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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
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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