WESCOAL HOLDINGS LIMITED | PROFILE
Value chain
Wescoal (a majority black owned
box exercises to community needs
Wescoal has a growing sense of
entity) is committed to building a
driven initiatives. For example, we
duty to engage and exert influence
South Africa that is inclusive and fair.
were able to respond to COVID-19
on our customers and suppliers to
By delivering shared value through
challenges because of our proximity
reduce and mitigate ESG impacts,
our empowerment initiatives, Wescoal
to community structures.
and to collaborate with them
is making a meaningful contribution
towards sustainable and alternative
to many of our stakeholders, while
EMPOWERMENT STATUS
business models.
ensuring the long-term stability and
Black Empowerment level –
profitability of our business.
shareholding (%):
Stakeholders
>50.1% black shareholding
Stakeholder engagement provides
It is this belief that has been at the
opportunities for us to align business
heart of our B-BBEE efforts within
Black Empowerment Level - executive
practices with societal needs and
Wescoal: that the success of South
directors/senior management (%):
expectations, helping to drive long-term
Africa – in driving inclusive growth and
>50.1% black executive directors
sustainability and shareholder value.
social cohesion – is our success too.
What innovations have you been
Wescoal views its B-BBEE status and
directors/senior management (%):
responsible for?
rating as a strategic and competitive
25.1-50% female executive directors
• 50% interest in Arnot Mine acquired
lever that positions it advantageously
• Khanyisa Triangle operationalised
in the market compared to
Black Empowerment - total staff (%):
other junior mining entities. This
>50.1 % black staff
Gender empowerment level – executive
(100% acquired FY19) • Acquired remaining 26% minority in Moabsvelden effective 30 June 2019 • Vanggatfontein extension in start-up of pit 5 • Khanyisa extension in start-up of Triangle 2 • Moabsvelden development initiated, to commence box cut development during June 2020
commitment to B-BBEE is not only to ensure compliance but a tool used
Gender empowerment – total staff (%):
to measure our ownership profile and
25.1-50% female staff
core values as a “good citizen South African entity” with an empowering
COMPANY INFORMATION
supplier status.
Branches:
PARTNERSHIPS, DEALS, MERGERS AND ACQUISITIONS Wescoal acquired a 50% interest in
Specific BEE achievements
the empowering Arnot Mine from
We are currently a B-BBEE Level 2
Exxaro. The group business now has
contributor with 58% black ownership
coal resources in excess of 300 million
and over 88% black employees. This is
tonnes, three operating mines, four
in line with our commitment to play a
processing plants and minor interests
leading role in driving transformation
in coal supply chain infrastructure.
• Elandspruit • Khanyisa Complex • Vanggatfontein • Moabsvelden Colliery • Arnot Mine (50% Shareholding) Wescoal Trading depots: Pretoria, Bellville, Benoni Turnover: R3,81-billion EBIDTA: R332-million Financial year-end: March
within the junior mining sector and our majority black ownership continues
CSI INITIATIVES
Subsidiaries: Wescoal Mining,
to set us apart from other miners. With
We are not just focusing on
Wescoal Trading, Keaton Energy
the employment and integration of
compliance, but rather being
JSE listing and date: 20/07/2005
women in strategic positions, Wescoal
more engaged with community
continues to drive gender balance
structures to meet their needs.
Key clients: Eskom, Kelvin Power
within its structure from the top-down.
We’ve also moved away from tick
2 0 TH E D I T I O N
Station, industrial and commercial customers under our Trading Business
IMPUMELELO TOP EMPOWERMENT
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