The Board of Botswana Stock Exchange-listed Shumba Energy Ltd (“Shumba” or the “Company”) is pleased to inform shareholders that an agreement has been reached for the establishment of a 50:50 joint venture partnership (“the Partnership” or “Transaction”) between Shumba and South African black-owned Lurco Group South Africa Pty Ltd (“Lurco”) at the Company’s Sechaba thermal coal project (“Sechaba”).
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