Minergy scores P90m funding from BDC, MDCB

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Botswana Stock Exchange listed Minergy Limited has successfully raised P90 million funding from the Botswana Development Corporation (BDC) as well as the Minerals Development Company of Botswana (MDCB).

According to the coal miner, the funding is sufficient to bring Masama coal project into production, as they envisage a steady state of operations to be reached in September 2019.

The BDC is the government’s investment agency while the MDCB is the latter’s investment arm for minerals.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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