Continental Coal relinquishes Botswana licence
PERTH (miningweekly.com) – Southern Africa-focused Continental Coal on Monday announced that it would relinquish one of its prospecting licences to the Ministry of Minerals, Energy and Water Resources in Botswana, in an effort to cut back on costs.
The company stated that an assessment of the prospecting licence revealed low exploration prospectivity for the area, adding that future exploration expenditure would be required.
The prospecting licence also offered little opportunity for farm-out or divestment opportunities, resulting in Continental relinquishing the asset to the Botswana government.
CEO Don Turvey said the company was reviewing opportunities to further minimise future spend, while still extracting value from its remaining prospecting licences in Botswana.
Meanwhile, production at the recently opened Penumbra underground mine, in South Africa, reached 51 000 t during October.
Turvey reported that the availability of continuous miners during November had a negative impact on the month-to-date production. He said that the operations team was addressing the matter.
A conventional drill and blast section has been established and production from this section was expected to ramp up over the next few months.
Further, the Vlakvarkfontein mine, also in South Africa, was continuing to exceed expected production targets, delivering 127 400 t run-of-mine coal during October.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














