Production kicks off at Maatla Resources’ Mmamabula Coal Project

Maatla thus becomes the third licensed colliery in the country, its production coming at a time when prices for the mineral are depressed. Morupule Coal Mine and Minergy, the other two producers, have battled a prolonged downturn in the past three years, with the latter suspending operations last year whilst a major creditor sued for judicial management.

This week, HMS Bergbau AG announced that the company has completed the acquisition of 51% of Maatla Resources, which holds a mining licence for metallurgical coal covering approximately 45 square kilometres. Located in a well-established coal mining region with strong existing infrastructure, the licence area hosts expert-confirmed coal resources exceeding 94 million tonnes, based on exploration drilling conducted to date.