Red hot demand for coal

Buoyed by the increasing demand for coal worldwide, another company is looking to unlock the black rock’s untapped potential in Botswana.

The coal mine developer, Maatla Energy aims to start construction on Phase One of its Mmamabula Mine, situated near Mookane village in the Central District.

This week, the enterprise presented its plans to key stakeholders during a meeting organised by Botswana Railways and Botswana Investment and Trade Centre (BITC) as well as Business Botswana.

The project reportedly hosts in excess of 2 billion tonnes of high-grade thermal coal.

On Monday, Maatla Energy CEO, Jacques Badenhorst told a group of investors that the company submitted its application for a mining licence in April this year, adding he expects it to be granted early next year.

According to Badenhorst, there is an increasing demand for coal globally as production declines. Indeed, he revealed demand is predicted to increase from 900 metric tonnes per annum to over 1, 000 metric tonnes per annum in 2025.

Original Article URL: