About HCI Coal
HCI Coal is a wholly owned subsidiary of Hosken Consolidated Investments Limited (HCI), a black empowerment investment holding company, listed in the financial sector on the Johannesburg Securities Exchange (JSE) South Africa. HCI Coal was formed, as a joint venture with a consortium, in 2006.
Today, HCI Coal is a junior mining company with the purpose of mining coal resources in the Mpumulanga province of South Africa, to sell to local and export markets. HCI Coal’s operating mines are Palesa and Mbali. The company is also actively investigating further coal deposits in South Africa and adjacent countries.
HCI Coal achieved strong financial results for the year ended March 2017 with good operational performance at the Palesa and Mbali mines, which supply a range of coal products. Palesa produces thermal coal mainly for Eskom but, more recently, began supplying into the export market. Mbali produces an A-grade thermal coal (exported), a middlings product (for Eskom) and a 5-seam metallurgical product (sold locally). With focus on zero lost time incidents, cost containment, fit-for-purpose structures and processes, HCI Coal is well positioned for sustainable growth.
From an initial supply of 4653 tons in 2009, Palesa increased to a total sales volume of 2182 413 tons in 2017.
From an initial supply of 360 000 tons per annum, Mbali had a total sales volume of 818 072 in 2017.
HCI Coal Proprietary Limited is a junior mining company with the purpose of mining coal resources to sell to local and export markets. HCI Coal is a wholly owned subsidiary of Hosken Consolidated Investments Limited (HCI).
About HCI Coal