Cash-pumping but lossmaking Wescoal to broaden from coal to energy company
Johannesburg Stock Exchange-listed coal-mining company Wescoal, which narrowed its losses in the 12 months to the end of March, is transitioning from being a coal miner to a broader energy company. “Towards the end of the new financial year, we will come back to the market in terms of our overall focus and firm strategic plan on how we plan to take a broader energy role forward,” Wescoal CFO Jubilant Speckman said on Friday. (Also watch attached Creamer Media video.)