Minergy CEO: “Coal is here to stay” | World Coal
“Coal is here to stay” is the message from Andre Boje, the CEO of Minergy Limited – a Botswana-based emerging coal mining company.
Coal currently fuels 41% of the world’s electricity with usage expected to remain at similar levels over the next 30 years, and with coal prices on the up and a high demand for coal in southern Africa, Boje is passionate in ensuring coal is not overlooked in the ever increasing competitive energies market.
Boje said: “Coal is here to stay for the foreseeable future. There is high demand for coal in southern Africa, and it is likely to remain the most affordable fuel for power generation in many developing and industrialised countries for decades.
“Years of little or no investment in new coal projects means there is limited supply, yet demand for coal in the southern African region continues to increase, with prices escalating on an ongoing basis. The API4 index price for seaborne thermal coal for export has risen considerably, currently trading at US$97 per tonne, an increase of 98% from 2016. Although prices are expected to steady to around US$80 per tonne in the next five years, there are significant growth and investment opportunities in the industry.” click here to read more