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Expanded Morupule Coal eyes surging global demand

Monday, October 03, 2022 | 510 Views |

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.

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Expanded Morupule Coal eyes surging global demand

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.

Stanbic pretax profits up 11%

The audacity to be a unicorn

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Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

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Inspect the voters' roll!