Mmamantswe (1000MW) power project still on-Aviva

In a quarterly update, the company which is sitting on 1.3 billion tonnes of coal reserves in the central district near CIC's Mmamabula, says it is finalising the SRK mining studies for the Mmamantswe Integrated Coal and Power Project although they do not expect any positive feedback from Eskom until late this year.

Eskom was supposed to be the project's offtaker, but are yet to commit to any agreements to purchase power from them, highlighting the need to finalise internal funding mechanism before dealing with Independent Power Producers (IPP) such as Aviva and CIC energy in Botswana and many others in south Africa.