South Afrcia’s Wescoal is to acquire 51 per cent of the Pegasus project in Mpumalanga Province, it has been announced.
The project—an undeveloped metallurgical and export quality thermal coal deposit with a resource of approximately 15 million tons—was previously owned by BHP Billiton Energy Coal South Africa. The project is located approximately 10 kilometres from Witbank, next to Exxaro’s Inyanda colliery.