Anglo shuts down Botswana coal operations
Friday, February 26, 2016
Closing shop: Mothibedi
The global mining giant, which posted a loss of $5.6 billion in 2015 compared with a loss of $2.5 billion the year before, recently announced that it was streamlining its asset portfolio to De Beers, platinum and copper, holding just 16 assets down from 55.
Anglo Coal Botswana (ACB) managing director, Mothibedi Mothibedi told BusinessWeek that it would cease works at its 700 million tonnes Mmamabula coal fields and close offices in Botswana.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...