Morupule, Minergy and Shumba lead as coal awakens
Friday, November 30, 2018
Minergy, Morupule, and Shumba Energy are at advanced stages of opening new mines at Medie, Palapye, and Mabesekwa respectively, all of them mainly targeting the export market.
Minergy and Morupule are scheduled to open their mines next year and 2020 respectively while Shumba Energy’ Mabesekwa Mine is at an advanced stage and due to be commissioned by 2021.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...