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
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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