Minergy scores P90m funding from BDC, MDCB

Friday, August 09, 2019

Botswana Stock Exchange listed Minergy Limited has successfully raised P90 million funding from the Botswana Development Corporation (BDC) as well as the Minerals Development Company of Botswana (MDCB).

According to the coal miner, the funding is sufficient to bring Masama coal project into production, as they envisage a steady state of operations to be reached in September 2019.

The BDC is the government’s investment agency while the MDCB is the latter’s investment arm for minerals.

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