Minergy seizes first-mover advantage in Botswana coal industry
“Botswana’s got vast coal resources.”
It’s a simple enough statement from Andre Boje, the chief executive of Minergy Coal (BSE:MIN). So why then has it got so little production?
The answer comes in two related parts. The first is that as a landlocked country, shipping out a bulk commodity like coal hasn’t always struck potential miners as an easy undertaking. The second is that Botswana is so well endowed with diamonds that almost all the attention thus far has gone there.
But that’s changing now as miners recognise that the old model of planning to site power stations near coal projects, just to make the coal economic to mine, was getting it all back to front. click here to read more