South Africa's state-owned mining firm African Exploration, Mining and Financing Corp. (AEMFC) has said that it has dropped the Bosa Energy coal exploration project in Botswana because it was no longer viable, its CEO said.
"(African Exploration) has opted to move out of the project after assessing the... market for the product," chief executive Sizwe Madondo told Reuters on Wednesday.
He cited a number of factors for AEMFC's withdrawal, including South African power utility Eskom "not committing to a power station in the area, logistics to other potential markets and funding requirements".
No comments:
Post a Comment