Minergy Limited, Botswana’s only privately-owned coal miner, has revived plans to list its shares on the London Stock Exchange (LSE) to reduce debt and boost output amid a global commodities boom, according to its chief executive officer. Minergy shelved plans for an initial public offering on London’s junior AIM stock …
Read More »Botswana diversifies after Covid-19 reveals the country’s reliance on diamonds
Botswana has begun work on its first iron-ore mine, a senior government official said on Tuesday, as the country seeks rapid diversification from diamond mining. The African nation’s heavy reliance on diamonds, which account for a fifth of Botswana’s GDP and more than two-thirds of its foreign exchange income, was …
Read More »Basil Read and Bothakga Burrow awarded contract to develop Morupule’s Motheo coal mine
For the construction of an open cast coal mining operation at the MCM, Motheo project, Morupule Coal Mine (MCM) has awarded a 5-year mining services contract to a joint venture between Bothakga Burrow, a local citizen-owned company, and Basil Read Mining, a South African-based company. In April 2021, the BR-BB …
Read More »The spotlight will be on ESG during the Africa Mining Forum
The spotlight is set to be on Environmental, Social, and Corporate Governance (ESG) at the Africa Mining Forum which is set to kick off from the 16-20 November 2020. A testament to this notion is the fact that the organisers of the event have also announced a unique digital ESG …
Read More »Botswana lay down future plans for coal-fired and solar power
Botswana currently has national demand of 600 MW, but recurring breakdowns at one of its main power stations have left the country reliant on imports and diesel generators to cover shortfalls. Hence the country plans to add more 600 megawatts (MW) of solar and coal-fired power in the next six years …
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