Botswana Coal Miner Minergy Plans London Listing For 2018

Botswana Coal Miner Minergy Plans London Listing For 2018

Botswana coal producer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday.

CEO Andre Boje told Reuters the company, which is already listed in Botswana, could look to raise around 700,000 pounds ($925,000) mainly to cover the cost of the listing.

Minergy owns the Masama Coal Project, which is projected to produce 2.4 million tonnes of thermal coal for export to South Africa and mainly Asian markets.

Boje said the first phase of development was fully funded, but the company could come to the market for its expansion.

The listing is planned for the third quarter of 2018, after Minergy gets its mining licence from the Botswana government. Read More…

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