South African state miner dumps Botswana coal project

The Bosa Energy project in Botswana was meant to explore for coal, coal bed methane and uranium in the world's top diamond producer. Coal resources within a proposed joint venture operation were estimated at 30-billion tons.

"(African Exploration) has opted to move out of the project after assessing the... market for the product," chief executive Sizwe Madondo told Reuters in response to emailed questions. He cited a number of factors for AEMFC's withdrawal, including South African power utility Eskom "not committing to a power station in the area, logistics to other potential markets and funding requirements".