trading 147 (Pty) Ltd. ("Proudafrique") and three other respondents by Johannes Cornelius Van Der Westhuizen ("Van Der Westhuizen"), being the minority shareholder in Proudafrique :

* to set aside the shareholders agreement concluded between Proudafrique and Wescoal Exploration on 7 October 2007;

* to set aside the agreement concluded between Wescoal Exploration, Wescoal Mining and Proudafrique in terms whereof the Vlaklaagte Prospecting Right was transferred from Wescoal Exploration to Wescoal Mining; and

* for the Vlaklaagte, Verblyden and Silverbank Rights to be retransferred to Proudafrique.



The application was opposed by Wescoal, Wescoal Exploration, Wescoal Mining and Minoscape. Shareholders are advised that Van Der Westhuizen has formally withdrawn the above legal proceedings.
28-Nov-2013
(Official Notice)
Shareholders are advised to exercise caution in dealing in the company?s securities on the JSE until such time as the financial effects of the Minoscape acquisition are published.
28-Nov-2013
(Official Notice)
Wescoal currently only owns 60% of Wescoal Exploration (Pty) Ltd (Wescoal Exploration) via its wholly owned subsidiary Wescoal Mining (Pty) Ltd (Wescoal Mining). The shareholder of the 40% remaining issued shares of Wescoal Exploration is Proudafrique Trading 147 (Pty) Ltd (Proudafrique). An opportunity has arisen for Wescoal to purchase all the issued shares of Proudafrique, thereby indirectly acquiring the remaining 40% shareholding in Wescoal Exploration.



The acquisition of Proudafrique will enable Wescoal to effectively own 100% of Wescoal Exploration and the two coal reserves of Silverbank and Verblyden. Shareholders will be notified once the circular in respect of the Minoscape acquisition has been posted to shareholders.
11-Nov-2013
(Official Notice)
Capitalised terms used and not otherwise herein defined, have the meanings ascribed thereto in the Previous Announcement. Shareholders are referred to the SENS announcements dated 21 June 2013, 13 June 2013, 13 August 2013, 16 September 2013 and 1 November 2013 ("Previous Announcement") where shareholders were advised that Chandler, a wholly owned subsidiary of Wescoal, has acquired a coal trading business from MacPhail ("the MacPhail acquisition") as well as the properties acquisition (jointly referred to as "the acquisitions") subject to certain suspensive conditions.



Shareholders are advised that the Competition Commission has unconditionally approved the acquisitions. All the suspensive conditions to the acquisitions have been fulfilled and the acquisitions are therefore unconditional.
04-Nov-2013
(C)
Revenue increased to R465.7 million (R351.4 million). Gross profit rose to R53.9 million (R37.1 million) and operating profit soared to R98 million (R17 million). Net attributable profit more than quadrupled to R58.8 million (R10.7 million). In addition, headline earnings per share surged to 11.4cps (6.9cps).



Outlook

Intibane Colliery was commissioned during June 2013 and the increased contribution during the second half of the financial year should lead to increased volumes to March 2014.



The Elandspruit transaction with Glencore Xstrata became unconditional on 2 August 2013 and management is progressing the required environmental authorisations in terms of the National Environmental Management Act, National Water Act, National Environmental Management: Waste Act and National Heritage Resources Act and has commenced negotiations with surface right owners. These processes are expected to be completed during the first half of 2014 following which the commissioning of the Elandspruit mine will commence with production expected to begin during the last quarter of 2014.



The only outstanding condition on the acquisition of MacPhail Distributors is Competition Commission approval. This approval is expected before the middle of November 2013. The integration of the two trading units will begin immediately after the transaction becomes unconditional. This will fundamentally enhance the trading division adding to volumes, revenue, management and group profitability. Funding for the transaction has been secured from Investec Bank.



Major coal producers are reviewing all mineral assets on an ongoing basis and will dispose of non-core operations. This could potentially bring opportunity for Wescoal to further enhance it's asset base and sustainability.
01-Nov-2013
(Official Notice)
Shareholders are advised that, at the General Meeting of Wescoal shareholders held today to approve the Macphail and Properties acquisition, all the resolutions were passed by the requisite majorities of votes of shareholders present and represented by proxy.



The only outstanding condition on the acquisition of MacPhail is Competition Commission approval, which is expected before the middle of November 2013.
30-Oct-2013
(Official Notice)
Shareholders are referred to the various announcements regarding the MacPhail acquisition and the Properties acquisition ("the acquisitions"). Shareholders are advised that Wescoal and its subsidiary Blanford, have secured funding for an amount of R79 million from Investec Bank for the acquisitions. Wescoal's subsidiaries, Chandler Coal and Wescoal Mining, have secured an amount of R100 million from Reichmans (Pty) Ltd. to fund the working capital requirements of the acquisitions.
28-Oct-2013
(Official Notice)
Shareholders are referred to the SENS announcement released on 11 October 2013.



Shareholders are advised that the company expects, with reasonable certainty, that the earnings per share for the six months ended 30 September 2013 to be between 35 and 38 cents per share compared to 6.8 cents per share for the comparative period and headline earnings for the six months ended 30 September 2013 to be between 10 and 12 cents per share compared to 6.9 cents per share for the comparative period.



Headline earnings per share have been adjusted for an after tax profit of R58.6 million on the sale of the Vlaklaagte Prospecting right.



The company's financial results for the six months ended 30 September 2013 are expected to be released on 4 November 2013.
21-Oct-2013
(Official Notice)
Capitalised terms used and not otherwise herein defined, have the meanings ascribed thereto in the Previous Announcement.

Shareholders are referred to the various announcements regarding the acquisition by Chandler Coal, a wholly owned subsidiary of Wescoal, of the business and certain assets of MacPhail distributors Pty Ltd (MacPhail acquisition) and the acquisition by Blanford 006 Pty Ltd, a wholly owned subsidiary of Wescoal, of four properties from FSW Property Trust (Properties acquisition).



The dates for satisfaction of the remaining suspensive conditions pertaining to the MacPhail acquisition have been extended by agreement between MacPhail and Chandler Coal as follows:

*by no later than 18 November 2013 (previously 20 October 2013), approval of the MacPhail acquisition by Wescoal shareholders;

*by no later than 13 November 2013 (previously 30 October 2013), approval of the MacPhail acquisition by Competition Commission.



Shareholders will be updated once the MacPhail acquisition becomes unconditional.
16-Oct-2013
(Official Notice)
Shareholders are advised that, at the Annual General Meeting of Wescoal shareholders held today, 16 October 2013, all the resolutions were passed by the requisite majorities of votes of shareholders present and represented by proxy.
11-Oct-2013
(Official Notice)
Wescoal Mining has produced 895 185 tons of coal for the six months ended 30 September 2013, a 39% increase compared to the prior period (2012: 643 486 tons). The Trading division sold 217 831 tons for the six months ended 30 September 2013, a 13% decrease compared to the prior period (2012: 250 127). The Intibane Colliery is now fully operational and management is confident that current production volumes can be maintained for the next six months.



Trading update

A review of the financial results for the six months ended 30 September 2013 by management has indicated that the earnings per share and headline earnings per share are expected to increase by more than 20% when compared to those reported for the previous corresponding period. At this time, Wescoal is unable to quantify, with reasonable certainty, the expected headline earnings per share ("HEPS") or earnings per share ("EPS") for the six months ended 30 September 2013.



A further trading statement will be published once the company has more certainty with regards to its financial results for the six months ended 30 September 2013.



The Company's financial results for the six months ended 30 September 2013 are expected to be released on 4 November 2013.
08-Oct-2013
(Official Notice)
Shareholders are referred to:

*Wescoal's Integrated Report posted on the Company's website on 16 September 2013; and

*the Summarised Report printed and mailed to shareholders on 16 September 2013.



Both documents contain a Notice of Annual General Meeting which is to take place on 16 October 2013.



The Notice contains the wording of various resolutions to be proposed at the meeting. Special resolution number 1 proposes that the remuneration of Non-executive directors for the year ending 31 March 2014, until the next AGM, be a monthly retainer of NIL. That is an error and should have read R7 500 per month.



At the AGM it will therefore be proposed that Special resolution number 1 be amended to read that it be approved that the remuneration of Non-executive directors for the year ending 31 March 2014, until the next AGM, be R7 500 per month.
07-Oct-2013
(Official Notice)
Shareholders are referred to the various announcements regarding the acquisition by Chandler, a wholly owned subsidiary of Wescoal, of the business and certain assets of MacPhail distributors (Pty) Ltd. and the acquisition by Blanford 006 (Pty) Ltd., a wholly owned subsidiary of Wescoal, of four properties from FSW Property Trust.



Shareholders are advised that Wescoal has posted the circular in this regard to shareholders.



Notice is hereby given that the General Meeting of the Company will be held at 10:00 on Friday, 1 November 2013 at the registered office of Wescoal, 228 Voortrekker Street, Krugersdorp, South Africa.
02-Oct-2013
(Official Notice)
01-Oct-2013
(Official Notice)
Shareholders are advised that Mrs Ilze de Wet has been appointed as company secretary with effect from today. She will also be responsible for all internal legal and compliance services. She replaces JW Walters as company secretary.
16-Sep-2013
(Official Notice)
Capitalised terms used and not otherwise herein defined, have the meanings ascribed thereto in the previous announcement. Shareholders are referred to the SENS announcements dated 21 June 2013, 13 June 2013 and 13 August 2013 (Previous Announcement) where shareholders were advised that Chandler, a wholly owned subsidiary of Wescoal, has acquired a coal trading business from MacPhail subject to certain suspensive conditions. Shareholders are advised that:

*MacPhails shareholders approved the disposal by special resolution;

*The application to the Competition Authorities has been lodged; and

*Chandler and Blanford have secured the funding for the acquisitions.



The remaining outstanding suspensive conditions are inter alia the following:

*approval of the acquisitions by Wescoal shareholders;

*all the necessary regulatory approvals, including JSE Ltd. and Competition Commission approvals for the acquisition.



Shareholders will be advised as soon as the circular has been posted to shareholders and the remaining suspensive conditions to the acquisitions have been fulfilled.
16-Sep-2013
(Official Notice)
Shareholders were advised that Wescoal posted to shareholders summarised financial information as contained in the company's Integrated Annual Report for the financial year ended 31 March 2013, the notice of the Annual General Meeting and Form of Proxy. The summarised financial information contains no changes to the provisional results released on SENS on 24 June 2013.



The Integrated Annual Report incorporating the complete set of audited annual financial statements, the external auditor's report, Wescoal's audit committee and directors' reports for the financial year ended 31 March 2013, is available on Wescoal's website at www.wescoal.com



Notice was given that the Annual General Meeting of the company will be held at 10:00 on Wednesday, 16 October 2013 at the registered office of Wescoal, 228 Voortrekker Street, Krugersdorp, South Africa to transact the business as stated in the notice of the Annual General Meeting, which is contained in the Integrated Annual Report.
13-Aug-2013
(Official Notice)
02-Aug-2013
(Official Notice)
Shareholders were referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012, 8 November 2012, 21 December 2012, 14 February 2013, 26 February 2013, 6 May 2013 and 31 May 2013 ("Previous Announcements") and the circular dated 15 January 2013 ("Circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions").



Shareholders were advised that the Transactions have become unconditional in all respects.
11-Jul-2013
(Official Notice)
Notification was given that Mr Humphrey Mathe has been appointed as an Independent Non-Executive Director of Wescoal with effect from 10 July 2013.
05-Jul-2013
(Official Notice)
Shareholders were advised that Wescoal Mining (Pty) Ltd.("Wescoal Mining"), a wholly owned subsidiary of Wescoal, has successfully concluded wage negotiations and signed an agreement with its employees for the period 1 July 2013 to 30 June 2014.
03-Jul-2013
(Official Notice)
Notification was given that Ms Kabela Maroga, has been appointed as an Independent Non- Executive Director of Wescoal with effect from 1 July 2013.
24-Jun-2013
(C)
Revenue increased to R676.9 million (R630.8 million). Gross profit rose to R72.7 million (R64.1 million), but operating profit declined to R27.7 million (R30.5 million). Profit for the year decreased to R19.7 million (R20.6 million). In addition, headline earnings per share grew to 12.2cps (11.4cps).



Dividend

A maiden final ordinary dividend of 3cps has been declared.



Outlook

Intibane Colliery was commissioned during April 2013 and will result in the mining division increasing volumes to more than 1.6 million tons for the financial year to March 2014. Of this, 700 000 will be produced from Intibane at substantially lower strip ratios than Khanyisa.



The Elandspruit transaction with Xstrata coal is expected to become unconditional on 31 July 2013 following which focus will be placed on commissioning the project in early 2014. This will be the groups flagship project and is expected to ramp up production to 2.4 million tons per annum by end 2014. Management continues to focus on securing high quality coal assets and maximising margins in both divisions.
21-Jun-2013
(Official Notice)
Shareholders were advised that caution is no longer required to be exercised by shareholders when dealing in Wescoal's securities.
21-Jun-2013
(Official Notice)
Shareholders were referred to the announcement released on SENS on 13 June 2013, where it was announced that Chandler Coal (Pty) Ltd., a wholly owned subsidiary of Wescoal, had made an offer to acquire a coal trading business from a Third party ("Third party")("the acquisition").



Below are the financial effects of the acquisition:



Pro forma financial effects of the acquisition

Before the acquisition and Pro forma After the acquisition for the six months ended 30 September 2012

*Earnings per share (cents) -- 6.80; 10.51

*Headline earnings per share (cents) -- 6.90; 10.62

*Net asset value per share (cents) -- 106.22; 106.22

*Net tangible asset value per share (cents) -- 61.04; 30.01

*Weighted average shares in issue ('000) -- 157 931; 157 931

*Shares in issue at year end ('000) -- 157 931; 157 931
13-Jun-2013
(Official Notice)
Shareholders were advised to exercise caution in dealing in the company's securities on the JSE until such time as the financial effects of the acquisition are published.
13-Jun-2013
(Official Notice)
31-May-2013
(Official Notice)
Shareholders were referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012, 8 November 2012, 21 December 2012, 14 February 2013 and 26 February 2013 and 6 May 2013 ("Previous Announcements") and the circular dated 15 January 2013 ("circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the transactions").



Shareholders were advised that the following conditions precedent to the Vlaklaagte disposal have been timeously waived or fulfilled, namely:



The Vlaklaagte Mining Right being granted to Wescoal Mining in accordance with the MPRDA. Xstrata has agreed to accept the granting of the Vlaklaagte Mining Right to Wescoal Exploration, in substitution for the grant thereof to Wescoal Mining and has waived the aforementioned condition precedent.

Wescoal Mining obtaining Ministerial consent for the transfer of the



Vlaklaagte Mining Right to Xstrata in terms of section 11 of the MPRDA. This condition precedent has been satisfied.



Shareholders were reminded that the effective date of the transaction is 31 July 2013 and will be advised when the remaining conditions precedent to the transactions have been met.
06-May-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012, 8 November 2012, 21 December 2012, 14 February 2013 and 26 February 2013 ("Previous Announcements") and the circular dated 15 January 2013 ("Circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions"). Capitalised terms used and not otherwise herein defined, shall have the meanings ascribed thereto in the Previous Announcements.



Vlaklaagte Disposal

Shareholders are advised that the date for satisfaction of the following remaining Conditions Precedent, namely,:

* the Vlaklaagte Mining Right being granted to Wescoal Mining in accordance with the MPRDA; and

* Wescoal Mining obtaining Ministerial consent for the transfer of the Vlaklaagte Mining Right to Xstrata in terms of section 11 of the MPRDA, which has previously been extended to 30 April 2013, has now been extended further to 31 May 2013.



Shareholders will be advised as soon as the remaining Conditions Precedent to the Transactions have been met.
06-May-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012, 8 November 2012, 21 December 2012, 14 February 2013 and 26 February 2013 ("Previous Announcements") and the circular dated 15 January 2013 ("Circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions"). Capitalised terms used and not otherwise herein defined, shall have the meanings ascribed thereto in the Previous Announcements.



Elandspruit Acquisition

Xstrata has obtained Ministerial consent for the transfer of the Elandspruit Mining Right to Wescoal Mining in terms of section 11 of the MPRDA and accordingly the related condition precedent has been timeously fulfilled. In addition, Shareholders are advised that Wescoal Mining has waived the following outstanding conditions precedent:

* the objection filed to the application for the water use license lodged by Xstrata in respect of the Elandspruit Mining Right, being withdrawn; and

* the appeal by Bezuidenhoutshoek Farm (Pty) Ltd. and others, in terms of section 96 of the MPRDA, against the approval by the DMR of Duiker's Environmental Management Programme in respect of the Elandspruit Mining Right, being dismissed.



Shareholders will be advised as soon as the remaining Conditions Precedent to the Transactions have been met.
16-Apr-2013
(Official Notice)
Wescoal has been advised that it has been awarded a 200 000 ton per annum allocation from the Quattro coal export scheme through the Richards Bay Coal Terminal.
15-Apr-2013
(Official Notice)
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.



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 2013.
26-Feb-2013
(Official Notice)
Shareholders are referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012, 8 November 2012, 21 December 2012 and 14 February 2013("Previous Announcements") and the circular dated 15 January 2013 ("Circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions"). Capitalised terms used and not otherwise herein defined, shall have the meanings ascribed thereto in the Previous Announcements.



Shareholders are advised that the date for satisfaction of certain of the remaining Conditions Precedent have been extended by agreement between Xstrata and Wescoal Mining as follows:

* Vlaklaagte Disposal

By no later than 30 April 2013 (previously 28 February 2013):

** the Vlaklaagte Mining Right being granted to Wescoal Mining in accordance with the MPRDA; and

** Wescoal Mining obtaining Ministerial consent for the transfer of the Vlaklaagte Mining Right to Xstrata in terms of section 11 of the MPRDA.



* Elandspruit Acquisition

By no later than 30 April 2013 (previously 28 February 2013) Xstrata obtaining Ministerial consent for the transfer of the Elandspruit Mining Right to Wescoal Mining in terms of section 11 of the MPRDA.



Shareholders will be advised as soon as the remaining conditions precedent to the Transactions have been met.
14-Feb-2013
(Official Notice)
Shareholders were referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012, 8 November 2012 and 21 December 2012("Previous Announcements") and the circular dated 15 January 2013 ("Circular") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions").



Capitalised terms used and not otherwise herein defined, shall have the meanings ascribed thereto in the Previous Announcements.



Shareholders were advised that:

*at the general meeting of the company held today, all the special and ordinary resolutions set out in the notice of general meeting contained in the Circular were adopted with the requisite majority of votes of shareholders present and represented by proxy.



The associated Conditions Precedent to the Vlaklaagte Disposal and Elandspruit Acquisition have accordingly been timeously fulfilled.



*A notarial deed of cession between Duiker and Xstrata to give effect to the transfer from Duiker to Xstrata of the Elandspruit Mining Right has been concluded and registered at the Mineral and Petroleum Titles Registration Office.



The associated Condition Precedent to the Elandspruit Acquisition has accordingly been timeously fulfilled.



Shareholders will be advised as soon as the remaining conditions precedent to the Transactions have been met.
15-Jan-2013
(Official Notice)
Shareholders are advised that the circular, incorporating a notice of a general meeting to be held at 10h00 on Thursday, 14 February 2013 at 228 Voortrekker Street, Krugersdorp,1739 has been mailed to shareholders today.



The notice of meeting contains proposed resolutions relating to inter alia the acquisition by Wescoal Mining (Pty) Ltd. ("Wescoal Mining") of the Vlaklaagte Prospecting Right, the disposal of the Vlaklaagte Prospecting Right by Wescoal Mining to Xstrata South Africa (Pty) Ltd. ("Xstrata"), the acquisition of the Elandspruit Mining Right by Wescoal from Duiker Mining (Pty) Ltd. and the acquisition by Blanford 006 (Pty) Ltd. of three properties owned by Xstrata.



A copy of the circular, the Elandspruit Competent Persons Report and the Vlaklaagte Competent Persons Report are available on the company's website www.wescoal.com.
03-Sep-2012
(Official Notice)
Shareholders are referred to the announcement released on SENS on 31 July 2012 ("Previous Announcement") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions"). Capitalised terms used and not otherwise herein defined, shall have the meaning ascribed thereto in the Previous Announcement.



Shareholders are advised that the condition precedent to both Transactions, namely that ARM Coal in writing waives its right of first refusal in relation to the sale by Xstrata of the Elandspruit Mining Right to Wescoal Mining, has been fulfilled. Satisfaction of the remaining conditions precedent to the Transactions, is in the process of being procured. In addition, shareholders are advised that a circular containing full details of the Transactions will be distributed to shareholders on or before 31 October 2012.
21-Dec-2012
(Official Notice)
Shareholders were referred to the announcements released on SENS on 31 July 2012, 3 September 2012, 5 October 2012 and 8 November 2012("Previous Announcements") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions").



Capitalised terms used and not otherwise herein defined, shall have the meanings ascribed thereto in the Previous Announcements.



Extension of Conditions Precedent

The dates for satisfaction of certain of the remaining Conditions Precedent have been extended by agreement between Xstrata and Wescoal Mining as follows:

a) Vlaklaagte Disposal

By no later than 15 February 2013 (previously 15 January 2013):

*a circular to the shareholders of Wescoal and approval thereof by the JSE; and

*approval of the Vlaklaagte Disposal by the shareholders of Wescoal and by Wescoal in its capacity as sole shareholder of Wescoal Mining, pursuant to section 112 of the Companies Act, 2008.



b) Elandspruit Acquisition

By no later than 15 February 2013 (previously 15 January 2013):

*a circular to the shareholders of Wescoal and approval thereof by the JSE; and

*approval of the Elandspruit Acquisition by the shareholders of Wescoal in accordance with the JSE Listings Requirements.



The dates for satisfaction of certain of the remaining Conditions Precedent have been extended by agreement between Wescoal, Wescoal Mining, Wescoal Exploration and Prouadafrique ("Proudafrique Agreement")as follows:



By no later than 15 February 2013 (previously 15 December 2012):

*the board of directors of Wescoal Mining, Wescoal Exploration and Prouadafrique approve the Prouadafrique Agreement;

*approval of the Prouadafrique Agreement by the shareholders of Wescoal Exploration; and

*the Wescoal Sale Agreement becomes unconditional in its terms.



An additional clause regarding shareholder approval of the Prouadafrique Agreement has been included in the above agreement.



Circular to shareholders

Shareholders were advised that a circular containing full details of the Transactions would be distributed to them on or before 30 November 2012. The circular is now expected to be distributed to shareholders on or before
08-Nov-2012
(Official Notice)
05-Nov-2012
(C)
Revenue from continuing operations for the interim period ended 30 September 2012 increased to R351.4 million (2011: R337.1 million). Gross profit rose to R47.7million (2011: R46.6 million), but earnings before interest, tax, depreciation and amortisation decreased to R27.8 million (2011: R28.4 million), while profit for the period attributable to owners of the parent fell to R10.7 million (2011: R16.1 million). Furthermore, headline earnings per ordinary share from continuing operations weakened to 6.9cps (2011: 7.3cps).



Dividends

No interim dividend has been declared.



Prospects

Management expects the excellent performance from the trading division to continue through to the financial year-end and beyond. Intibane Colliery is on track to deliver coal during the first quarter of 2013 that will substantially reduce the cost of production as the strip ratios at Intibane are 1.5:1 as compared to the current 4:1 at Khanyisa. Shareholders are referred to the SENS announcements dated 31 July 2012, 3 September 2012 and 5 October 2012, relating to the Vlaklaagte Disposal and the Elandspruit Acquisition ("the transactions"). The shareholders' circular is expected to be distributed to shareholders on or before 30 November 2012. Irrevocable commitments to vote in favour of the transactions have been received from major shareholders and directors totalling 53% of the issued share capital.

30-Oct-2012
(Official Notice)
Shareholders were advised that, at the Annual General Meeting of Wescoal shareholders held today, 30 October 2012, all the resolutions were passed by the requisite majorities of votes of shareholders present and represented by proxy.
29-Oct-2012
(Official Notice)
Shareholders are advised that the company is in the process of finalizing its results for the six months ended 30 September 2012 and expects earnings per share for the six months ended 30 September 2012 to be between 6.1 cents and 7.1 cents as compared to 10.2 cents per share for the comparative period. Headline earnings per share for the six months ended 30 September 2012 is expected to be between 6.2 and 7.2 cents compared to 7.3 cents for the comparative period.



The decrease in earnings for the six months ended 30 September 2012 compared to the comparative period relates to a profit of R4.6 million on the sale of the Blesboklaagte beneficiation plant which was included in the results for the six months ended 30 September 2011. The company's results for the six months ended 30 September 2012 are expected to be released on SENS during November 2012.
10-Oct-2012
(Official Notice)
Shareholders were advised that at the annual general meeting of Wescoal that will be held at 9h00 on Tuesday, 30 October 2012 at the company's registered offices situated at 228 Voortrekker Street, Krugersdorp, South Africa. , the record date to participate and vote at the annual general meeting is Friday, 19 October 2012 and not Tuesday 16, October 2012 as stated in the notice of annual general meeting.
05-Oct-2012
(Official Notice)
Shareholders are referred to the announcements released on SENS on 31 July 2012 and 3 September 2012 ("Previous Announcements") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions"). Capitalised terms used and not otherwise herein defined, shall have the meaning ascribed thereto in the Previous Announcements.



Shareholders are advised that Wescoal Mining has provided written confirmation to Xstrata on 27 September 2012, that it is satisfied with the geological data in relation to the Elandspruit Mining Area. The associated condition precedent to the Elandspruit Acquisition has accordingly been timeously fulfilled.. Shareholders will be advised as soon as the remaining conditions precedent to the Transactions have been met.



Shareholders are reminded that a circular containing full details of the Transactions will be distributed to shareholders on or before 31 October 2012.



Legal action

Shareholders are advised that an application has been served on inter alia, Proudafrique Trading 147 (Pty) Ltd. ("Proudafrique"), Minoscape (Pty) Ltd. ("Minoscape") Wescoal, Wescoal Exploration (Pty) Ltd. ("Wescoal Exploration"), Wescoal Mining, and three other respondents by Johannes Cornelius Van Der Westhuizen ("Van Der Westhuizen"), to:

* set aside the shareholders agreement concluded between, Proudafrique and Wescoal Exploration on 7 October 2007;

* set aside the agreement concluded on 30 July 2012 between Wescoal Exploration, Wescoal Mining and Proudafrique in terms whereof the Vlaklaagte Prospecting Right was transferred from Wescoal Exploration to Wescoal Mining; and

* for the Vlaklaagte, Verblyden and Silverbank Rights to be transferred back to Proudafrique.



Van der Westhuizen is a minority shareholder of Proudafrique. The application is being opposed by Wescoal, Wescoal Exploration, Wescoal Mining, Proudafrique and Minoscape (the majority shareholder in Proudafrique). Shareholders will be kept informed of the outcome of the legal action.
28-Sep-2012
(Official Notice)
Shareholders are advised that the Wescoal annual report for the financial year ended 31 march 2012 were distributed to shareholders, and contain no modifications to the reviewed results for the year ended 31 March 2012 that were announced on SENS on the 20 June 2012. Notice is hereby given that the company's annual general meeting will be held at 9 am on Tuesday 30 October 2012 at the company's offices at the 228 Voortrekker Street, Krugersdorp.
10-Sep-2012
(Official Notice)
Shareholders are advised that Mr Dutch Botes has been appointed as the Chief Executive Officer ("CEO") of Wescoal Mining (Pty) Ltd., a wholly owned subsidiary of Wescoal with effect from 1 November 2012.
06-Sep-2012
(Official Notice)
Shareholders are advised that Wescoal Mining (Pty) Ltd. ("Wescoal Mining"), a wholly owned subsidiary of Wescoal, entered into a Coal Supply Agreement with Eskom Soc Ltd. ("Eskom"). In terms of the agreement, Wescoal Mining will supply 3, 2 million tons of coal to Eskom over the period 1 June 2012 to 31 January 2015 from its Khanyisa and Intabane mines.
03-Sep-2012
(Official Notice)
Shareholders are referred to the announcement released on SENS on 31 July 2012 ("Previous Announcement") relating to the Vlaklaagte Acquisition, the Vlaklaagte Disposal and the Elandspruit Acquisition ("the Transactions"). Capitalised terms used and not otherwise herein defined, shall have the meaning ascribed thereto in the Previous Announcement.



Shareholders are advised that the condition precedent to both Transactions, namely that ARM Coal in writing waives its right of first refusal in relation to the sale by Xstrata of the Elandspruit Mining Right to Wescoal Mining, has been fulfilled. Satisfaction of the remaining conditions precedent to the Transactions, is in the process of being procured. In addition, shareholders are advised that a circular containing full details of the Transactions will be distributed to shareholders on or before 31 October 2012.
31-Jul-2012
(Official Notice)
Shareholders were referred to the cautionary announcement dated 5 July 2012 and all the cautionary announcements referred to therein, in light of the acquisition and disposal announcements, shareholders were advised that caution is no longer required to be exercised by shareholders when dealing in the company's securities.



Withdrawal of cautionary announcement relating to proposed acquisition of Pegasus

Shareholders were referred to the detailed announcement dated 28 November 2011 and the cautionary announcement dated 5 July 2012, relating to the proposed acquisition by Wescoal of 51% of the issued ordinary share capital of EZIM from HSTI 17 Pty Ltd. (''HSTI'') in respect of the Pegasus project. The Pegasus Project is an undeveloped export quality thermal coal deposit with a measured resource of approximately 15 million tons near Witbank.



Wescoal decided to terminate discussions regarding Pegasus after it became apparent that there remain too many uncertainties regarding the potential acquisition. The board felt it was prudent to withdraw from discussions until such time that the prospects of concluding the transaction improve. Shareholders were advised that caution is no longer required to be exercised by shareholders when dealing in the company's securities.
31-Jul-2012
(Official Notice)
31-Jul-2012
(Official Notice)
16-Jul-2012
(Official Notice)
Shareholders were advised that Wescoal has been awarded a Mining Right by the Department of Mineral Resources, number MP 30/5/1/2/2/483 MR over portions 12 and 16 of the farm Vlakvarkfontein 213 IR, situated in the Witbank district.



The Intibane Colliery is a coal project situated in the Witbank Coalfield, with 4 Seam and 2 Seam present. Mining in adjoining areas has taken place over a number of years, with collieries supplying bituminous coal to Eskom, the inland market and export steam coal. Portion 16 has an indicated resource of 1.84 million tons and an inferred resource of 240 000 tons with a combined strip ratio of 1.5 to 1. Portion 12 has an inferred resource of 1.9 million tons.



Wescoal is at an advanced stage of mine planning for Intibane Colliery, with mining expected to commence in the latter half of 2012, with the first coal expected to be available in early 2013. The coal resources at Intibane Colliery is a further step towards Wescoals stated production goal of 4 million tons of coal produced per annum by 2016.
05-Jul-2012
(Official Notice)
Further to the cautionary announcements dated 24 May 2012, 10 April 2012, 23 February 2012, 12 January 2012, 28 November 2011, 28 September 2011, 18 August 2011, 23 May 2011 and 6 July 2011, shareholders are advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
20-Jun-2012
(C)
Revenue for the year ended 31 March 2012 increased to R630.8 million (2011: R557.6 million). Gross profit soared to R81.4 million (2011: R28.4 million), while profit attributable to owners of the parent turned around to R20.6 million (2011: loss of R43.6 million). Furthermore, headline earnings from continuing operations was 11.4cps (2011: loss of 8.1cps).



Dividends

No dividend has been declared. The board reviews the dividend policy on an ongoing basis and use new projects, possible acquisitions and the group's financial position as indicators in this decision making process.



Prospects

It is expected that the trading division will continue to experience strong demand and with the large producers' focus on export, restricted supply will continue. The mining division will continue at maximum production and with Vlakvarkfontein coming on stream later in the year, increased profitability is forecast going forward.



Overall management expects strong growth in both divisions for the year ending March 2013 with the Vlakvarkfontein resource contributing substantially from there on. Wescoal is very aware that the major assets the company has are resources, people and intellectual capital which it will continue to hone into producing greater shareholder value.
13-Jun-2012
(Official Notice)
Wescoal is currently finalising its annual results for the year ended 31 March 2012 and shareholders are advised that the directors expect the earnings for the year ended 31 March 2012 to be between 11.5 and 13.0 cents per share compared to a loss of 29.11 for the comparative period and headline earnings to be between 10.0 and 11.5 cents per share compared to a loss of 26.17 cents per share for the comparative period. The company's financial results for the year ended 31 March 2012 are expected to be released on 20 June 2012.
24-May-2012
(Official Notice)
Further to the cautionary announcements dated 10 April 2012, 23 February 2012, 12 January 2012, 28 November 2011, 28 September 2011, 18 August 2011, 23 May 2011 and 6 July 2011, shareholders are advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
02-May-2012
(Official Notice)
Notification was given that Wiseman Khumalo, an independent non-executive director of Wescoal, has been appointed as an executive director with effect from 1 May 2012. Wiseman Khumalo will focus on group development and compliance strengthening of the executive management team.
10-Apr-2012
(Official Notice)
Further to the cautionary announcements dated 23 February 2012, 12 January 2012, 28 November 2011, 28 September 2011, 18 August 2011, 23 May 2011 and 6 July 2011, shareholders are advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
03-Apr-2012
(Official Notice)
Notification is hereby given that CIS Company Secretaries (Pty) Ltd. has resigned as company secretary and JW Walters and Associates has been appointed with effect from 1 April 2012.
23-Feb-2012
(Official Notice)
Further to the cautionary announcements dated 12 January 2012, 28 November 2011, 28 September 2011, 18 August 2011, 23 May 2011 and 6 July 2011, shareholders are advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
28-Nov-2011
(Official Notice)
Detailed cautionary announcement

A detailed announcement will be made once a formal agreement has been signed which will include the financial effects. Shareholders are advised to exercise caution in dealing in the company's securities on the JSE until such time as the detailed announcement is made.



Further cautionary announcement

Shareholders are advised that Wescoal is still in negotiations, unrelated to the transaction detailed in this announcement, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
28-Nov-2011
(Official Notice)
24-Nov-2011
(C)
17-Nov-2011
(Official Notice)
16-Nov-2011
(Official Notice)
In terms of section 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period will differ by at least 20% from the financial results for the previous corresponding period.



Shareholders are advised that the company expects that the earnings for the six months to 30 September 2011 will be between 9.2 and 11.2 cents per share, compared to prior period earnings per share of 8.1 cents. Headline earnings are expected to be between 7.0 and 7.7 cents per share, compared to prior period headline earnings per share of 7.9 cents. The company is pleased with the interim results in comparison to the losses for the year ended 31 March 2011. Operational performance has been strong for the six months with production at Khanyisa Colliery at full capacity, producing 702 000 tons. Headline earnings per share have been adjusted for the profit on the sale of the Blesboklaagte washing plant disposed of in August 2011.

The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The results of Wescoal will be released on Thursday 24 November 2011. A shareholder presentation on the interim results will take place at 9am on Thursday 24 November 2011 at the Houghton Boardroom. For more details on this presentation, contact Vanessa Ingram on 011 447 8656.
10-Nov-2011
(Official Notice)
Further to the cautionary announcements dated 28 September 2011, 18 August 2011, 23 May 2011 and 6 July 2011, shareholders are advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company`s securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
08-Nov-2011
(Media Comment)
Business Day reported that Wescoal, which is coming under pressure from a variety of quarters, believed it was the victim of a sustained campaign to embarrass it into paying several parties sums of money it felt it did not owe. Wescoal has sought interdicts against two liquidation applications. One was brought by Sutha Civils, an unhappy contractor that was asked to leave. It was overturned in court. Another has yet to be served. Wescoal's shares have been hammered by each bout of bad news leaked to the media, and Wescoal's management said at a briefing that there was a concerted campaign to force the company onto the back foot as a results of the dispute stemming from it terminating Sutha's contract late last year. CEO Andre Boje accused Sutha, which has been interdicted from making comments on Wescoal to the media, of encouraging BSM to join the fight against Wescoal. He said Wescoal was the subject of "terrorist tactics" to force the company into making payments it did not agree it had to make.
04-Nov-2011
(Official Notice)
Shareholders were referred to the announcement dated 31 October 2011 regarding the application by BSM Mining (Pty) Ltd ("BSM Mining") for the liquidation of Wescoal Mining (Pty) Ltd ("Wescoal Mining"), a wholly owned subsidiary of Wescoal.



Shareholders are advised that Wescoal and Wescoal Mining have applied to the North Gauteng High Court to set aside the application for the winding up of Wescoal Mining. The relief was sought on the basis that the winding-up application is an abuse of the process of court and that it is part of a strategy devised by BSM Mining and its director, Simon Mdau, to embarrass Wescoal and extort payment of a debt, which is disputed on bona fide and reasonable grounds.



The above matter was placed on the urgent court roll on 3 November 2011. Regrettably the judge ruled that application is not urgent and that the matter should take its normal course through the court. Wescoal has evidence that BSM Mining is acting in concert with Sutha Civils who have jointly and severally embarked on a program since March 2011 to embarrass and harass Wescoal and elicit shareholder concerns. This is evident from the fact that the full application for the liquidation of Wescoal Mining (Pty) was hand delivered, by an individual who wished to remain anonymous, to a local business publication on Friday morning 28 October 2011 after only being lodged with the North Gauteng High Court on the preceding Thursday afternoon. As of Thursday 3 November 2011 the court application on which the article was based, had still not been served on Wescoal.



The board of Wescoal recognizes that the events since March 2011 have impacted on investor confidence. Planned announcements over the next few weeks together with the group results due on 24 November 2011 will go a long way in restoring confidence in Wescoal and its shares. Wescoal will still proceed with the application against BSM Mining through normal court channels as Wescoal remains convinced that the allegations brought by BSM Mining have no substance at all. A full set of the court papers will be on the company's website www.wescoal.com.
31-Oct-2011
(Official Notice)
Shareholders are referred to the article in the Business Day today regarding BSM Mining's application with the North Gauteng High Court on Thursday last week for the liquidation of Wescoal Mining. This application relates to:

*Non payment of an invoice amounting to R84 146;

*Claims that the future rehabilitation liability at the Khanyisa Colliery is R40 million and that Wescoal Mining will not be in a position to pay this.



Wescoal would like to provide shareholders with the following facts:

*BSM Mining supplied an incorrect and unregistered VAT number therefore the VAT portion of any invoice should not have been paid. To date Wescoal has been paying VAT to BSM Mining and a credit note has been requested. All future payments will be withheld until the credit is exhausted and the monies repatriated to South African Revenue Service.

*On a regular basis, Wescoal supply independently assessed rehabilitation figures to the Department of Mineral Resources, based on the figures for October 2011 the rehabilitation liability at the Khanyisa Colliery is R7.4 million and ongoing rehabilitation is taking place.



Any application for liquidation of Wescoal Mining is totally unfounded and malicious and will be opposed. Shareholders will accordingly be made aware of any future developments.

14-Oct-2011
(Official Notice)
Shareholders are referred to the announcement on 11 October 2011 where it was announced that Middel - Partners have resigned as auditors with effect from 10 October 2011. Wescoal announced that PriceWaterhouseCoopers has been appointed as the company's new auditors.
11-Oct-2011
(Official Notice)
Shareholders are advised that, at the Annual General Meeting of Wescoal shareholders held, all the resolutions were passed by the requisite majorities of votes of shareholders present and represented by proxy, save for resolution number 4 : reappointment of external auditors. Middel - Partners resigned as auditors effective 10 October 2011 and therefore the resolution to reappoint them was withdrawn. It is expected that the board of Wescoal will appoint new auditors within the next few days.
28-Sep-2011
(Official Notice)
Further to the cautionary announcements dated 18 August 2011, 23 May 2011 and 6 July 2011, shareholders are advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
15-Sep-2011
(Official Notice)
Shareholders were advised that the audited annual financial statements for the year ended 31 March 2011, posted on 15 September 2011 are unchanged from the reviewed results which were published on SENS on 29 June 2011. Please visit the company's refurbished website www.wescoal.com, which was re-launched, to download a copy of the annual report and access various additional information.



Notice was also given that the annual general meeting of Wescoal will be held at the company's registered office at 228 Voortrekker Street, Krugersdorp, on Tuesday, 11 October 2011 at 10.00. The notice of the annual general meeting is issued with the annual report.
18-Aug-2011
(Official Notice)
Further to the cautionary announcements dated 23 May 2011 and 6 July 2011, shareholders were advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders were advised to continue exercising caution when dealing in the company's securities until a full announcement was made.
15-Aug-2011
(Official Notice)
03-Aug-2011
(Official Notice)
Shareholders are referred to the announcement dated 20 July 2011 where it was made known that Wescoal filed a notice of motion in respect of an urgent application to set aside the Sutha Civils (Pty) Ltd ("Sutha") application for the winding up of a subsidiary of Wescoal, Wescoal Mining (Pty) Ltd ("Wescoal Mining"). Shareholders are advised that the North Gauteng High Court granted an order in favour of Wescoal and Wescoal Mining against Sutha on 2 August 2011. The order sets aside Sutha's application for the winding up of Wescoal Mining, with costs on the attorney and own client scale. There was no representative of, or counsel for, Sutha present at the hearing. Wescoal will be pursuing a substantial damages claim against Sutha, Nico Swart and Wimpie Badenhorst, jointly and severally. The court order will be placed on Wescoal's website www.wescoal.com as soon as it is available.
28-Jul-2011
(Official Notice)
Shareholders are referred to the announcement dated 7 July 2011 that Wescoal launched an urgent application with the High Court during March 2011 to interdict Sutha Civils (Pty) Ltd ("Sutha") from continuing to make unsubstantiated and derogatory statements in respect of Wescoal and Wescoal Mining (Pty) Ltd ("Wescoal Mining") and that an interim order was granted. Shareholders are advised that the South Gauteng High Court has today granted an order in favour of Wescoal and Wescoal Mining against Sutha, Nico Swart and Wimpie Badenhorst ("the three respondents"). The three respondents are interdicted from publishing injurious and/or false statements of and concerning Wescoal and/or Wescoal Mining, including but not limited to statements to the effect that:

*either of the Wescoal companies is unable to pay its debts;

*the Khanyisa Colliery has no coal;

*either Wescoal or Wescoal Mining has falsely blamed the rain for its lack of production at the Khanyisa Colliery; and

*the coal reserves at the Khanyisa Colliery have been fraudulently overstated by either Wescoal and/or Wescoal Mining.



The Court inter alia found that Sutha's actions and statements were unsubstantiated, malicious, groundless and devoid of truth, and that the unlawful conduct of Chris Broodryk clearly indicated that all Sutha wanted to do was extricate payment from Wescoal. Wescoal and Wescoal Mining have been directed by the Court to institute their action for final relief and damages against the three respondents within 30 days from today. Further comments from the Chief Executive Officer of Wescoal are available on Wescoal's website www.wescoal.com. The judgement and order will be placed on the website as soon as they are available.
20-Jul-2011
(Official Notice)
Shareholders are referred to the announcement published on SENS on 7 July 2011, relating to a legal dispute with a disgruntled contractor Sutha Civils (Pty) Ltd ("Sutha"). Shareholders were advised that Wescoal and Wescoal Mining (Pty) Ltd have filed a notice of motion in respect of an urgent application to be made to the North Gauteng High Court on 2 August 2011, to set aside Sutha's application for the winding up of Wescoal Mining (Pty) Ltd. The notice of motion and supporting affidavit are available on Wescoal's website. www.wescoal.com.
07-Jul-2011
(Official Notice)
Shareholders are referred to Wescoal's financial results published on SENS on 29 June 2011 ("results announcement") and the announcement on 14 March 2011 relating to a legal dispute with a disgruntled contractor Sutha Civils (Pty) Ltd ("Sutha"). In the results announcement Wescoal indicated that:

* Sutha has not launched any action to substantiate and demand the money they have publically claimed in March 2011;

* Wescoal did approach the court in March 2011 to interdict Sutha from continuing to make unsubstantiated and derogatory statements to the media. An interim order was granted and should be made final during August 2011; and

* whilst legal opinion suggests any potential claim has limited chance of success, provisions have been made for this eventuality.



Shareholders were advised that on 6 July 2011 Sutha served papers on Wescoal Mining (Pty) Ltd ("Wescoal Mining"), a wholly owned subsidiary of Wescoal, applying for the liquidation of Wescoal Mining ("the application").Wescoal Mining has instructed its legal team to oppose the application as it believes the application is totally unfounded, malicious and has no prospect of succeeding. Wescoal considers the application an abuse of the process of the courts, by Sutha not first proving their claim in court and may launch an application to stay the liquidation application.
06-Jul-2011
(Official Notice)
Further to the cautionary announcement dated 23 May 2011, shareholders are advised that Wescoal is still in negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
29-Jun-2011
(C)
Revenue rose to R557.6 million (R353.9 million). Gross profit more than halved to R25.7 million (R58.5 million) and a loss from operations of R8.9 million (profit of R29.6 million) was recorded. A net attributable loss of R43.6 million (profit of R6.7 million) was made. In addition, a headline loss from continued operations of 8.1cps (earnings of 17cps) was recorded.



Outlook

Whilst the write offs and other actions mentioned in the review above were severe, the losses at Blesboklaagte will not reoccur and the potential profit from the sale of the plant should be realized in the new financial year. In addition the group balance sheet has been cleared of potential pitfalls that could affect earnings going forward.



The termination of the Elandspruit 291JS transaction was disappointing but nevertheless necessary. Following an intensive due diligence, it was decided that sufficient value was not present for the transaction to proceed and the associated risks were not warranted.



The group continues to seek opportunities to obtain coal resources and is currently evaluating some options on this front. An application for a mining right on the Vlakvarkfontein 213 IR reserve near Khanyisa has been submitted and, on granting, will extend the life of Khanyisa by 12 months or more. The board is positive that the measures taken and the renewed focus by both the trading and mining divisions will return the group to the expected profitability.
24-Jun-2011
(Official Notice)
Shareholders are advised that the company expects earnings per share for the year ended 31 March 2011 to decrease from 4.57 cents to a loss per share of between 26.2 cents and 32.0 cents as compared to the comparative period. Headline earnings per share for the year ended 31 March 2011 is expected to decrease from 4.28 cents to a loss per share of between 23.3 cents and 28.5 cents as compared to the comparative period. The decrease in earnings is primarily due to:

*Write off of all mining costs incurred at the Sutha operation at Khanyisa Colliery;

*Reduced production and increased costs due to flooding in the quarter ended 31 March 2011;

*Reduced production resulting in losses at the Blesboklaagte washing plant;

*Accelerated write off of mining in progress and mine establishment costs; and

*Impairment of goodwill in Chandler Coal (Pty) td.



Khanyisa Colliery returned to full production during April 2011 and a change in mining methods will prevent future flooding at the operation. To date, no action has been launched by Sutha Civils (Pty) Limited ("Sutha") to substantiate and demand the money they very publicly claimed was due to them. Wescoal did however approach the court in March 2011 to interdict Sutha from continuing to make unsubstantiated and derogatory statements to the media. An interim order was granted and should be made final during July 2011. Blesboklaagte washing operation stopped production at the end of March 2011 and the sale of the plant is currently being finalized.
23-May-2011
(Official Notice)
Shareholders were advised that Wescoal has entered into negotiations, which if successfully concluded, may have an effect on the price of the company's securities. Accordingly, shareholders were advised to exercise caution when dealing in the company's securities until a full announcement was made.
14-Mar-2011
(Official Notice)
Shareholders were referred to the article in the Business Day today regarding a disgruntled contractor, Sutha Civils ("Sutha"), which claims R15.2 million from Wescoal Mining (Pty) Ltd ("Wescoal Mining"), a wholly owned subsidiary of Wescoal. Sutha has also laid a fraud charge against "West Coal Mine", it is assumed that the fraud charge was intended for Wescoal Mining. The fraud charge appears to relate to Sutha's belief that there are discrepancies in tonnages reported to the market and what was actually produced at Khanyisa. No further information regarding this charge has been made available to Wescoal. Sutha is threatening to apply to court for a liquidation order against Wescoal Mining. Wescoal would like to advise shareholders of the following facts:

* Sutha commenced mining in February 2010 and during the period February to July 2010 it came to the company's attention that there were numerous issues relating to overcharging by Sutha;

* By July 2010 Sutha had not responded to or corrected these issues;

* During September and October 2010 there were irregularities regarding diesel use by Sutha;

* On a mine visit in November 2010 Wescoal instructed Sutha to stop mining overburden and only extract coal, which Sutha ignored; and

* Sutha was instructed to cease mining operations at Khanyisa in December 2010.

Wescoal has obtained legal advice that Wescoal Mining does not owe any money to Sutha and Wescoal Mining is considering instituting a civil claim against Sutha for approximately R3, 5 million. Wescoal Mining categorically denies discrepancies between tonnages reported to the market and actually produced. Any application for liquidation of Wescoal Mining is totally unfounded and malicious and will be opposed.
09-Feb-2011
(Official Notice)
Shareholders are referred to the announcements on SENS where it was announced that Wescoal Mining (Pty) Limited, a wholly owned subsidiary of Wescoal has, subject to certain conditions precedent purchased from South African Mining Management (Pty) Limited, the shares and loan accounts of its wholly owned subsidiary Nungu Trading 341 (Pty) Limited ("Nungu"). Nungu owns specified assets and prospecting rights situated on Portions 4 and 23 Elandspruit 291 JS ("Elandspruit reserve").



The board of Wescoal has decided to terminate this proposed acquisition as a result of the findings of the SAMREC compliant Competent Persons Report ("CPR"). As part of the CPR, 16 additional boreholes were drilled, full analyses completed and the following areas of concern identified:

*Raw qualities of certain seams;

*The multiple seam nature of the project; and

*The potential yield of product following beneficiation.



When taking these factors into account, independent opinion reduced the quantity of a potential coal resource available from the initial 11, 6 million tons to 2, 8 million tons, making the project uneconomical under the current circumstances. The board will continue to focus on other opportunities and employ capital on existing resources.

27-Jan-2011
(Official Notice)
Wescoal regrets to announce that production at the Blesboklaagte plant and the Khanyisa Colliery have been significantly impacted by the persistent rain and flooding in the Witbank and Middelburg areas during January 2011. Management estimates that these mines are expected to return to full production at the end of March 2011. Shareholders will be kept up to date on any changes in the situation.
07 Dec 2010 08:19:53
(Official Notice)
Shareholders are referred to the Sens announcement dated 3 June 2008 relating to the acquisition of additional coal reserves. Wescoal Mining (Pty) Ltd, a wholly owned subsidiary of Wescoal has a 60% shareholding in Wescoal Exploration (Pty) Ltd ("Wescoal Exploration"), the remaining 40% shareholding is held by Proudafrique Trading 147 (Pty) Ltd ("Proudafrique").



Wescoal Exploration has been awarded a New Order Prospecting Right ("NOPR") by the Department of Mineral Resources ("DMR"), number MP 30/5/1/1/2/1742 PR over certain portions of the farm Vlaklaagte 330JS ("Vlaklaagte") situated in the Witbank district. 2. Description Vlaklaagte lies 13km south west of Witbank, in close proximity to Anglo Coal (Pty) Limited`s ("Anglo Coal") Greenside Colliery and X- Strata Coal's Tweefontein Colliery. Both Greenside and Tweefontein Collieries produce coal products for the export market.



Historical data from 23 boreholes have been sourced from Anglo Coal and the Council for Geosciences which show the portions of Vlaklaagte covered by the NOPR having an inferred resource of 20,1 million tons of coal consisting of 4 economically recoverable seams namely No. 1 Seam, No. 2 Seam, No. 4L Seam and No.5 Seam.



Planned future exploration

Further exploration drilling will commence during 2011 to confirm the historical data and to raise the confidence level to measured status, following which an application for a New Order Mining Right will be submitted to the DMR. The award of the NOPR brings the total resource under prospecting rights held by Wescoal to an expected 97.2 million tons.
19 Nov 2010 09:37:24
(Official Notice)
Shareholders are advised that Wescoal has raised R 13 560 000 in capital by the issue of 12 000 000 shares for cash at 113 cents per ordinary share.



Issue for cash

At the annual general meeting of the company held on 7 October 2010, the requisite majority of shareholders approved an ordinary resolution authorising the directors to issue shares for cash in accordance with the Listings Requirements of JSE Limited ("the Listings Requirements"). As the issue of the new shares represent a 7.2% increase in the issued ordinary share capital of the company, this disclosure is made in terms of section 11.22 of the Listings Requirements:

*12 000 000 ordinary shares in the company have been issued at an issue price of 113 cents per ordinary share

*the issue price of 113 cents per share represents a discount of 10% to the 30 day volume weighted average price for the period ended 21 October 2010, being the date the issue price was agreed upon by the directors

*the shares have been issued to public shareholders as defined by the Listings Requirements.



Listing of the new shares

The JSE has granted a listing of the new shares with effect from the commencement of business on Friday, 19 November 2010.

07 Oct 2010 14:31:29
(Official Notice)
Shareholders are advised that, at the annual general meeting of Wescoal shareholders, all the resolutions were passed by the requisite majorities of votes of shareholders present and represented by proxy. The special resolution will be submitted to the Registrar of Companies for registration in due course.
16 Sep 2010 08:04:52
(Official Notice)
Shareholders are advised that the annual financial statements of Wescoal were distributed yesterday 15 September 2010, and contain no modifications to the audited results published on SENS on 9 June 2010. Notice is hereby given that the 2010 annual general meeting of shareholders will be held at 10:00 on Thursday, 7 October 2010 at the company's registered offices, 228 Voortrekker Street, Krugersdorp.
08 Sep 2010 11:59:50
(Official Notice)
Shareholders are referred to the announcement dated 10 August 2010 where it was announced that Wescoal Mining (Pty) Ltd ("Wescoal Mining"), a wholly owned subsidiary of Wescoal has, subject to certain conditions precedent, purchased from South African Mining Management (Pty) Ltd ("SAMM"), the shares and loan accounts of its wholly owned subsidiary Nungu Trading 341 (Pty) Ltd ("Nungu"). Nungu owns specified assets and prospecting rights situated on Portions 4 and 23 Elandspruit 291 JS ("Elandspruit reserve") ("the proposed acquisition"). Below are the financial effects of the proposed acquisition and details of the restriction on sale of shares issued to SAMM.



Pro forma financial effects

The unaudited pro forma financial effects are provided for illustrative purposes only to provide information about how the proposed acquisition may have impacted on Wescoal's results and financial position. Due to the nature of the unaudited pro forma financial information, it may not give a fair presentation of the group's results and financial position after the proposed acquisition. The unaudited pro forma financial effects are based on the audited financial information for the year ended 31 March 2010 as announced on SENS on 9 June 2010. The unaudited pro forma financial effects have been included in terms of the JSE Listings Requirements. The directors of Wescoal are responsible for the preparation of the unaudited pro forma financial effects. Some expected financial effects:

*Headline earnings per share for the year-ended 31 March 2010 would have been 26.12% lower, at 3.2cps, compared to the reported 4.3cps.

*Net asset value per share for the year-ended 31 March 2010 would have been 0.35% lower at 113.8cps, compared to the reported 114.20cps.



Restriction on sale of shares

In terms of the sale of shares agreement entered into between Wescoal Mining and SAMM, Wescoal has to issue 17 391 304 ordinary shares at 115 cents per share to Nungu in partial settlement of the purchase price. Certain restrictions were placed on the sale of these shares by SAMM for a two year period.



Withdrawal of cautionary

Caution is no longer required to be exercised by shareholders when dealing in their securities.



Further cautionary

Shareholders will be informed once the circular is mailed of the date of the general meeting to approve the proposed acquisition.
23 Aug 2010 08:39:48
(Official Notice)
10 Aug 2010 09:24:27
(Official Notice)
30 Jun 2010 08:38:13
(Official Notice)
Shareholders are advised that Wescoal has entered into negotiations, which if successfully concluded, may have an effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
09 Jun 2010 08:25:41
(C)
04 May 2010 13:48:56
(Official Notice)
Wescoal has submitted to the board of directors of SACMH written notice of its firm intention to make an offer to acquire all the ordinary shares making up the entire issued ordinary share capital of SACMH subject to the fulfilment of certain conditions precedent. No approval of the transaction was received by Wescoal from the board of SACMH by 30 April 2010 as stipulated in the firm intention offer and therefore the firm intention has lapsed. Wescoal does not intend to proceed with the offer. As a result of the agreements concluded between JSW Energy Ltd and the major shareholders of SACMH as announced by JSW on SENS on 16 April 2010, Wescoal has decided not to further pursue this transaction. Wescoal will actively continue seeking new growth opportunities in the future.



Shareholders no longer have to exercise caution when dealing in the company's securities.
09 Apr 2010 13:17:25
(Official Notice)
Shareholders are referred to the announcement on SENS on 24 March 2010 regarding the application to the JSE for the transfer of Wescoal's listing to the main board of the JSE. Exchange Sponsors is authorised to announce that the JSE has approved the transfer of the listing of Wescoal from the Altx to the Main Board with effect from 15 April 2010. Wescoal will be in the Mining sector, sub sector coal of the Main Board.



The salient dates and times pertaining to the transfer are set out below:

*Formal approval granted by the JSE for the transfer 8 April 2010.

*Effective date of transfer from Altx to Main Board 15 April 2010.

*Wescoal shares to start trading on the Main Board at 9h00 on 15 April 2010.



Notification is hereby given that P Janse van Rensburg has resigned as company secretary and CIS Company Secretaries (Pty) Ltd has been appointed with effect from 7 April 2010.
29 Mar 2010 16:04:06
(Official Notice)
24 Mar 2010 08:45:16
(Official Notice)
Khanyisa Colliery

The incorporation of Khanyisa into the group with effect from 1 October 2009 went according to plan and Wescoal has employed the necessary skills to maximise the profitability of the mining operation. The first opencast pit, East Pit, commenced operation late December 2009 and by end of March 2010 a total of 400 000 tons of run of mine will have been extracted. The second opencast pit, West Pit, has commenced operations during March 2010 and 80 000 tons of ROM is expected to be extracted by the end of March 2010. These operations together will, based on current production achieved, exceed our stated objective of 1.2 million tons per year.



Wescoal is currently busy with an active drilling and exploration program on Khanyisa and nearby reserves to ensure that production can be maintained at the target of 1.2 million tons per annum. In addition the group is exploring a number of additional opportunities that have arisen out of the pending expiry of rights issued in 2004 and 2005. In a joint venture with a BEE company, Wescoal secured a three year contract to provide Eskom with coal product. This venture is on track to deliver the initial order of 100 000 tons to Eskom by the end of March 2010.



Coal market

International coal markets have strengthened with the API4 prices holding steady at around USD80 per ton. This strengthening has been driven by the depletion of stock piles due to the severe northern hemisphere winter and the general recovery of world markets. This has however done little to change the outlook for the trading division as the ongoing logistical problems associated with the export of coal continue. Surplus coal stocks are still evident and inland coal pricing has remained static.



Transfer from the Altx to the Main Board of the JSE

Following the group's successful expansion into mining the board of directors has decided to apply to the JSE for the transfer of Wescoal's listing to the main board of the JSE. The move to the main board will position Wescoal alongside comparable coal mining companies. Details of the transfer will be announced once JSE approval has been obtained.
02 Dec 2009 11:21:27
(C)
Revenue decreased from R298.9 million to R217.4 million in 2009. Gross profit decreased to R18.8 million (2008:R33.7 million). Profit attributable to ordinary shareholders decreased to R7.5 million (R13.1 million). Headline earnings on a per share basis decreased to 3.50cps (10.50cps).



Dividend per share

No interim dividend was declared for the period under review.



Prospects

Emphasis is being placed on trading and securing a number of smaller consumers to broaden the customer base, entering new markets and aggressive cost cutting in all areas. In addition Wescoal will focus on developing the mining operation into the major revenue generator for the group. Goals set in order to achieve this include the following:

*Commencing early 2010, a ramp up of run of mine production at Khanyisa

*Mine from 450,000 to 1,2 million tons per annum3.

*Producing Eskom product at Khanyisa Mine

*Beneficiation of coal at both Blesboklaagte and Khanyisa Mines

*Increase of saleable product produced from 220 000 to 550 000 tons per annum.



The group is rapidly moving towards being a primary producer with a strong trading arm rather than the historical trader with a production facility. This will have a number of benefits but, most importantly, will reduce the vulnerability of having a single major revenue generating division.

26 Nov 2009 10:47:01
(Official Notice)
Shareholders are advised that Wescoal is currently finalising its results for the six months ended 30 September 2009. Wescoal's earnings per share and headline earnings per share for the six month period are expected to be lower than that of the corresponding period:



Earnings per share are expected to decrease between 40% and 55%; headline earnings per share are expected to decrease between 60% and 75%. Trading conditions have remained depressed during the six month period despite the general bullish view on coal for the long term. Volumes are down in line with the national decline in manufacturing activity and increased competition from producers who traditionally favoured exports over local sales. Although inland pricing levels decreased, these decreases were not as severe as the reduced free on mine prices experienced by the export market.



No improvement in trading conditions are expected until the later half of 2010. The mining division will be boosted by the Khanyisa mine acquisition. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. The company's results for the six months ended 30 September 2009 are expected to be published on SENS by early December 2009.
16 Oct 2009 16:54:34
(Official Notice)
Shareholders are advised that, at the AGM of Wescoal shareholders held, the special resolution and all the ordinary resolutions as set out in the notice of AGM were passed by the requisite majority of shareholders present and represented by proxy, save that Mr M J Sikhosana withdrew his availability for re-election as director and was therefore not re-elected. The special resolution will be submitted to the Registrar of Companies for registration in due course.



At the board meeting which took place after the conclusion of the AGM, the board invited Mr Wiseman Khumalo to join the board as an non-executive director, and he accepted. Mr Khumalo has a B.Comm (Accounting) degree from Rhodes University and an MBA from University of Cape Town (Graduate School of Business). He is executive director of African Regenerated Energy (Pty) Ltd and GHG Reductions (Pty) Ltd.
07 Oct 2009 13:38:57
(Official Notice)
Shareholders are referred to the announcements dated, 24 and 25 June 2009 and 13 August 2009 where it was announced that Wescoal Mining (Pty) Ltd, a wholly owned subsidiary of Wescoal has, subject to conditions precedent, purchased from Nucoal Mining (Pty) Ltd the business of Nucoal under the name and style of Khanyisa Mine and certain specified assets and liabilities. The board of directors of Wescoal announce that all conditions precedent have now been fulfilled and that the acquisition has become unconditional in all respects.
28 Sep 2009 13:07:34
(Official Notice)
Shareholders are advised that the annual financial statements of Wescoal were distributed on Friday, 25 September 2009, and contain no modifications to the audited results published on SENS on 30 June 2009. Notice is hereby given that the 2009 annual general meeting of shareholders will be held at 10:00 on Friday, 16 October 2009 at the company's registered offices, 228 Voortrekker Street, Krugersdorp.
13 Aug 2009 09:22:10
(Official Notice)
Shareholders are referred to the announcements dated 24 and 25 June 2009 where it was announced that Wescoal Mining (Pty) Ltd, a wholly owned subsidiary of Wescoal has, subject to conditions precedent purchased from Nucoal Mining (Pty) Ltd the business of Nucoal under the name and style of Khanyisa Mine and certain specified assets and liabilities.



Shareholders are advised that the unconditional approval by the competition commission was received by Wescoal on 11 August 2009. Shareholders will be advised when all other conditions precedent have been met and the acquisition becomes unconditional in all respects.
20 Jul 2009 09:25:48
(Official Notice)
Notification is hereby given that Ms Teresita van Gaalen has been appointed as an independent non-executive director to the board of directors with effect from 17 July 2009. Teresita was previously the managing director of Subaru Southern Africa and served as a member of the Barloworld Automotive Executive management board. She currently also serves as a non-executive director of IRUDI SA, Consortium One and as a chartered practitioner heads up her own business development agency specialising in marketing and corporate communications.
30 Jun 2009 13:40:26
(C)
The group experienced a reduced demand from the manufacturing sector that experienced an annualised decrease of 20% in production activity. Pricing structures and margins had to be adapted to the circumstances and more focus placed on cost reductions and volume retention. Despite these circumstances, the group has posted net profit increases of 21.1% for the second half and 51.5% for the full year under review. The trading division continues to perform well but the reduced input costs at the production facility were eroded by the severe reduction in pricing structures. Profit from operations increased by 40.1% to R25.3 million and the increase can be attributed to the increase in selling prices as well as an increase in margins. Gross margins improved to 9.9% from 9.1% achieved in the previous year. Profit attributable to equity holders of the group improved by 56.3% to R 18.5 million.



Dividends

No dividend has been declared. The board reviews the dividend policy on an ongoing basis and use new projects, possible acquisitions and the group's financial position as indicators in this decision taking process.



Prospects

Export prices of coal appear to have stabilised that will in turn stabilise inland pricing however, management believe there could be further reductions in the short term to bring it in line with API#4. Manufacturing activity continues to be depressed and teh group will therefore still experience reduced demand for the balance of 2009 and possibly the first half of 2010. The decision taken in November 2008 to focus capital expenditure on short term revenue generating projects has paid dividends in the recently announced acquisition of Khanyisa Mine in Mpumalanga. This is the first time the group will have a low cost producer of raw coal bringing a new dimension to the group and resulting in many additional opportunities for Wescoal. The rationale and terms of the transaction were announced on SENS on 24 June 2009 however to emphasise, the acquisition will undoubtedly reduce current input costs substantially and thereby enhance earnings. In addition, the Wescoal continues to seek and review any additional opportunities and in the current economic climate, the company is confident that positive results will be achieved.
25 Jun 2009 11:12:46
(Official Notice)
Shareholders are referred to the announcement dated 24 June 2009 where it was announced that Wescoal Mining (Pty) Ltd, a wholly owned subsidiary of Wescoal has purchased from Nucoal Mining (Pty) Ltd the business of Nucoal of conducting a mining operation at Portions 96, 97 and 99 Heuwelfontein 215 IR under the name and style of Khanyisa Mine and certain specified assets and liabilities. Caution is no longer required to be exercised by shareholders when dealing in their securities. Shareholders will be notified once the proposed acquisition has become unconditional.
24 Jun 2009 15:29:30
(Official Notice)
18 Jun 2009 12:41:37
(Official Notice)
Shareholders are advised that Wescoal is currently finalising its results for the year ended 31 March 2009 and are advised that its earnings per share and headline earnings per share for the year is expected to be between 15% to 30% over that of the corresponding period. The company's results for the year ended 31 March 2009 are expected to be published on SENS towards the end of June 2009.
12 May 2009 10:18:36
(Official Notice)
Further to the cautionary announcement dated 6 April 2009, shareholders are advised that Wescoal is still involved in negotiations, which if successfully concluded, may have an effect on the price at which Wescoal's securities trade on the JSE Ltd. Shareholders are accordingly advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
06 Apr 2009 13:04:55
(Official Notice)
Shareholders are advised that Wescoal has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
09 Jan 2009 10:30:13
(Official Notice)
Shareholders are advised that a wholly owned subsidiary of Wescoal has repurchased 6% of its own shares on the open market of the JSE Ltd ("JSE"), in accordance with the general authority granted by its shareholders at its annual general meeting held on 29 October 2008 ("the repurchase").



Implementation

As at 5 December 2008, 4 377 940 Wescoal ordinary shares, equivalent to 3% of the issued share capital of Wescoal, had been purchased by Wescoal. A total of 8 608 851 Wescoal ordinary shares, equivalent to 6% of the issued share capital of Wescoal, has now been purchased by Wescoal between 5 December 2008 and 7 January 2009. Details of shares repurchased since the commencement of the repurchases are as follows:

*Number of ordinary shares repurchased -- 8 608 851

*Cost of ordinary shares repurchased -- R6 335 609

*Highest price paid per ordinary share -- R0.89

*Lowest price paid per ordinary share -- R0.65

*Average price paid per ordinary share -- R0.74

The repurchases have been funded from available cash resources.



Repurchased securities

The repurchased shares will be used to settle the purchase consideration for the acquisition of the Prospecting Rights extending over Portions 16 and 12 of the Farm Vlakvarkfontein 213 IR district of Witbank as referred to in the SENS announcement dated 19 November 2008.
09 Dec 2008 09:12:57
(Official Notice)
Shareholders are advised that a wholly owned subsidiary of Wescoal has repurchased 3% of its own shares on the open market of the JSE Limited in accordance with the general authority granted by its shareholders at its annual general meeting held on 29 October 2008. A total of 4 377 940 Wescoal ordinary shares equivalent to 3% of the issued share capital of Wescoal has been purchased by Wescoal on 5 December 2008.
05 Dec 2008 12:39:59
(C)
Despite the mild winter trading again posted improved performances with revenues margins and profit from operations showing substantial increases.These results were mainly driven by price increases and the incorporation of the express coal acquisition from 1 April 2008.Revenue was up by 54% since 30 September 2007 and Headline earnings per share was up 78% for the period 30 September 2008.

No interim dividend has been declared.

With the exception of the metallurgical industries currently local demand for coal remains at high levels however international demand has softened resulting in reduced API#4 and NEWC prices. Management foresees a possible reduction in local demand due to the economic climate and no substantial price increases until October 2009. To negate the potential impact the group has entered into favourable supply contacts and earnings growth will come from additional volumes reduced input cost at the washing operation overall cost controls and the focused investment of the capital raised. Shareholders can therefore look forward to continued earnings growth despite the negative economic climate.The planning of the new production facility for Wescoal Mineral Recovery to increase production of briquettes from 2,000 to 20,000 tons per month is far advanced and construction should begin early in 2009.The downturn in the construction industry has been advantageous to the project as all brick makers are increasingly seeking lower cost product.
28 Nov 2008 11:27:02
(Official Notice)
Shareholders are advised that Wescoal is currently finalising its interim results for the period ended 30 September 2008 and are advised that Wescoal's earnings per share for this period are expected to increase by between 40% and 50% over that of the previous corresponding period and headline earnings per share for this period are expected to increase by between 45% and 55% over that of the previous corresponding period. The results for the period ended 30 September 2008 are expected to be published on SENS by the first week in December 2008.
19 Nov 2008 09:16:24
(Official Notice)
Shareholders are referred to the announcements dated 6 March 2008 and 10 April 2008 in which it was announced that subject to the fulfilment of certain conditions precedent, Wescoal has purchased:

*the prospecting rights extending over Portions 16 and 12 of the Farm Vlakvarkfontein 213 IR district of Witbank from Razorbill Properties 269 (Pty) Ltd ("Razorbill") ("Vlakvarkfontein acquisition");

*the prospecting rights over Portion 10 of the Farm Bankfontein 216 IR district of Witbank from Vuselela Mining (Pty) Ltd ("Vuselela") ("Bankfontein acquisition "); and

*the prospecting rights over Portions 8,9 - 10 of the Farm Mooiplaats 165 JS Mpumalanga province from Vuselela ("Mooiplaats acquisition"). collectively "the coal rights acquisitions".



Completion of Vlakvarkfontein acquisition

Shareholders are advised that all conditions precedent in respect of the Vlakvarkfontein acquisition have now been fulfilled including the receipt of the Section 11 transfer in terms of the Minerals and Petroleum and Resources Act, 2002 and accordingly, the board of directors of Wescoal announce that the Vlakvarkfontein acquisition has now become unconditional in all respects. Messrs Robinson Ramaite and Mpumelelo Sikhosana, directors of Wescoal, have an equity interest in Razorbill and Vuselela through their BEE company Waterberg Portion Property Investments (Pty) Ltd and it is therefore regarded as a related party to Wescoal in terms of the Listing Requirements of the JSE Ltd ("Listing Requirements"). However the Vlakvarkfontein acquisition is not regarded as a related party transaction as the percentage in paragraph 10.6(c) read with paragraph 21.11(a) of the Listing Requirements is below 10% of the market capitalisation of Wescoal.



Further announcements on acquisitions

Shareholders will be notified of the progress of the Bankfontein and Mooiplaats acquisitions in due course.
29 Oct 2008 12:08:56
(Official Notice)
Shareholders are advised that, at the annual general meeting of Wescoal shareholders held, all the resolutions were passed by the requisite majorities of shareholders present and represented by proxy. The special resolution will be lodged for registration with the Registrar of Companies in due course.
07 Oct 2008 13:16:13
(Official Notice)
Wescoal shareholders are advised that the company has entered into a joint venture agreement with Kubra Mining to mine the Schoongezicht reserve.
26 Sep 2008 12:01:05
(Official Notice)
Shareholders are referred to the announcement dated 9 September 2008 regarding the strike action at the Blesboklaagte plant in Witbank. Shareholders are advised that the strike action has been ended after acceptance of Wescoal's original offer by employees and the plant has returned to full production.
09 Sep 2008 08:35:01
(Official Notice)
Wescoal regrets to announce that the coal operations at the Blesboklaagte plant in Witbank have been interrupted as a result of strike action by the local Union, due to an unsettled wage dispute. Management continues to engage with the interested and affected parties and aims to resolve the situation as soon as possible. Further updates will be issued should there be a change in the situation.
03 Jul 2008 09:34:06
(Official Notice)
Shareholders are advised that Wescoal has raised R80 500 000 in capital by the issue of shares for cash at 230 cents per ordinary share. The JSE has granted a listing of the new shares with effect from the commencement of business on Friday, 4 July 2008.
11 Jun 2008 15:59:44
(C)
The group's revenue for the financial year increased by 40%. Profits from operating activities increased by 166.5% compared to last year and attributable earnings and headline earnings increased by 384.2% and 209.3% respectively compared to last year. No dividend had been declared.



Prospects

The demand for coal remains at high levels and with producers finding it difficult to fulfill Richards Bay Coal Terminal allocations, the pressure on local supply and pricing will remain for some time to come. Prices will continue to track RBCT API#4 which continues to break record levels. Severe price increases have already been experienced subsequent to the reporting period as a result of this. Planning is under way to build a new production facility for Wescoal Mineral Recovery to increase production of briquettes from 2 000 to 20 000 tons per month. With the high pricing levels for coal, some industries are turning to the more cost effective briquetted product. Prospecting is ongoing in some of the exploration areas but the work rate will, in conjunction with drilling contractors, be accelerated to complete the process within 2 years. In addition, the group will continue to seek additional resources.
09 Jun 2008 10:29:07
(Official Notice)
Shareholders are advised that Wescoal is currently finalising its results for the year ended 31 March 2008 and are advised that its earnings per share for the year is expected to be between 10.9 and 11.4 cents per share compared to earnings per share of 2.3 cents for the twelve months ended 31 March 2007 and headline earnings per share is expected to be between 11.0 and 11.5 cents per share compared to headline earnings per share of 3.8 cents for the twelve months ended 31 March 2007. This equates to an increase of between 375% to 395% in earnings per share and 185% to 205% in headline earnings per share over that of the corresponding period. The company?s results for the year ended 31 March 2008 are expected to be published on SENS towards the middle of June 2008.
03 Jun 2008 08:58:27
(Official Notice)
Wescoal Mining (Pty) Ltd, a wholly owned subsidiary of Wescoal has subject to certain conditions precedent, purchased for R60, a 60% shareholding in NewCo, a company to be formed for the purpose of transferring the initial new order prospecting rights (NOPR) granted by the department of Mineral - Energy extending over certain farms, from Proudafrique Trading 147 (Pty) Ltd from Johannes Cornelius van der Westhuizen and Christie Deon Noble. Proudafrique has purchased the remaining 40% shareholding in Newco. Caution is no longer required to be exercised by shareholders when dealing in their securities. Shareholders will be notified once the acquisition has become unconditional.
20 May 2008 14:28:38
(Official Notice)
Shareholders are advised that Wescoal has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company?s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company?s securities until a full announcement is made.
21 Apr 2008 08:41:19
(Media Comment)
Business Report noted that Wescoal has more than doubled over the past six sessions on the JSE, on rumours that the group may be a takeover target and following its acquisition of prospecting rights. Wescoal surged 55c on Friday, 18 April 2008, to R2.33.
10 Apr 2008 12:46:09
(Official Notice)
Wescoal has subject to certain conditions, purchased:

* the Prospecting Rights extending over Portions 16 and 12 of the Farm Vlakvarkfontein 213 IR district of Witbank from Razorbill Properties 269 (Pty) Ltd;

* the Prospecting Rights over Portion 10 of the Farm Bankfontein 216 IR district of Witbank from Vuselela Mining (Pty) Ltd; and

* the Prospecting Rights over Portions 8,9 - 10 of the Farm Mooiplaats 165 JS Mpumalanga province from Vuselela.



Caution is no longer required to be exercised by shareholders when dealing in their securities.
06 Mar 2008 17:49:02
(Official Notice)
Shareholders are advised that Wescoal has entered into negotiations, which if successfully concluded, may have a material effect on the price of the company's securities. Accordingly, shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
05 Mar 2008 13:43:19
(Official Notice)
Shareholders are referred to the announcement released on SENS on 15 November 2007 in which it was announced that Chandler Coal (Pty) Ltd, a wholly owned subsidiary of Wescoal, has purchased the business of Atlantis Coal Estate CC and Express Technology CC. Shareholders are advised that the final condition precedent to the transaction has been satisfied, namely the unconditional approval of the transaction by the Competition Commission. Accordingly, the board of directors of Wescoal announces that the acquisition has now become unconditional in all respects.



Shareholders are also referred to the announcement released on SENS on 20 November 2007 in which it was announced that Wescoal has agreed with Waterberg Portion Property Investments (Pty) Ltd to subscribe for 5 000 000 ordinary shares in Wescoal at 107 cents per share, for a total cash consideration of R5 350 000 in terms of a general issue of shares for cash. The implementation of the general issue was subject to the Competition Commission approving the Express acquisition. Shareholders are advised that the general issue will now be implemented.
21 Jul 2006 08:34:18
(Official Notice)
Shareholders are referred to the announcement dated 31 May 2006, in terms of which it was announced that Wescoal has, subject to certain conditions precedent, agreed to purchase all the issued shares in and certain shareholders' claims on loan account against Anker Coal - Mineral Holdings South Africa (Pty) Ltd ("the acquisition"). The Competition Commission has, on 19 July 2006, unconditionally approved the acquisition. The Competent Person's Report is in the process of being finalised and the circular to shareholders will be issued in due course.
10 Jul 2006 14:35:45
(Official Notice)
Shareholders are referred to the announcement dated 31 May 2006, in terms of which it was announced that Wescoal has, subject to certain conditions precedent, agreed to purchase all the issued shares in and certain shareholders' claims on loan account against Anker Coal - Mineral Holdings South Africa (Pty) Ltd. The group has released the financial effects of the transaction and caution is no longer required to be exercised when dealing in the group's securities.
22 Jun 2006 15:25:53
(C)
The groups revenue for the year was 8.2% lower than the comparative period. Sales into the domestic market were 19.2% lower than last year due to extremely warm conditions prevailing during the 2005 winter. Similar trends were experienced in the off take of coal by seasonal producers and industrial customers. Margins reduced by 0.6% to 8.0% from last year mainly due to the low demand and over supply of coal product. Earnings per share and headline earnings per share were 4.7c and 4.2c respectively. The group acquired the remaining 66% of Wescoal Mining on 18 July 2005. Wesmine experienced difficulties during the second half of the year where, during this period, raw material supply to Wesmine was interrupted for 3 months. This situation was addressed and rectified during March 2006 with the signing of a raw material supply agreement.



Prospects

Since the beginning of March 2006, the market conditions have improved resulting in Wescoal achieving record sales and profits for the first two months of the financial year ending 31 March 2007. In addition the raw material supply agreement resulted in Wesmine returning to profits. Should the favourable market conditions continue as expected, management is confident of achieving the forecast EPS and HEPS of 8.6c for the year ending 31 March 2007.



Dividend

In line with the groups growth strategy, no dividend was declared for the year.
19 Jun 2006 14:51:31
(Official Notice)
Shareholders are referred to the forecast financial information for the year ended 31 March 2006, published in the prospectus to shareholders dated 7 July 2005, wherein it was advised that earnings per share ("EPS") and headline earnings per share ("HEPS") would be 7.8c.



Shareholders are advised that Wescoal is currently finalising its results for the year ended 31 March 2006 and that it is expected that EPS and HEPS would be 40% - 45% lower than those of the forecast financial information. The main reasons for the lower earnings were difficulties experienced at Wesmine during the second half of the year where, during this period, raw material supply to Wesmine was interrupted for 3 months. This situation was addressed and rectified during March 2006. In addition difficult trading conditions were experienced due to the warm weather conditions during the 2005 winter and a low off take of coal by seasonal producers.



Shareholders are however advised that since the beginning of March 2006, the market conditions have improved resulting in Wescoal achieving record sales and profits for the first two months of the financial year ending 31 March 2007. Should the favourable market conditions continue as expected, management is confident of achieving the forecast EPS and HEPS of 8.6c for the year ending 31 March 2008.
01 Jun 2006 09:20:26
(Media Comment)
Wescoal's share price rose 26.87% on 31 May 06. Business Report noted that the large gain was due to an announce that the group would acquire Anker Coal for R250 million.
31 May 2006 10:13:29
(Official Notice)
Shareholders are referred to the cautionary announcements dated 18 January 2006, 8 March 2006, 23 March 2006 and 5 May 2006. Wescoal has, subject to conditions precedent, purchased all the issued shares in and certain shareholders' claims on loan account against Anker Coal - Mineral Holdings South Africa (Pty) Ltd from its two shareholders: 65% was acquired from Anker Holding BV and 35% was acquired from Community Investment Holdings (Pty) Ltd for R50 million. The proposed acquisitions are subject to separate purchase agreements and have different terms and conditions.



The company will pay an amount of R50 million for Community Investment Holdings' 35% share and will forward to Anker, in respect of the remaining 65%, one rand for the shares. The purchase price of the sale claims was the aggregate of the following amounts:

- R5 per run-of-mine ton mined from certain specified reserves, which amount will be payable for 30 years or until the specified reserves have been depleted or until the aggregate payments shall have totalled the sum of R200 million, whichever occurs first;

- 2.5% of the free-on-board ton price of all coal, limited to 1 million tons per annum, exported through Anker SA's allocation through South Dunes Coal Terminal, payable for 15 years or until the total sum received by Anker Holding shall have totalled R200 million, whichever occurs first. Anker Holding shall retain a short term loan of R5 million, which shall be repaid by Anker SA within 10 days of fulfilment of the conditions precedent. Within 30 days of the date of fulfilment of the conditions precedent, Wescoal shall procure the release of Anker Holdings from guarantees amounting to R120.5 million given by Anker Holdings to certain financial institutions.



Further cautionary

Shareholders are advised to continue exercising caution when dealing in the company's securities until the financial effects have been announced.

05 May 2006 14:04:50
(Official Notice)
Further to the cautionary announcements dated 18 January 2006, 8 March 2006 and 23 March 2006, Wescoal is still in negotiations with the current shareholders of Anker Coal and Mineral Holdings South Africa (Pty) Ltd regarding the acquisition of equity in Anker. The transaction is still subject to the signing of final legal agreements and the fulfilment of conditions precedent. Accordingly, shareholders are advised to continue exercising caution when dealing in the company's securities until a full announcement is made.
23 Mar 2006 13:39:41
(Official Notice)
Further to the cautionary announcements dated 18 January 2006 and 8 March 2006, shareholders should note that Wescoal has reached in principle agreement with the current shareholders of Anker Coal and Mineral Holdings South Africa (Pty) Ltd regarding the acquisition of equity in Anker. The transaction is still subject to the signing of final legal agreements and the fulfilment of conditions precedent.
08 Mar 2006 16:24:20
(Official Notice)
Further to the cautionary announcement dated 18 January 2006, negotiations are still in progress, which if successfully concluded, may have a material effect on the price of the company's securities.
18 Jan 2006 10:12:57
(Official Notice)
Wescoal issued a cautionary announcement on 18 January 2006 advising that it was in negotiations which ,if successfully concluded, could affect its securities.
15 Nov 2005 16:25:25
(C)
Sales into the domestic market were 19.2% lower than last year due to extremely hot conditions prevailing during the winter months. The prior year sales figure also include export sales to the value of R18 million and gross profit to the value of R1.4 million. Due to the strengthening of the rand none of these export orders materialised this year. Sales of coal into the industrial market were also down due to the warm weather conditions. Despite these factors and the impact on revenue of the hottest winter in 30 years, earnings per share increased by 4.9% to 4.3c (4.1c).



The group successfully acquired the remaining 66% of Wescoal Mining on 18 July 2005. Since the group took control over Wesmine, production improved by 75% and the company turned to profitable levels for the first time. Access to its own washed coal has not only secured new customers for the group but also allow additional margin at manufacturing as well as trading level. Margin improved from last year's levels of 8.7% to the current level of 9.3%. This improvement is due to the successful integration of Wesmine into the group. The successful JSE listing on 20 July 2005 with the capital raising and private placing of R 7 million, allowed the group to further upgrade the existing coal washing facilities and to aggressively pursue additional coal deposits.



Future prospects

The group is aggressively pursuing additional coal deposits and the board is confident of success on that front. The trading operation was negatively affected by the mild winter conditions but there are no seasonal effects that can impact on revenues in the second half of this financial year. The board is therefore confident that the group will achieve the profit forecast as set out in the prospectus dated 7 July 2005.
19 Aug 2005 16:13:18
(Official Notice)
Further to the announcement made on 19 July 2005 on SENS, shareholders are advised that the JSE approved the listing of an additional 3 709 139 ordinary Wescoal shares. The shares were issued to Hilkru Mining Development (Pty) Ltd as part of the acquisition of Wescoal Mining (Pty) Ltd at an issue price of 55.8081cps.
21 Jul 2005 10:09:41
(Media Comment)
Wescoal`s share price dropped 21% on 20 July 05, its opening day on the AltX. Business Report stated that no funds were raised as the listing was for administrative purposes.
07-Aug-2018
(X)
The main business of the Group is the mining, processing, sale and supply of coal. Coal product is mined, sourced and supplied to clients in local industry including power generation, manufacturing and petro-chemicals sectors.The key strategic thrust of Wescoal is to be a leading junior coal miner with a sustainable resource base and a coal trading operation.


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