As funding dries up for coal projects, Botswana opens first privately owned coal mine

PUBLISHED: Thu, 31 Jan 2019 16:35:06 GMT


GABORONE, Jan 31 (Reuters) – Botswana’s first privately owned coal mine will produce its first saleable coal in March, the chief executive of the company overseeing the project told Reuters.

The Masama Coal Mine aims to produce 1.2 million tonnes per annum of coal and will target the South African market as well as other countries in the region, Minergy Chief Executive Andre Boje said.

“We should ramp up to the nameplate volume of 300,000 tonnes per month by June/July 2019. Our target market is the southern African region at 1.2 million tons per annum, using a combination of road and rail transport,” Boje added.

The open cast mine and associated coal wash plant is located 60 km (37 miles) northwest of Botswana’s capital Gaborone and is being developed at a cost of 400 million pula ($39 million).