Page 22 - issue 23

22 In The News

Minergy’s Masama Coal Project fully

operational and producing saleable coal

Coal deposits at the Mine Morne du Plessis - CEO Minergy Coal

inergy reported in March to date.in excess of 340 000 tons are “We have a remarkable team in place
that it had successfully set exposed in the pit which only needs to who share core objectives. These
Mup mine infrastructure, be blasted and put through the plant. include that Minergy must in the
extensive civil work, power reticulation This equates to roughly three months of medium term ensure stable cash flows,
systems, access roads and weigh feedstock.it is expected Minergy will see productivity, quality and product. There
bridges. During the recent mine visit an increase to 100 000 tons per month is blue sky opportunity for Minergy to
this August. The mine has been certified next year. Demand is high in the South increase production and supply the
fully operational and is selling to the Africa market where speakers and a export market, but the building of the
South Africa and Namibia markets. coal industry day event said SA Coal Lephalale rail link and export price are
The local market is also catered for Production had declined by 20 million two factors that are outside our control.
with competitive pricing. The Masama tons. It’s prudent for us to focus on our
coal project is producing quality coal strengths and ensure that customers
produce within sustainable coal seams. In terms of funding Minergy has are well services and receive quality
raised 90 Million from the Botswana coal,” said duPlessis
Minergy has indicated that as a norm Development Corporation as well
customer will be responsible for Minerals Development Corporation
logistics of the coal. The company’s core of Botswana. Funding is sufficient to
strength will be to market the project. bring the mine to production. Minergy
“we have certain coal qualities that are is also involved in ensuring its workers
perfect for power producers and this are operating in a healthy and safe
can be easily accessed and utilized in environment and as such up to date, no
the future.” duPlessis explained. The reportable incidents have been noted.
company is currently not focused on The company has a social responsibility
supplying coal to the power generation to the surrounding village of Medie. The
market and will access this on a case-by- village has been promised electricity
case basis.No changes have been made during 2023/24 and this will extend
to the original mine plan. Minergy has through the village include the kgotla
extracted roughly 39 000 tons of coal area, schools and the local clinic.
Quality coal at the mine

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