[miningmx.com] – WESCOAL Holdings said it would extend the life of its Khanyisa colliery in Mpumalanga province after buying the prospecting permits for an adjacent property – Sarie Marais – for about R4m.
“The acquisition is in line with Wescoal’s stated goals of extending the life of its current operations to 2016 and beyond,” the company said. Khanyisa currently has a life of mine of between 12 and 18 months.
“The Sarie Marais Prospecting Right is contiguous to Wescoal’s current Khanyisa
operations and the existing box cuts allows seamless transition into the acquired area exposing higher grade and lower cost coal than current production,” it said.
