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The signing of the CSA is a big boost for the mining company, its ex-employees, and Middelburg's neighbouring community, where it operates.
“This sorting technology solution will enable us to impact on ESG, while creating shareholder value from optimising our coal resources."
ASC will provide a crushing, screening and sensor-based sorting solution centred around advance dual-energy XRT unit to process RoM coal.
Wescoal has successfully performed its first coal blast at Moabsvelden which has led to first own coal sales delivery to Eskom last week.
Demana has led the development of the current Wescoal strategy, anchored on the three pillars of Stability, Sustainability and Scalability.
"Having stabilised our mining operations, the focus now shifts to the roll-out of cost saving initiatives to further improve profitability."
Wescoal has entered into a long-term coal supply agreement with Eskom to supply coal for the next 10 years from its development project, Moabsvelden.