Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Botswana coal destined for Asian markets

Steel News - Published on Wed, 16 May 2012

It is reported that International mining coal company, African Energy Resources has embarked on a campaign to market Botswana’s coal to the Asian market ahead of the company’s resumption of mining coal at Sese project next year.

The company revealed that members of its management team have travelled to India and China to seek strategic partners for its Botswana-based Sese Coal and Power Project located in the northern part of the country.

In April this year, the company had a trial coal export of a 25 tonne wagon to Maputo, Mozambique, as it plans to open the country second coal mine next year and export coal to India and China. The first shipment was symbolic to show that it is possible in the short term to move coal to a port using the existing rail infrastructure making it available to Asian markets.

African Energy Resources has also announced that it is about to enter into negotiations with Botswana Railways and government to fix a rail tariff for transporting coal to Maputo. The company is also seeking an allocation for coal exports from Grindrod, operators of the Matola Coal Terminal in Maputo, under their terminal expansion plan.

The Sese project coal deposits are estimated at 2.5 billion tonnes and African Energy is looking at mining five million tonnes per year. A thermal power station planned for the site producing 600 megawatts of electricity will use some of this coal.

Source - Southerntimesafrica

(www.steelguru.com)


Posted By : admin on Wed, 16 May 2012
Related News from Steel segment