Wescoal Mining, a wholly owned subsidiary of Wescoal, announced that it 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 Mt of coal with a strip ratio of 1.5 to 1. The company said that mine establishment has commenced and the first coal is expected to be produced by June 2013. Meanwhile, despite the delay in the commissioning of Intibane, Wescoal Minings management said that it is satisfied with Wescoals production for 2013.
Wescoal Mining has produced 1,304,298 tons of coal for the period to March 2013, while Chandler Coal, the trading arm of Wescoal, sold 413 165 tons of coal for the period to March 2013.The company has been advised that it has been awarded a 200 000 tpa allocation from the Quattro coal export scheme through the Richards Bay Coal Terminal. Wescoal noted that results for the year ended 31 March 2013 are expected to be released by the middle of June 2013.