Minergy’s strategic turnaround plan showing early signs of resilience and progress in a tough trading environment

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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.

OPERATIONS RESUME AT COAL MINE

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24 May 2024 – Coal mining and trading company Minergy Coal has resumed production at its Masama coal mine, in the Mmamabula West coalfield of southern Botswana, after successfully entering into a mining contract with a new end-to-end services mining contractor, Meropa Resources – a consortium of four Botswana companies – following an unplanned shutdown in early 2023.

MINERGY REPOSITIONS AS LOW-COST COAL PRODUCER

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20 March 2024 – Gaborone – Minergy, the coal mining and trading company, today released results for the six months ended 31 December 2023. During the period under review, Minergy faced significant operational headwinds, primarily due to the March 2023 suspension of activities by the former mining contractor.

UPDATE ON ENGAGEMENT OF MEROPA MINING COMPANY

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14 December 2023 – Gaborone – The appointment of Meropa follows a rigorous vetting and extensive negotiation process which seeks to entrench operational efficiencies and anchor Masama Coal Mine operations in the lower to mid quartile of the producer’s cost curve, supporting sustainable growth and profitability.

Minergy experiences a year of two distinct halves, but the foundation set for a sustainable future

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28 September 2023 – Gaborone – Minergy, the coal mining and trading company, today released results for the year ended 30 June 2023, indicating that strong momentum in the first half was eroded by year-end due to changes in the international…

UPDATE OF RESUMPTION OF OPERATION

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31 March 2023 – Gaborone - Minergy, is pleased to announce that it has come to an arrangement to restart the mine with its mining contractor, Jarcon Opencast Mining Botswana (Pty) Ltd (“Jarcon”).

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

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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…