Morupule Colliery seeks funding for P1.7 billion expansion

The colliery's expansion, from its current one million tonne per annum production, involves tapping into the estimated 83 billion tonnes of coal the mine holds within its concession area between Palapye and Serowe. The expansion is necessary to support the existing and adjacent Morupule Power Station (Morupule A) as well as the 600MW Morupule B Power Station, presently under construction.

Morupule Colliery, a whollyowned Debswana subsidiary, plans to raise the capital expenditure through equity and debt, with the latter raised in the domestic banking sector. Speaking at the seventh Resource Sector Conference that kicked off yesterday, Debswana Senior Project Manager David Scott said the colliery was aiming for financial close by October this year, paving the way for construction.