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Related News

  • Shanghai, Ncondezi sign shareholders agreement for Moz power plant 2016-07-07
    Chinese energy company Shanghai Electric Power (SEP) and Ncondezi Energy this week signed a shareholders agreement term-sheet in Maputo, Mozambique, marking a significant step towards the completion of the joint development agreement for the planned 300 MW Ncondezi coal-fired power project, in Tete province. SEP chairperson Wang Yundan and Ncondezi chairperson Michael Haworth also met with Mozambique government representatives in Maputo to provide an update on the progress of and future plans for the project, including development timelines, financing, construction and the operation of the plant.
  • Ncondezi just months away from finalising joint venture with Shanghai Electric 2016-06-27
    Ncondezi Energy is pressing ahead with plans jointly to develop a coal mine and power station in partnership with a heavyweight Chinese utility company
  • British, Chinese companies to develop Moz coal mine, power station project 2016-01-22
    London Stock Exchange AIM-listed company Ncondezi Energy has announced that it has entered into a binding Joint Development Agreement (JDA) with China’s Shanghai Electric Power Company (SEP) to develop the Ncondezi coal mine and thermal power station project in Mozambique, in the province of Tete. The deal results in SEP becoming a strategic investor in the Mozambican project.
  • Indian group recommits to Mozambique as Irish miner restructures 2015-03-13
    Private-sector Indian group Jindal will remain in Mozambique, even though the international price of coal has fallen significantly. This assurance has been given by Jindal Africa Director General Chandra Singh. “It is good that there is an awareness of the difficulties through which the international coal market is passing, which has recorded a sharp fall in price,” he told the Mozambican media recently. “Despite this, Jindal is committed to remain in the Mozambican market and to continue to produce.”

Mmamabula Information

  • General 2015-05-10
    The Mmamabula Energy Project (MEP) is a 1200 megawatt (net) capacity power station and integrated coal mine project in Botswana that is planned to provide power mainly to South Africa. The Mmamabula Coalfields form the western extension of South Africa's Waterberg Coalfield, which contains approximately half of South Africa'’s coal resources, along with Eskom'’s 3,690 MW (net capacity) Matimba power station and Exxaro Resources Limited's 19 million tonne per annum Grootegeluk coal mine. Exxaro has also been contracted to supply a further 14 million tonnes per annum to Eskom's approximately 4,800 MW Medupi power station, now under construction.

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Nearby Location News

  • Boikarabelo first coal target slips as Resgen aims for March financial close 2016-10-14
    Dual-listed Resource Generation (Resgen) has pushed back the expected date of first coal production from its Boikarabelo mine in South Africa’s Waterberg region, as talks with potential financiers to secure the best funding package continue. The emerging producer in August entered into a R5.52-billion funding agreement with a financing syndicate, including Rand Merchant Bank, the Public Investment Corporation, the Industrial Development Corporation and Noble. It has since been working towards fulfilling the conditions precedent and said on Friday that it hoped to achieve the required internal credit committee approvals by mid-December.
  • Resgen selects preferred mining contractor for Boikarabelo 2016-10-05
    Dual-listed Resource Generation (Resgen) is another step closer to the development of its Boikarabelo coal mine in South Africa’s Waterberg region after signing a heads of agreement with a mining contractor. Boikarabelo mine operating subsidiary Ledjadja Coal this week selected Stefanutti Stocks Mining Services as the preferred mining contractor.
  • ASX: Boikarabelo Project Update 2016-10-03
  • Resource Generation scores coup for the Limpopo coalfields with R5.5bn funding package for its Boikarabelo project. http://www.miningmx.com/top-story/27780-resgen-scores-coup-limpopo-r5-5bn-boikarabel 2016-08-08

    Resource Generation scores coup for the Limpopo coalfields with R5.5bn funding package for its Boikarabelo project. http://www.miningmx.com/top-story/27780-resgen-scores-coup-limpopo-r5-5bn-boikarabelo-funding/ …

  • Resgen secures R5.5bn for Boikarabelo 2016-08-08
    Dual-listed Resource Generation (Resgen) has secured R5.52-billion to complete construction of the Boikarabelo coal mine, in Limpopo. The emerging coal miner noted on Monday that Ledjadja Coal, a subsidiary of Resgen, had agreed on the commercial terms with a financing syndicate to secure the funding.

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