Junior coal miner Wescoal is a fairly unique investment in the listed space. Being black-owned and managed gives it an advantage in deal making. It’s helped the group to fund acquisitions in the past and also been a reason behind its ability to secure long-term coal supply agreements with Eskom, to which 65% of its production goes, while the rest goes largely into the domestic market.
That means Wescoal is not subject to the volatile price movements of the export market, and rather has a steady stream of income from its long-term contracts.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Loss-making Wescoal moves to cut costsAfter a bad year, the black-owned coal miner and Eskom supplier will undertake a cost-savings drive
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Former spy boss Arthur Fraser’s tell-all threat to define Zondo commissionThe deputy chief justice needs to determine if these claims can be backed up with genuine evidence, or are simply part of a tactic of distraction
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Government wants SABC job cuts halted: deputy ministerThe ministry of communications says as the SABC's sole shareholder, it has every right to order the public broadcaster's board and management to suspend the planned retrenchment of workers.
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Government wants SABC job cuts halted: deputy ministerThe ministry of communications says that as the SABC's sole shareholder, it has every right to order the public broadcaster's board and management to suspend the planned retrenchment of workers.
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Mining minister Gwede Mantashe admitted to hospital after contracting Covid-19According to minister in the presidency Jackson Mthembu, Mantashe was admitted on Monday on the advice of his family doctor. kgmadisa
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