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Wescoal achieves ‘best ever’ financial results

JOHANNESBURG (miningweekly.com) – South African coal mining and trading company Wescoal has posted its “best financial results ever” as it reins in costs, ramps up operations and sets a stable foundation for sustainable growth. The JSE-listed firm on Thursday posted a 76.1% surge in headline earnings a share to 27.1c apiece for the year ended March 31. Earnings a share rose 66.6% to 26.2c for the year under review.