Wescoal
JSE-listed coal miner and trader Wescoal Holdings has appointed Thivha Tshithavhane as CEO of its subsidiary Wescoal Mining, effective 1 April 2017. 

Tshithavhane 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 13 years. Tshithavhane remains an executive director of Wescoal Holdings.

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.

Wescoal Holdings CEO, Waheed Sulaiman, says the change of leadership in the mining division is in line with the company’s planned succession and transformation strategy.

“Dutch has contributed greatly to our success and will continue to play a role in our growth going forward,” he maintains.

In light of the several achievements and operational efficiencies that the company was able to unlock in 2016, the company remains committed to realising its next set of strategic objectives.

“As a means to continue to grow sustainably and further de-risk the business, Wescoal will actively acquire additional coal resources and has its sights firmly set on building a sustainable resource base through strategic, conservative and careful acquisition of additional resources or operations,” notes Sulaiman.

He adds that Wescoal will strongly pursue this in the medium term, in line with the company’s objective of producing 8 Mtpa of ROM coal in future – making the step change to a mid-tier mining company.

The company is also exploring further export opportunities arising due to the rand/dollar exchange rate in order to take advantage of the current export coal price.

As another means to de-risk and grow the business, Sulaiman notes that Wescoal is exploring opportunities within the coal logistics and associated infrastructure chain.

“We want to improve the movement of this bulk commodity as a means to optimise our entire business as it allows us to extract more value from the coal by tapping into and upgrading the means by which the coal is transported.”

In doing so, Wescoal is looking at investing in various rail sidings and rail transport opportunities as an area of future growth for the group.

Feature image credit: Wescoal

(Wescoal's Elandspruit mine)