Kiwi,Seems I missed this post earlier.Ferreira is coming towards...

Kiwi,
Seems I missed this post earlier.
Ferreira is coming towards EOL but the are putting in for an extension to the mine to keep it productive.
Vlakvarkfontein has huge resources, so it's nowhere near EOL.
Penumbra should be up and running within 6 months.

Coal was bought in as one of a nearby mine does not have a wash plant. The Delta wash facility washes coal to export grade. What doesn't make the cut is Eskom quality. I think what you have assumed is incorrect based on the fact of buying coal cheaply and washing it to export quality then onselling it for a profit is a good idea. Ferreira still has plenty of export coal and if They can get the extension then this is a good thing.
As for a loss on the annual, i didn't know it had been released yet, so lets wait and see.