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
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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