African Energy expands Botswana coal portfolio
Thursday, October 17, 2013
![The first coal exposed at the Sese project in December PIC: African Energy Resources](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2013/october/17/php8647.tmp.jpg&w=400&q=72&f=jpg)
The first coal exposed at the Sese project in December PIC: African Energy Resources
On Tuesday, the Botswana Stock Exchange-listed (BSE) announced that it had executed a binding sale agreement to acquire the 2.4 billion tonne Mmamabula West Coal Project from Asenjo Energy, a joint venture comprising South African and Australian investors.
The latest deal will take African Energy Resources' (AFR) portfolio to an estimated 6.2 billion tonnes across three locations along Botswana's eastern coalfields. The deal also means Asenjo's local portfolio now consists of the 2.7 billion Mmamabula East lease and the 1.3 billion tonne Dukwe project which has progressed past pre-feasibility stage. AFR officials said the listed company had conditionally agreed on a cash consideration of US$2.5 million (P22 million) to take over Asenjo's prospecting licence PL65/2005 also known as Mmamabula West.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...