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Wescoal announces new CFO

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World Coal,

South African coal miner, Wescoal, has appointed Bothwell Mazarura as Group Financial Director and Chief Financial Officer (CFO), the company said in a media statement. The appointment will be effective from 1 July.

Bothwell previously held various senior financial roles at South African platinum miner, Lonmin, including Head of Group Finance, Head of Treasury and Acting CFO. Before Lonmin, Bothwell worked for Deloitte in South Africa and the UK.

Izak can der Walt, Wescoal’s acting CFO, will take on the role of General Manager Finance for Operations from 1 July, providing support to the group and board financial roles.

JSE-listed Wescoal is active in both coal mining, processing and trading through two primary divisions: Mining and Trading.

The Mining Division accounts for 92% of the company’s operational EBITDA and also includes the its coal processing operations.

Although smaller, the Trading Division is much smaller, accounting for about 8% of operational EBITDA, and represents the company’s original business when it was incorporated in 1996 as Chandler.

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