Botswana looks to taking full advantage of the rising demand for coal in the Asian market, especially China, as several companies invest in new coal plants, Xinhua has learnt on Wednesday.
Despite being the world’s large diamond producer by value, Botswana has more than 200 billion tons of untapped coal reserves, the acting chief executive officer of the Minerals Development Company Botswana, Robson Mugomba, said Wednesday.
“The country has good resources which are close to the surface. And we are looking forward to opening six new coal mines in a not so distant future,” Mugomba told Xinhua in a telephone interview following a recent virtual Africa Guangdong Business Association meeting.
According Mugomba, Botswana is intending to kick start the coal mining industry with investors from the largest global coal consumer, China.
According to a study released in June, China, India, Indonesia, Japan, and Vietnam are producing around 80 percent of all Asian coal, with plans to develop over 600 coal power units. Together, the projects are expected to produce around 300 gigawatts of energy.
In a separate interview, Charles Siwawa, the chief executive officer of the Botswana Chamber of Mines, said Botswana’s coal is still in demand between now until it has been replaced by other cleaner forms of energy.
“It is upon Botswana to fully utilize the window,” said Siwawa, adding that the developed world has been given up to 2030 to phase out fossil fuels while developing countries has got until 2050 to exploit the fossils.
“We have a lot of coal and even if we gain a lot of money through exporting of coal all over the world,” said Siwawa, adding that Botswana has got a potential of generating over a billion on annual basis through exporting coal. Enditem