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Minergy sees light after doldrums

Friday, March 08, 2024 | 660 Views |

Out of the woods: Minergy executives hope Masama will come good this year PIC: PHATSIMO KAPENG

Minergy Ltd has resumed production at the troubled Masama Coal Mine in Medie and anticipates reaching full-scale output and sales by the end of June this year, BusinessWeek has learnt.

Masama’s new mining contractor, Meropa Resources, a wholly citizen-owned mining contractor, is currently mobilising while mining operations restarted in February this year.

Minergy’s operations were temporarily stopped last March after a dispute with the previous mining contractor, Jarcon Opencast Mining, over payable arrears.

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