Shumba listing Delayed

Staff Writer | Friday August 15, 2014 13:30

Shumba, which has a primary listing on the Botswana Stock Exchange (BSE), was due to list on the Mauritian bourse on Wednesday (August 13, 2014). In a statement released this week, Shumba announced that it is still undertaking the necessary  actions for completion of regulatory approval processes as per the requirements of the Listing requirements of the BSE.  

Shumba said that investors would be notified of the new listing timetable in the next week. Shumba Coal is majority Batswana owned, with a portfolio of coal assets at various stages of development with the most advanced being the Sechaba Thermal Coal Project containing approximately one billion tonnes of thermal coal. 

The Stock Exchange of Mauritius was established in 1989 and is a growing international exchange.  It currently has a market capitalisation of around US$7.5 billion and is a member of the World Federation of Exchanges.