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Botswana|Coal|Industrial|Mining|PROJECT|Operations
Botswana|Coal|Industrial|Mining|PROJECT|Operations
botswana|coal|industrial|mining|project|operations

Minergy expects first saleable coal from Masama this month

Minergy coal washing plant, in Botswana

Minergy coal washing plant, in Botswana

2nd September 2019

By: Marleny Arnoldi

Deputy Editor Online

     

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Botswana-listed Minergy has successfully started mining operations at the Masama coal project, in Botswana, exposing the first 340 000 t of coal.

This represents about three months’ nameplate production.

Minergy will, during this month, record its first commercial sales and the ramp-up of the mine is on track.

The company is currently mining 110 000 t of coal a month, which equates to between 70 000 t and 80 000 t of saleable coal.

Minergy aims to increase the saleable coal target to 100 000 t a month in early 2020.

Meanwhile, Minergy is signing its first long-term contract, to deliver 120 000 t of coal a year to one regional industrial customer. This order represents about 10% of the company’s estimated yearly saleable coal production.

Discussions with other regional industrial customers are ongoing.

The company says it is progressing towards listing on the LSE’s Aim.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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