SA investors bag another local power project

In yet another deal involving international investors buying junior coal explorers out of prospective local power projects, African Energy has announced plans to sell its Mmamantswe project to South African buyers.

The deal for the Mmamantswe coal and power project was worth an initial A$10 million (P77 million).

The project, which is estimated to host 1.25 billion tonnes of coal, has an approved Environmental Impact Assessment (EIA) for a coal mining operation of up to 10 million tonnes a year and a 2,000MW power station.

Editor's Comment
A step in the right direction

That is indeed a welcome development, especially looking at the fact that the manual way of doing things is slowly disappearing and competency in the use of computers and other digital gadgets has become a must.The simple way of looking at it is just an example that almost all companies have gone completely digital and school leavers will be better placed after leaving school, because they will already be familiar with the use of computers.The...

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