Steadfast Wescoal reacts firmly to stave off negative reports

摘要

A STEADFAST Wescoal last week reacted firm ly to stave off negative news reports by restating that an offer made for the company had been taken off the table after conditions could not be met and simultaneously reconfirmed its oft-stated position of wanting to increase its black shareholding to 50 plus 1% to take full advantage of market requirements and be part of the dynamics of transforming South African mining. Wescoal chairperson Robinson Ramaite reiterated that the offer process, which independent board members had managed, had been withdrawn after certain conditions could not be met.