Mmegi

Gov’t sticks by Minergy despite market red flags

Friday, June 20, 2025 | 400 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

'Face to face with the man who tried to kill me'

Sharon Mathala | 1d ago

Couple perishes in suspected 'passion killing' crash

Pini Bothoko | 1d ago

Dimajwe duo arrested after missing assault victim found buried

Pini Bothoko | 1d ago

Dikoloti escapes injury after car hits cow

Pini Bothoko | 1d ago

Five-year-old boy hospitalised after road accident in Mogoditshane

Pini Bothoko | 1d ago

UDC rolls out 'promised' child grant

Tsaone Basimanebotlhe | 1d ago

BPF to hold first youth, women congresses

Tsaone Basimanebotlhe | 1d ago

Of borrowed wheels and brand new GD6

Kabelo Boranabi | 1d ago

Two-tier education system demands action

Whilst we join Botswana Sectors of Educators Trade Union (BOSETU) and other stakeholders in commending the rise in top grades, a testament to the unwavering effort of many teachers and pupils, this progress is fundamentally shadowed by a failing that shames our society. The stark, persistent urban-rural divide is not just a statistic, but an active betrayal of thousands of young Batswana.The figures are a damning indictment. When pass rates in...

The Monitor Editor | 03 February 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.

Explore

More

Gov’t sticks by Minergy despite market red flags

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.

'Face to face with the man who tried to kill me'

Couple perishes in suspected 'passion killing' crash

Dimajwe duo arrested after missing assault victim found buried

Dikoloti escapes injury after car hits cow

Five-year-old boy hospitalised after road accident in Mogoditshane

UDC rolls out 'promised' child grant

BPF to hold first youth, women congresses

Of borrowed wheels and brand new GD6

Two-tier education system demands action