Coal-mining company Wescoal reported a R137-million loss for the 12 months to March 31, but performance in the latest two consecutive quarters has all the hallmarks of putting the coal-mining company back on the recovery path. Speaking to Mining Weekly on Tuesday, Wescoal CEO Reg Demana said the rising trend of quarter four (Q4) in the financial year just past continued into quarter one (Q1) of the new 2021 financial year (FY21), raising hopes of significantly improved earnings before interest tax depreciation and amortisation (Ebitda).
