Entries by WiredWPAdmin

Minergy experiences exceptional turnaround in fourth quarter FY22

Loss-making trend replaced with profitability and positive cash flows 20 September 2022 – Gaborone – Minergy, the coal mining and trading company, today released results for the year ended 30 June 2022. The Group achieved combined revenue of P425 million (2021: P193 million), with cost of sales of P484 million (2021: P256 million). Pure coal […]

Minergy provides market update

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 in mid-March. The company cited substantial progress being made toward reaching nameplate capacity of 125 000 tpm during the six-month period, with achievements having included producing the highest six-monthly volumes […]

Minergy lifts thermal coal production at Masama but operating losses persist

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 higher output from Masama, its 125,000 tons a month nameplate capacity mine. Production following the commissioning of stage 4 of its processing plant regularly exceeded 105,000 tons per month, said […]

Minergy edges closer to nameplate capacity

Botswana-based coal miner Minergy provided a voluntary update to the market ahead of releasing its interim results for the period ended 31 December 2021 in mid-March. The company cited substantial progress being made toward reaching nameplate capacity of 125,000 tonnes per month during the six-month period, with achievements having included producing the highest six-monthly volumes […]

Minergy edges closer to nameplate capacity at Botswana mine

Botswana-based coal miner Minergy says in a voluntary update that is has made considerable progress toward reaching nameplate capacity of 125 000 t a month at its Masama coal mine during the six months to December 31. Among the milestones achieved during this period was producing the highest six-monthly volumes across all disciplines since the […]

Minergy edges closer to nameplate capacity

Botswana-based coal miner Minergy provided a voluntary update to the market ahead of releasing its interim results for the period ended 31 December 2021 in mid-March. The company cited substantial progress being made toward reaching nameplate capacity of 125,000 tonnes per month during the six-month period, with achievements having included producing the highest six-monthly volumes […]

Minergy edges closer to nameplate capacity

Botswana-based coal miner Minergy provided a voluntary update to the market ahead of releasing its interim results for the period ended 31 December 2021 in mid-March. The company cited substantial progress being made toward reaching nameplate capacity of 125,000 tonnes per month during the six-month period, with achievements having included producing the highest six-monthly volumes […]

Minergy response to INK24 video posted on Facebook

Minergy or “the company” or “the business” or “the mine” is a Botswana registered and mostly Batswana owned company listed on the main board of the Botswana Stock Exchange (BSE). The company’s 100% owned Masama Mine, located in the Mmamabula Coalfield of Botswana, is the Group’s cornerstone asset. The company has noted with disappointment that […]