Moabsvelden also lifted the group's profits in its 2022 half year, putting it on track for full-year production of 8-million tonnes
Junior coal miner Wescoal, which counts Eskom as its major customer, returned to profit in its half-year to end-September, on track to reach its 2022 production target after getting a bump from its flagship Moabsvelden project in Mpumalanga.
Wescoal invested R228m in Moabsvelden, whose contribution helped Wescoal grow revenue 24% to R2.6bn to end-September, while profit jumped to R81m, from R11m previously...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toyota targets 2022 Dakar Rally win with revamped HiluxThe win eluded the local outfit last year but things are looking up for the 2022 campaign
Read more »
Your A-Z guide to new cars you can expect to see in 2022There is plenty to look forward to from a motoring perspective in 2022. This week we quizzed all the automakers in the land about their product plans for the new year
Read more »
Toyota targets 2022 Dakar Rally win with revamped HiluxThe win eluded the local outfit last year but things are looking up for the 2022 campaign
Read more »
Your A-Z guide to new cars you can expect to see in 2022There is plenty to look forward to from a motoring perspective in 2022. This week we quizzed all the automakers in the land about their product plans for the new year
Read more »
Australians have little to cheer amid beer shortageBrewers flag protracted delays and lower production due to supply chain problems
Read more »
Amapiano racks up 1.6bn TikTok viewsSiyathandana by Cassper most popular locally produced track.
Read more »