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25 September 2024 – Gaborone – Minergy, the coal mining and trading company, today released results for the year ended 30 June 2024. Minergy is in the midst of a significant transformation, strategically and operationally.
ENVIRONMENT
- Rehabilitation is an ongoing process, and all mining is undertaken within the parameters of the mining licence
- 4.2 million m3 rehabilitated in FY22. This exceeded the total volume rehabilitated since the start of mining operations
- Increased use of dust suppression to curtail dust and construction of speed humps
SOCIAL
- Corporate social responsibility remains core to Minergy for communities in and around the mining area (Refer to the Minergy Cares brochure on the website)
- Citizen Economic Empowerment Plan in place, including using 22 local transporters
- 96% of the workforce is Batswana, and 97% of the staff are vaccinated
- P488m was spent on local registered company procurement
GOVERNANCE
- Unitary, functioning Board of Directors in place
- Strong ethical base with Whistleblowing Hotline in place
TOP PRIORITIES
Maintain production capacity with resultant stable profitability and cash flows
Normalise the capital structure
Increase sales and advance relationships formed with new customers
Corporate social investment
Latest Uploads
- 11-DEC-2025 RENEWAL OF CAUTIONARY ANNOUNCEMENT
- 20-NOV-2025 RENEWAL OF CAUTIONARY ANNOUNCEMENT
- 11-NOV-2025 RENEWAL OF CAUTIONARY ANNOUNCEMENT
- 11-NOV-2025 RENEWAL OF CAUTIONARY ANNOUNCEMENT
- 15-OCT-2025 SUSPENSION OF SHARE TRADING
- 25-SEP-2025 RENEWAL OF CAUTIONARY ANNOUNCEMENT
- 23-SEP-2025 RENEWAL OF CAUTIONARY ANNOUNCEMENT
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 374Mt Coal Resource has recently been independently delineated.
MASAMA COAL MINE
P.O Box 2330 ABG, Broadhurst, Gaborone, Botswana, Tel: +267 397 2891
Whistleblowing Hotline Contact Details
Email Address (for emails and attachments): minergy@i-Tell.africa
For additional information please go to the contact page on the website
The following link (Disclaimer) contains the full text of the Company’s disclaimer, which relates to amongst other matters, the following: This message is addressed only to the intended recipient(s) and may be privileged or confidential, does not constitute legal or other advise or a recommendation, may not be copied, distributed or disclosed, does not create or change any contract, may not be relied upon and no actions based on it may be taken or omitted to be taken, it may not contain full information to evaluate or assess the Company or its Projects or statements made by it, may contain opinions which must not be relied upon, may contain forward looking statements which you must not relay upon and which may prove not to be correct, is not an offer of securities in any jurisdiction. No assurance can be given that the information in this email will prove to be correct and no representation or warranty, expressed or implied, is given as to the accuracy or completeness of such views contained in this message. By emailing the Company you provide various consents to us as more fully set out in the following link. The Company accepts no liability of any kind relating, emanating or resulting directly or indirectly from this message.
