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Mining News Pro - otswana Stock Exchange-listed Minergy aims to commission its Masama coal mine, in Botswana, in January, and to start producing coal within a month thereafter.
According to Mining News Pro - Botswana Stock Exchange-listed Minergy aims to commission its Masama coal mine, in Botswana, in January, and to start producing coal within a month thereafter.
This follows the company being granted a mining licence by the Ministry of Mineral Resources, Green Technology and Energy Security.
The 390-million-tonne Masama project is situated in the Mmambula coalfield, in south-west Botswana, 50 km north of the capital city Gabarone.
The opencast, low-strip mine has the potential to produce 2.4-million tonnes a year of coal – a target it is expected to reach within a year of opening.
Upon completion of the mine’s feasibility study and environmental-impact statement approval by the Department of Environmental Affairs, Minergy had already started pre-construction work.
“This will be the first opencast coal mining licence granted by the government of Botswana,
so the process was not without its challenges for both parties;
however, government was confident in our economic model and we never
doubted that the challenges would be overcome,” said Minergy CEO Andre Bojé.
Minergy also plans to list on the Aim.
Short Link:
https://www.miningnews.ir/En/News/246907
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