Botswana fired up about throwing money at ‘God-given’ coal
The country’s government is wooing Chinese investors to tap into its 200 billion tons of untapped coal
At a time when funding for fossil fuel projects is drying up, Botswana is racing to develop six new coal mines and a rail link for exports, with the government prepared to put its money into the projects.
The nation, the world’s second-biggest diamond producer, has more than 200 billion tons of untapped coal reserves. To kickstart the industry, it has turned to investors from the largest global coal consumer, China.
“The country has good resources which are close to the surface,” Robson Mugomba, acting CEO of the government’s Minerals Development Company Botswana, said to Chinese investors last week. “With the resources we have we could offer potential investors really attractive opportunities.”..