Shumba strikes coal deal with German firm
Thursday, January 12, 2017
In a statement released yesterday, the BSE-listed company announced the execution of a binding Memorandum of Understanding (MoU) with HMS Bergbau Africa (Pty) Ltd, a full subsidiary of German-listed HMS Bergbau AG (HMS), which is a leading independent global trading house to its shareholders and the public in general.
Shumba managing director, Mashale Phumaphi noted that, despite political pressure to support non-fossil fuel sources, the company believed the global long-term outlook for thermal coal demand was promising, driven by the industrialisation of emerging economies and the need to secure reliable and cost-effective baseload power supply.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...