JOHANNESBURG (miningweekly.com) – Coal mining and energy development company Shumba Energy’s coal trading division, Shumba Coal Trading (SCT), has generated the first revenues for the company.
The Botswana Stock Exchange-listed company on Thursday said it had sold more than 1 000 t of coal to customers in the regional market, to date.
SCT was established in 2015 to manage the trade of coal from projects owned by Shumba, as well as other Botswana coal producers, in order to develop and grow the market for low-cost, high-quality Botswana coal among regional customers.
“The management of Shumba Energy believe the future of the trading business is immensely positive. As a next step we are looking at setting up our own wash plant, as well as concluding the licensing for our own mines.
“In addition to receiving the first revenues for the company we are also developing a market and client base for our own coal, as well as other Botswana miners,” commented Shumba MD Mashale Phumaphi.
Edited by: Creamer Media Reporter
EMAIL THIS ARTICLE SAVE THIS ARTICLE
ARTICLE ENQUIRY
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
