BPOPF ups stake in Minergy as 2019 production nears

Friday, November 09, 2018

The country’s largest pension fund, the Botswana Public Officers Pension Fund (BPOPF), has bought about 23.3 million more shares in Minergy Limited, the company set to launch the country’s newest coal mine next January.

Minergy is developing Masama Coal Mine, which will be Botswana’s second colliery and the first open cast coal mine in the country.

The Mine and associated coal wash plant, are being developed 50 kilometres northwest of Gaborone and will involve the export of an initial one million tonnes per annum into South Africa. Masama is estimated to hold 390-million tonnes of coal.

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