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Black junior Wescoal set to soar

Stripping out Wescoal’s once-off nonrecurring costs paints a pretty picture of the performance of this black-controlled coal-mining and coal-marketing junior, which has declared a dividend payout of R22-million compared with R10-million last year The once-off costs of R90-million arose from the transaction that assures 51% black control for the company, and also from its acquisition of coal-min

Biggest coal plant in US west gets another two years to live

The Navajo generating station, the biggest coal-fired power plant in the US West, will live to see another two years. On Monday, Navajo Nation leaders approved a lease with the plant’s utility owners that will keep the ailing, 2 250 MW complex operating through December 2019. The owners signaled on Tuesday that they’ll sign the deal this week, the Navajo Nation Council said by email.

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