Shumba Coal Introduction to Shumba Coal
Shumba Coal is a Botswana national majority owned exploration company whose focus is the acquisition and development of highly prospective coal exploration licences in Botswana:
- The most advanced project is the Sechaba Thermal Coal Project which has approximately 1 billion tonnes JORC compliant coal resources.
- A Positive Scoping Study has been completed over the Sechaba Project Area, which confirms the potential to produce coal by 2015/2016 to supply a nearby Power Producer, in addition to exporting coal.
- The decision has been taken to complete a full Preliminary Feasibility Study in the coming 18 months including a full Environmental Impact Assessment and further resource delineation drilling.
- A dual listing of Shumba Coal on the Botswana Stock Exchange and the Stock Exchange of Mauritius is underway.