Takatokwane coal project to cost P7.2 bn

Botswana is estimated to have 212 billion tonnes of coal resources
Botswana is estimated to have 212 billion tonnes of coal resources

Australian junior, Walkabout Resources, says the development of its Takatokwane thermal coal project in the Kweneng District is estimated at $767 million (P7.2 billion).

A statement issued yesterday said the Perth-based miner’s operating expenditure is estimated between $43 and $57 per tonne Free on Board (FoB).  The company stated that it had completed a scoping study confirming the robust development model for its Takatokwane project.  The study was part of the ongoing pre-feasibility study modelled under the conservative production and pricing base case.

The conceptual operation at Takatokwane was based on two open pit strip mines, each delivering six million tonnes a year of coal. Some of the products would be upgraded through a modular two-stage washing plant, and the project was expected to deliver three saleable products.

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...

Have a Story? Send Us a tip
arrow up