Advertisement

Masama coal project targets export market

Low international coal prices are unlikely to deter coal and energy company, Minergy Limited from developing its Masama Coal Project near Lentsweletau, 50 kilometres north of Gaborone.

The company’s directors are adamant that the project, which seeks to produce 2.4 million tonnes per annum for the export market, would be a success.

Minergy chief executive officer, Andre Boje told Mmegi Business that the current price of international seaborne thermal coal is around $80 per tonne, noting that South African prices are significantly higher than this at around R1,000 per tonne, which makes it a viable project.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up