Gov't places P700m bet on Minergy

Friday, April 25, 2025 | 660 Views |

Troubled: Minergy’s Masama Mine has experienced operating challenges in recent times
PIC: PHATSIMO KAPENG

Whilst international coal market prices remain constrained, government has chosen to swim against the tide by converting its P700 million debt into equity in the troubled local colliery, Minergy Ltd.

Government has chosen to put skin in the troubled game, opting to convert its debt to Minergy into an equity stake that would make government a shareholder through its mining investment agency, the Minerals Development Company Botswana (MDCB).

Currently, Minergy owes government a total of P716 million held through convertible quasi debt instruments between two parastatals being MDCB and the Botswana Development Corporation (BDC). Both interests are the result of loan advances over time to Minergy Coal for operations.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Botswana- U.S health milestone celebrated

Johannes Kambai | 1d ago

Makgekgenene dismisses forced exit claims

Spira Tlhankane,Tsaone Basimanebotlhe | 1d ago

The night the dead tree sang again

Spira Tlhankane | 1d ago

GU reveal Tanzania ordeal: Coach punched, players attacked

Kabelo Boranabi | 1d ago

Botswana’s athletes enter the big-money era

Mqondisi Dube | 1d ago

Dinaledi chase World Cup qualification

Calistus Kolantsho | 1d ago

Gunners look to break hoodoo against Rollers

Boitumelo Khutsafalo | 1d ago

New Era bets on employability in new strategy

Larona Makhaiza | 2d ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.