Minergy Exports Over 615,000tn Of Coal
Sunday, July 18, 2021 | 90 Views |
Masama Coal Mine. PIC: PHATSIMO KAPENG
With operations nearing nameplate capacity at the Botswana Stock Exchange-listed company, this supported increased sales in Botswana, and in the region, South Africa and Namibia.
According to group CEO Morne du Plessis, Minergy has benefited from the price momentum of a burgeoning commodity market, including South African coal, which has seen the highest export coal pricing in a decade. In addition, he said, average pricing has increased from a stronger South African rand, which resulted in higher pula recovered prices at the mine in the last six months and a better product mix featuring larger fraction products.
That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...