Wescoal Holdings Ltd. said Aug. 7 that it named Izak Van Der Walt as CFO and executive director, effective Sept. 1, replacing Bothwell Mazarura, who steps down effective Aug. 31.

Van der Walt, a mining executive with over 14 years of experience in the sector, joined Wescoal in 2015 and was previously General Manager Operations: Finance.

Mazarura was named CFO and executive director of Anglo American Plc unit Kumba Iron Ore Ltd. July 6.

In a separate, same-day announcement, the company said Buildmax Buildmax Ltd. unit Dieselpower terminated the mining services agreement for the Elandspruit colliery in South Africa, with effect by the end of October.

The company is in the process of finalizing a suitable mining contractor.