|Category COAL Added Feb 5, 2017 Location Gweru Views 1262 Rating|
• The Private company has 20000 hectare of Greenfield coal concessions in the Gweru area.
• This area is prevalent with mainly thermal coal.
• Company is looking at an investor to come up with exploration to quantify the resource.Funds expended in the exploration and the other work will form part of the shareholding in the JV to be formed.
• Investor is also looking at beneficiation through thermal power generation. Market for the electricity both inland and rest of Southern Africa is readily available.
• Capital injection required will be dependent plants installed. A minimum of USD $1,000,000.00 will be required for initial exploration.