Coal mining and trading company Minergy Coal has resumed production at its Masama coal mine, in the Mmamabula West coalfield of southern Botswana, after successfully entering a mining contract with a new end-to-end services mining contractor, Meropa Resources – a consortium of four Botswana companies – following an unplanned shutdown in early 2023. Having started production in 2018, Minergy Coal encountered various challenges at Masama. Less than a year into its operation, the mine was affected by Covid-19-related challenges, crippling initial efforts to raise more capital as intended in the business case. The setbacks were further compounded by a general retreat of capital from the coal sector, says Minergy Coal CEO Matthews Bagopi.
Logistics inefficiencies in South Africa are the single-biggest reason why junior mining companies are likely to fail, said midtier coal producer Ndalamo Resources. Ndalamo CEO Shammy Luvhengo participated in a junior coal mining panel at Joburg Indaba, which was held on May 21 and 22, highlighting the biggest challenge for this sector as being Transnet’s inefficiency and saying this was creating an imbalance in the system.
Eskom faces shortfall of up to 700 million tons of coal in the future iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Minergy, the junior coal miner exulted its first half of the year sales results that were buoyed by fears of energy crisis across western Europe in the
28 September 2023, - Gaborone - Minergy, the coal mining and trading company, today released results for the year ended 30 June 2023, indicating that strong momentum in the first half was.