Mining Mx, 29 April 2016

Five years ago, Mashale Phumaphi was an investment banker, braving the London freeze. On one occasion, he was asked to run the rule over a copper development firm with ambitions to build a mine in Botswana, the country of his birth.

“They were drilling to depths of 900 metres looking for the perfect geological model.That’s what happens when you get large mining companies with a budget, but it’s very inefficient,” he said in an interview with Miningmx.

His own company – Mauritius-listed Shumba Energy – doesn’t go in for such extravagances. He and his co-founder, Thapelo Mokhathi, own up to 40% of the company and they prefer to keep a close watch over the bank account…read more.

Research Channel, 17 March 2016

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