India’s Jindal Steel & Power Limited (JSPL) (JNSP.NS) will start building a coal mine in Botswana’s southeastern Mmamabula coalfields in 2022, aiming to supply the export market and a planned coal power plant, a company official said. The Indian industrial giant aims for the mine to produce 4.5 million tonnes of coal per year. “Work will start next year and develop in phases over two to three years. Regional demand is increasing and the South African market has appetite for Botswana coal,” Jindal Botswana country head Neeraj Saxena told Reuters. Despite the global shift from coal, Botswana is pushing ahead with developing its estimated 212 billion tonnes of coal resources. In April, it shortlisted Jindal, Minergy Ltd (MIN.BT) , African Energy Resources Ltd (AFR.AX) and Maatla Resources in a tender to build a 300 MW coal-fired power plant. At the COP26 climate conference this […]