Coal mining and marketing company Wescoal said on Thursday that it would be acquiring the assets, liabilities and employees of the Arnot coal mine in Mpumulanga from Exxaro in partnership with Innovators Resources, the shareholders of which are previous Exxaro employees retrenched during the shutdown of the operation in 2015. Wescoal interim CEO Dr Humphrey Mathe said in a release to Mining Weekly Online that the acquisition would quicken the re-start of mining at Arnot, following Section 11 ownership transfer approval from the Department of Mineral Resources.
