About Wollongong Coal Ltd

Wollongong Coal Limited (ASX Code: WLC) is an Australian mining business which owns and operates Russell Vale Colliery and Wongawilli Colliery in the Southern Coalfields Region of New South Wales.

82% of Wollongong Coal shares are owned by Jindal Steel & Power (Mauritius) Limited. Jindal Steel & Power, a company listed on the Indian stock exchange, owns 100% of Jindal Steel & Power (Mauritius) Limited.

Wollongong Coal has applied for permission to dramatically increase the production limits at the Russell Vale mine by further expanding longwall mining under the Cataract water catchment area.

Articles

Staff at Russell Vale Colliery sacked
16 September, 2015
Wongawilli coal mine to close
26 August, 2014

In December 2015 Wollongong Coal announced that it intends to reopen the Wongawilli mine in 2016.

Wollongong Coal Limited Financial Headlines

Loss 2015

$119 216 000 is the loss made by Wollongong Coal in 2015 (Wollongong Coal Annual Report March 2015, page 40)

Accumulated losses

$752 658 000 of Wollongong Coal (Wollongong Coal Annual Report March 2015, page 52)

Debt

$531 362 000 is the secured liability declared by Wollongong Coal (Wollongong Coal Annual Report March 2015, page 47)

Share Price

$0.005 WLC share price ASX, 10 March 2016.