Johannesburg, South Africa — MININGREVIEW.COM — 07 December 2010 – Wescoal Holdings Limited “’ a black empowered company listed on the JSE main board “’ says it has been awarded a prospecting right over parts of Vlaklaagte “’ a farm located in the country’s coal-rich Witbank area.
The company “’ which focuses on the mining, buying, selling and processing of coal “’ revealed in a statement here that Vlaklaagte has an inferred resource of 20.1Mt of coal. It lies close to Anglo Coal’s Greenside colliery and Xstrata Coal’s Tweefontein colliery.
“Being awarded the new order prospecting right is another step in Wescoal’s strategy to further develop the coal mining segment of our business, and to increase our resource base,” chief executive Andre Boje said in the statement.
The company said further exploratory drilling would start in 2011, after which an application for a mining right would be submitted to the Department of Mineral Resources.
Wescoal pointed out that the new prospecting right brings the total resource under prospecting rights held by the company to an estimated 97.2Mt.