Minergy's coal lures local, international attention
Tuesday, February 07, 2023 | 950 Views |
Giving an update on the market, Minergy CEO Morné du Plessis said their objective is to secure additional long-term export seaborne offtake agreements since the logistics and coal qualities have been established. “At the same time, we assess funding options, including enquiries to place approved equity, to reduce debt and consider expansion opportunities,” he said.
For the six months, Minergy sales averaged close to 68,000 tonnes per month which includes the downtime following the general December shutdown period. According to the CEO, volumes are roughly 53% higher, while pricing has been exceptional and approximately 66% higher than the comparative six-month period. “During these six months, roughly the same volume of coal was sold during the entire 2021 financial year and sales have already reached 70% of the full 2022 financial year volumes,” he said. Minergy’s preferred evacuation route for seaborne exports is through the Walvis Bay Port where they export about one-third of their coal.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...