Entries by WiredWPAdmin

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 […]

A last hurrah for unpopular coal? | Business Day | 3 June 2021 | Lisa Steyn

With world investors searching for returns, good mining projects may yet come up with willing investors Unattractive as the coal industry has become to investors, a coming supply deficit and the prospect of healthy returns may lure some financiers back to the table, attendees at the Junior Mining Indaba heard this week. Strong demand from […]

Botswana looks to coal To curb diamond dependency | Moneyweb | 03 February 2021 | Helen Reid

Botswana must diversify into commodities such as coal and base metals as a matter of urgency, after a difficult year for diamonds sapped government revenue, Botswana’s President Mokgweetsi Masisi said on Wednesday. The Covid-19 pandemic aggravated weakness in the diamond sector, which accounts for 80% of Botswana’s export earnings. “Overdependence on diamonds has more than […]

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Botswana Railways launches cross-border coal trains to South Africa | International Railway Journal | Aug 3, 2020 | Oliver Cuenca

BOTSWANA Railways (BR) exported the first coal consignment from the Masama coal mine following a launch ceremony on July 17 attended by government ministers and officials from BR, mine owner Minergy and banking group Absa. The 2650-tonne coal shipment was initially transported 60km by road from the mine in Mmamabula to the the Tshele Hills […]