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BOTSWANA

Gaborone helps Minergy coal venture weather difficult market conditions

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“Southern Africa: the tough path towards quitting coal”

SOUTHERN AFRICA

Southern Africa: the tough path towards quitting coal

The whole region of southern Africa, and especially South Africa, remains extremely dependent on coal mines, despite protests from environmentalists and pressure from the West in the form of billion-dollar subsidised plans to speed up the coal phase-out. The weighty state-owned Eskom, which has been embroiled in deep crisis for years, is making a tentative attempt to diversify. However, in a country where the sector's unions enjoy unparalleled influence within the state apparatus this is a daunting task. Neighbouring states are attune to this fact and are launching new projects to supply the regional giant's power plants.

The early stages of production at the Masama mine operated by South Africa's Minergy Coal are being followed closely by the government, which has given strong financial support to the new company, the first private sector operator in the Botswanese coal industry. Despite abundant resources, the financial climate and the Covid pandemic are making the new miner's early days difficult. [...] (520 words)

Issue dated 03/09/2021 Reading time 3 minutes

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Mining

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BOTSWANA
Alternative Investments Market
Botswana Development Corporation
Botswana Stock Exchange
Covid-19
Eskom
London Stock Exchange
Minerals Development Company of Botswana
Minergy Coal
Mokgweetsi Masisi
Morné Du Plessis

Ex-Botswana Rail boss, Len Makwinja, embarks on coal trading

Leonard "Len" Makwinja, an experienced entrepreneur in mining and logistics in Gaborone, is moving into coal trading: South African and global demand is seeing strong growth and there are several projects underway to upgrade railway connections to South Africa.

BOTSWANA Mining 28/02/2022

Nikunj Mehta expands into the diamond sector

Best known for his industrial equipment company Archein Hardware, Botswanan entrepreneur Nikunj Mehta has decided to venture into diamonds.

BOTSWANA Mining 18/02/2022

Minergy Coal suffers collateral damage from Transnet's woes

Botswana's President Masisi hoped that Minergy Coal, the operator of the country's first private mine, would herald a thriving coal sector. But Minergy is now suffering from the travails of South African rail and port operator Transnet.

BOTSWANA Mining 09/11/2021

African Energy Resources to remove its Botswanan coal business from Australian Securities Exchange

With the business climate increasingly unfavourable for investment in coal, African Energy Resources plans to hive off its Botswanan coal assets from its Australian parent company, which is listed on the Australian Securities Exchange. They will in future be held by a non-listed company, away from the sight of conscientious investors.

Inner circles

SOUTH AFRICA Mining 21/05/2021

The behind-the-scenes power players at the redoubtable Department of Mineral Resources and Energy

The Department of Mineral Resources and Energy is used to making the headlines in the South African press over its management of the country's electricity supply network. It also plays a crucial role, however, in the functioning of South Africa's tentacular mining sector.

SOUTHERN AFRICA Mining 19/04/2021

Africa anxious over prospect of World Bank turning away from coal

The Bretton Woods institution is under growing pressure to stop financing coal because of targets tied to the COP21 climate conference in Paris. In Southern Africa, where coal is abundant, anxiety is on the rise.

Inner circles

BOTSWANA Business 18/09/2020

Farouk Ismail, Choppies founder and political philanthropist

One of Botswana's wealthiest tycoons, Farouk Ismail, frequently donates to the country's most high-profile charities. Founder of country's supermarket leader Choppies, which has stores across southern Africa, this charitable strategy is a way of making friends with Botswana's heads of state.

Inner circles

BOTSWANA Mining 23/07/2020

Martin Makgatlhe, stock exchange king and friend of the powerful

A familiar figure both on the stock market and the political scene in Gaborone, these days the financier Martin Makgatlhe is a key player in the country's affairs through his connections with the ruling BDP party and the clan of former president Masire.

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Botswana Development Corporation
Botswana Stock Exchange
Covid-19
Eskom
London Stock Exchange
Minerals Development Company of Botswana
Minergy Coal
Mokgweetsi Masisi
Morné Du Plessis

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Gaborone helps Minergy coal venture weather difficult market conditions

Southern Africa: the tough path towards quitting coal

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Ex-Botswana Rail boss, Len Makwinja, embarks on coal trading

Nikunj Mehta expands into the diamond sector

Minergy Coal suffers collateral damage from Transnet's woes

African Energy Resources to remove its Botswanan coal business from Australian Securities Exchange

The behind-the-scenes power players at the redoubtable Department of Mineral Resources and Energy

Africa anxious over prospect of World Bank turning away from coal

Farouk Ismail, Choppies founder and political philanthropist

Martin Makgatlhe, stock exchange king and friend of the powerful

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This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Ex-Botswana Rail boss, Len Makwinja, embarks on coal trading

Nikunj Mehta expands into the diamond sector

Minergy Coal suffers collateral damage from Transnet's woes

African Energy Resources to remove its Botswanan coal business from Australian Securities Exchange

The behind-the-scenes power players at the redoubtable Department of Mineral Resources and Energy

Africa anxious over prospect of World Bank turning away from coal

Farouk Ismail, Choppies founder and political philanthropist

Martin Makgatlhe, stock exchange king and friend of the powerful

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First visit

Contacts

Tools

Follow us

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Indigo Publications also publishes: