Shumba Energy Ltd (“Shumba Energy” of the “Company”) (BSE:SHUMBA), a Botswana-based coal mining and energy development company, is pleased to announce that its trading division has generated the first revenues for the Company. To date Shumba has sold over 1,000 tonnes of coal to customers in the regional market.
As previously reported, Shumba Energy established its coal trading division, SCT, in 2015 as a result of the demand from future off-takers of the Company’s export coal products. SCT was founded to manage trade of coal from projects owned by the Company as well as other Botswana coal producers in order to develop and grow the market for low-cost, high-quality Botswana coal with regional customers.
To support its coal trading business, the Company has brought on experienced coal industry…Read Full Article