Shumba wins coal licences auction

The company, listed on the Botswana Stock Exchange (BSE) is also currently developing the Sechaba power project near Morupule. It is the second company to win coal licences rights through a tender since the auctions were introduced by government last year.

Shumba coal managing director Mashale Phumaphi told Mmegi Business the company would spend close to P3 million in the next three years to ascertain the presence of coal reserves in the area. Coal exploration was first done by major mining companies over four decades ago.