Wes there’s a will…

Finweek English Edition - - COMPANIES & MARKETS -

Th­eS­PEC­ta­cle won­ders how many preda­tory eyes are fas­tened on the brit­tle share price of coal miner and mer­chant WESCOAL? Maybe it wasn’t so easy for Wescoal to shift from be­ing mainly a mer­chant to a full-scale miner – even though the mar­ket was pretty en­am­oured with the idea ini­tially.

Th­eS­PEC­ta­cle still reck­ons there’s a great deal to be done by merg­ing em­pow­er­ment gi­ant HCI’s coal in­ter­ests with Wescoal – pos­si­bly in a trans­ac­tion that cre­ates a more for­mi­da­ble coal op­er­a­tion.

But HCI’s coal op­er­a­tions have just turned prof­itable, which might curb en­thu­si­asm to adopt a loss-mak­ing com­pany. Then again, losses have never spooked the chaps at HCI…

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