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Botswana’s Minergy eyes LSE IPO
September 2021

Botswana’s Minergy eyes LSE IPO

Minergy, the only privately-owned coal mining company in Botswana has revived its plans list on the London Stock Exchange (“LSE”). In 2018, Minergy halted its plans for an IPO on London’s AIM market as a result of a crash in coal prices in the Southern African market while the uncertainty in respect of Brexit also contributed to the decision to halt the listing. Minergy have stated that they would utilize funding from their IPO to expand capacity and settle expensive debt. However, there is at this stage, no timeline for the IPO. Minergy is currently in talks with Eskom in South Africa to supply coal to Eskom and stated that if they are awarded the contract to supply coal to Eskom, they will double their production at their Masam Coal Mine which currently has capacity to produce 1.2 million tonnes of coal a year.