Wescoal: Izak van der Walt

Izak van der Walt has been Chief Financial Officer of Wescoal Holdings since 1 September 2017.

Izak van der Walt was appointed Chief Financial Officer for Wescoal Holdings Ltd on 1 September 2017. Izak joined Wescoal in 2015 as Group Financial Specialist and in 2015 became Acting Chief Financial Officer for nearly a year, providing high level guidance to the board and leadership to operations as part of the executive management team. Izak is a Chartered Accountant (SA) and member of the Public Accountants and Auditors Board, and prior to joining Wescoal he gained over 12 years’ experience in the mining sector in various financial management roles locally and internationally for BHP Billiton. He also serves as Executive Director to Wescoal subsidiary boards Wescoal Mining (Pty) Ltd, Wescoal Trading (Pty) Limited and Keaton Holdings Limited.

Work
2017 – Present    Chief Financial Officer, Wescoal
2013 – 2015         Finance Process Lead, 1SAP Project, BHP Billiton
2011 – 2012         Manager Finance Metalloys Operation, BHP Billiton
2006 – 2011         Financial Controller, BHP Billiton
2004 – 2006         Investment Manager, BHP Billiton
1996 – 2000         Consultant, PwC

Education
1999 – 1999         CA(SA), South African Institute of Chartered Accountants
1989 – 1997         BCompt, BCompt Hons, CTA, Accounting and Auditing

About Wescoal: The main business of the Group is the mining, processing, procurement and trading of coal. It has three wholly owned subsidiaries: Wescoal Mining (Pty) Ltd, Keaton Energy Holdings Ltd and Wescoal Trading (Pty) Ltd. In addition, the Group is involved in the buying and beneficiation of raw coal for distribution and sale to inland customers. The group operates principally in South Africa. Since its purchase of Keaton Energy in June 2017, the group now has coal resources in excess of 300 Mt, four operating mines and three processing plants. Combined annual ROM production from Wescoal is expected to exceed 7 Mtpa and is indicative of Wescoal’s good progress towards its objective of producing 8 Mtpa of ROM coal in the medium term.

The company earned revenue of R2.11billion for the 2017 financial year with coal sales approaching four million tons on an annualised basis. It reported that there were 170 employees.