REPORT

New Botswana coal mine development under way – Minergy

Work is under way on the new Masama coal mine, which Botswana Stock Exchange-listed Minergy expects to commission in January, ahead of its primary listing on London’s Alternative Investment Market (Aim) in the first half of next year. The 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north of the capital city Gabarone, has the potential to produce 2.4-million tonnes a year of thermal coal as Botswana’s only opencast low-strip mine. The first saleable product is scheduled to be available from February 2019 for export to South Africa and mainly Asian markets. The Mmamabula coalfield is considered to be a western extension of the Waterberg coalfield in the Ellisras basin in South Africa. “We’re are now able to break ground and invite contractors to start work immediately,” Minergy CEO Andre Bojé said in a release to Creamer Media’s Mining Weekly

http://www.miningweekly.com/article/new-botswana-coal-mine-development-under-way-minergy-2018-09-18

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