Anglo shuts down Botswana coal operations

Anglo Coal will shut down its operations in Botswana following a strategic decision by parent company, Anglo American to divest out of all but three commodities.

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.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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