Minergy Limited – A coal mining and trading company

About Minergy

Minergy's 100% owned Masama Coal Mine which is located in the Mmamabula Coalfield of Botswana is the cornerstone asset in the company's strategy. The size and location of this shallow resource supports its competitive cost structure, which is underpinned by cost-effective opencast mining of high quality coal. The resource is near to existing rail, road and water infrastructure, and has significant distance advantages over existing coal suppliers to regional markets.

MASAMA POWER PLANT

The Government of Botswana, acting through the Ministry of Mineral Resources, Green Technology, and Energy Security (“MMGE”) issued a Request for Proposal (“RFP”) on 29 September 2021 to restricted local Botswana bidders. Minergy was selected as one of the four restricted local bidders.

Minergy has partnered with Jarcon Power in order to submit a bid for the design, finance, construction, ownership, operation, maintenance and decommissioning of a 300 MW net greenfield coal-fired power plant in partnership with Minergy, as an Independent Power Producer to the Botswana Power Corporation in Botswana.

This partnership is ideally positioned as it holds a mining license, a fully operational mine, a resource that spans a 390 million tonne Coal Resource and coal sales locally and regionally.

OPERATIONAL

Mining and plant throughput volumes increased with 50% and 37% respectively
Coal sales increased by 110% to 416 185 tonnes
Additional off-take agreement concluded
Commissioning of CHPP rigid screening
Dewatering circuit section and filter press of CHPP commissioned with a resultant saving of 60% of water previously used per tonne of coal

FINANCIAL

Revenue increased by 138% to P193 million (2020: P81 million)
Operating loss for the year improves to P86 million (2020: loss P100 million)
Net cash used in operating activities improves to P37 million (2020: P105 million used in operating activities)
Debt funding amounting to P125 million secured

HEALTH & SAFETY

More than 1 000 days since mine inception with zero injuries
Mine recorded 60 positive COVID-19 cases with no loss of life
COVID-19 plan in place which has allowed for effective management
No reportable accidents, injuries or fatalities

SOCIAL

95% of workforce is Batswana
Corporate social responsibility remains core to Minergy for communities in and around the mining area

Latest News

Minergy provides market update

Press coverage

Botswana-based coal miner, Minergy, has provided a voluntary update to the market ahead of releasing its interim results for the period ended 31 December 2021 […]

January 31, 2022/by WiredWPAdmin

Minergy lifts thermal coal production at Masama but operating losses persist

Press coverage

BOTSWANA thermal coal producer Minergy said it reduced its operational loss in the six months ended December following an improvement in prices as well as […]

January 22, 2022/by WiredWPAdmin

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Progress of the Masama Coal Mine

Watch Progress of the Masama Coal Mine

Masama Coal Resource

Minergy’s focus is the development of the Masama Coal Mine within the scope of the Prospecting Licence located on the south western edge of the Mmamabula Coalfield in southern Botswana. Minergy’s wholly owned subsidiary Minergy Coal holds the Prospecting Licence for Coal and Coal-Bed Methane, where a 380Mt Coal Resource has recently been independently delineated.