WESCOAL HOLDINGS LIMITED - Water use licence for Wescoal's Khanyisa Colliery
WSL 201605260032A
Water use licence for Wescoal's Khanyisa Colliery
WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or "the Group")
WATER USE LICENCE FOR WESCOAL’S KHANYISA COLLIERY
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
26 May 2016
Sponsor
Nedbank Corporate and Investment Banking
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