𝗕𝗔𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗡𝗦𝗢𝗥𝗧𝗜𝗨𝗠 𝗖𝗟𝗜𝗡𝗖𝗛𝗘𝗦 𝗠𝗜𝗡𝗘𝗥𝗚𝗬 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗢𝗡𝗧𝗥𝗔𝗖𝗧
A consortium of Botswana citizen companies under the auspices of Meropa Resources has been appointed mining contractor at Masama Coal Mine in Medie, Minergy announced.
In a notice to the market , Minergy Coal Limited said on Thursday 14 December 2023 that Meropa Resources has been appointed as the mining contractor for the company ‘ s coal mining operation.
The Botswana Stock Exchange listed coal miner said the appointment of Meropa follows a rigorous vetting and extensive negotiation process which seeks to entrench operational efficiencies and anchor Masama Coal Mine operations in the lower to mid quartile of the producer’s cost curve, supporting sustainable growth and profitability.
Meropa is a consortium of Botswana mining companies with the capacity to offer the full suite of contract mining services, “having been involved in the contractor mining landscape in Botswana for the past ten (10) years”.
“The Board and the Management of Minergy Coal welcome Meropa Resourcehs as a key partner at this watershed moment as the Company charts its new strategic and sustainable direction.” Minergy Board Chairman Mokwena Morulane said in the statement .
Merapa’s leading mastermind is serial mining entrepreneur Oscar Motsumi who is listed as the sole director of Meropa Resources.
The company is majority owned by WEPEX Mining which is in turn owned by Oscar Motsumi and Rabbie Tshosa.
Other shareholders of Meropa Resources are Lucient Engineering , a top engineering and mining construction company owned by Lerang Selolwane.
The other shareholder of Meropa Resources is Cowburn Isherwood & Associates, a leading consultancy company in the field of geology, geophysics , geotechnical engineering and engineering geology. Cowburn shareholders are John Keoagile Tidi and Ruth Keamogetse Tidi.
Minergy has been going through financial challenges recently , which led to partying ways with mining contractor Jarcon.
The BSE listed company was then bankrolled and bailed out by its major financier Mineral Development Company(MDC) , a 100% government owned mining and minerals investment firm.
MDC has also deployed its Chief Technical Officer Mr Matthews Bagopi as care taker CEO to ensure the company returns to operational efficiency.
Minergy has also recieved financing from Botswana Development Corporation (BDC) , another state owned investment organization.Activate to view larger image,
