Minergy closes first sale of Botswanan coal to SA
Minergy is targeting the SA market where few significant new coal mines are being developed and production is expected to decline
25 September 2019 - 17:57
Minergy, a company that produces Botswanan coal for the SA market, has made its first commercial sale as it transitions from an exploration company to a mine developer.
The group, which is listed on the Botswana Stock Exchange, released its final results for the year-ended June on Wednesday, and recorded a 29-billion pula (R39.7bn) loss, up from 9.8-billion pula (R13.4bn) in 2018, as it poured money into getting its flagship Masama coal project operational...
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