Gov’t sticks by Minergy despite market red flags

Friday, June 20, 2025 | 550 Views |

In trouble: Government is seeking solutions for its heavy investment in Minergy

Government is sticking to its oath to support Minergy Ltd and is searching for more options on top of the P700 million debt to equity swap announced earlier this year, despite coal trading $110 per tonne below the coal company’s breakeven point.

This week, Minerals and Energy Minister Bogolo Kenewendoa said efforts are ongoing to find solutions for Minergy, whose Masama Coal Mine in Medie is the country’s second colliery after Morupule Coal Mine.

Government recently converted its significant debt in Minergy to equity, in an effort to restructure the company’s balance sheet and support its survival. Several government-linked entities have supported Minergy since its establishment through both equity and debt.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

mining

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.