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Expanded Morupule Coal eyes surging global demand

Eyeing growth: Masisi during a tour of Morupule Coal Mine on Wednesday PIC: PRESS PHOTO
Eyeing growth: Masisi during a tour of Morupule Coal Mine on Wednesday PIC: PRESS PHOTO

Morupule Coal Mine expects its revenues to reach P3 billion next year, as its new 1.4 million tonnes per annum expansion, Motheo cashes in on the surging global demand for the mineral.

President Mokgweetsi Masisi officially launched the P1.7 million Motheo open cast mine on Wednesday, which will add to Morupule Coal’s current production of 2.8 million tonnes per annum.

The war in Ukraine has sparked an energy crisis from Europe to Asia, lifting demand and prices for coal and reversing years of disfavour the commodity has endured as a result of the global transition to greener energy sources.

Editor's Comment
Get back what was stolen, and lock the door

That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...

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