https://www.miningweekly.com
Africa|Botswana|Coal|Energy|Export|Gas|Indaba|Mining|Resources|SECURITY|Technology
Africa|Botswana|Coal|Energy|Export|Gas|Indaba|Mining|Resources|SECURITY|Technology
africa|botswana|coal|energy|export|gas|indaba|mining|resources|security|technology

Europe looking to get 1Mt/y of coal from Botswana, says President Masisi

11th May 2022

By: Reuters

  

Font size: - +

Botswana has been inundated with inquiries to supply coal to Europe and estimates that demand from Western countries could top a million tonnes a year, President Mokgweetsi Masisi said on Tuesday, as the Ukraine war forces Europe to pivot more to Africa for energy resources.

Since Russia invaded Ukraine at the end of February, Europe has sought to cut its gas imports from Russia, which many European nations previously relied on, and is looking at other parts of the world to meet its fuel demand, including coal.

That potentially opens the floodgates to coal supplies from Africa, sending prices sharply higher and spurring investment into Africa.

"We have received inquiries from Europe and so we want to (export)," Masisi said in an interview with Reuters in Cape Town, where he was a key speaker at the Mining Indaba conference.

Botswana's coal production has been limited and it has mostly exported to neighbouring countries, according to the International Energy Agency. However, it plans to increase production.

Masisi said Botswana has seen demand from both governments and the private sector in Europe and estimates that demand from Europe could reach more than 50 000 t/m.

Lefoko Moagi, Minister of Mineral Resources, Green Technology and Energy Security, said in the same interview that Botswana could meet that demand, while Masisi said it wanted to do so "as soon as possible."

Coal prices have more than doubled since the beginning of the year and mining companies are scrambling to pump up production and benefit from high prices, even as there is rising pressure on companies and countries to stop using high-polluting coal.

"Typically what we’ve been getting is 50 000 t/m is what they want to get, but we’ve also had others (inquiring about) long-term contracts, (we are) looking at a million tonnes a year from individual countries (combined)," Moagi said.

However, President Masisi emphasised that all parties were committed to reducing carbon emissions in line with the Paris Agreement on climate change.

"So, clearly, there will be some responsibility arrangements in how to use the coal so that we don't cause a lot of pollution" he said.

Edited by Reuters

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.165 0.208s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: