BRIEF-Wescoal Receives Force Majeure Notification From Eskom

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BRIEF-Wescoal Receives Force Majeure Notification From Eskom
Credit: © Reuters.

April 21 (Reuters) - Wescoal Holdings Ltd WSLJ.J :

* WESCOAL RECEIVES ‘FORCE MAJEURE' NOTIFICATION FROM ESKOM

* ESKOM SERVED WESCOAL WITH LETTERS CALLING FORCE MAJEURE ON COAL SUPPLY AGREEMENTS IN PLACE FOR SUPPLY OF COAL TO THEIR POWER STATIONS

* INDICATIONS AND EXTENT OF REDUCED COAL OFFTAKE BY ESKOM ARE AS YET UNQUANTIFIABLE

* POTENTIAL IMPACT ON WESCOAL CANNOT BE QUANTIFIED UNTIL DISCUSSIONS WITH ESKOM HAVE BEEN CONCLUDED.

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