The coal scouting┬á company┬á around Sese area announced this┬á week that the resources in the area┬á are way beyond its expectations and┬á warned the international markets that┬á should Botswana government┬á┬á┬á┬á issue┬á it with a mining license it is mostly likely to look into the coal export market .
Sese lies 50 kilometers south-east of Francistown and it is prime for an open pit coal mine that bolsters Botswana’s power needs as well as the region. Botswana┬á alone has┬á over 200 billion tones of thermal coal┬á among the most┬á black gold richest countries in the continent.
In an announcement made this week, it said it┬á had discovered a “very large coal deposit” in Botswana┬á valued around┬á 2 billion tonnes that are near surface┬á and prime for open pit mining.
It┬á emphasized that┬á there is a “possibility of┬á a coal wash┬á that┬á will position it┬á for┬á┬á coal export┬á specifically to China, Europe and India”, the latter growing at the fastest pace.
The Australian-listed exploration outfit has long┬á embarked on an exercise┬á aimed at positioning┬á its proposed Sese project┬á coal┬á in a bid to take advantage of┬á regional and global energy┬á supply bottle-necks within the next few years.
The┬á company has enlisted the services of ┬á Phil ClarkÔÇöa renowned┬á mining expert–┬á┬á┬á to guide it through the delicate process of┬á “evaluating the key technical and┬á commercial┬á issues”.
Clark has worked for the mining giant BHP Biliton Energy coal responsible for projects in Australia, Colombia, South Africa and USA before.
Sese┬á has┬á some impressive seams with an average┬á thickness of┬á 14.8 meters, which is also closer to the┬á surface.
Its┬á project┬á is situated┬á close to the rail-line that┬álinks the┬á south and northern parts of the┬á country in the eastern corridor ÔÇô that provides access to both┬á South African ports and the proposed Trans Kalahari rail┬á that links Botswana with Namibia ports.
African Energy┬á further indicated the┬á closeness of the┬á project to the rail line is┬á a huge advantage since┬á large volumes of coal will need┬á to be transported by┬á rail┬á into the seaborne export market.
The move by┬áAfrican Energy comes at a time when the world is┬ápredicted┬áto┬ásee an acceleration of coal demand┬ábolstered by the┬á appetite from China, India and Japan.
This year alone, thermal coal is expected to outpace gas and demand┬á by as much as 30 percent.