• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 24 hours Wind droughts
  • 4 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 2 days Oil Prices Fall After Fed Raises Rates
  • 12 days How Far Have We Really Gotten With Alternative Energy
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 2 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 7 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 10 days The Federal Reserve and Money...Aspects which are not widely known

Zimbabwe’s Government Issues 20 Coal Exploration Licenses

Zimbabwe, which currently imports virtually all of its oil needs, averaging roughly 14,000 barrels per day, is seeking to expand its indigenous energy resources, particularly coal.
 
Zimbabwe’s Mines and Mining Development Minister Obert Mpofu said during the third Zimbabwe Mining Indaba, "We have awarded 20 licenses for coal exploration and mining. This should help in ensuring that the country can generate adequate electricity for the economy in general."

Earlier this year Mpofu announced that five new coal exploration licenses had been issued to prospect for coal in Zimbabwe’s Matabeleland North Province, Harare’s The Herald Online reported. The five firms awarded licenses were Makomo Investments, WK Blasting, Clidder, Apex and Liberation Mining.

The majority of the 20 companies receiving prospecting licenses are joint ventures with Zimbabwean partners owning controlling stakes in accordance with the Zimbabwe’s indigenization and empowerment law.

Business research and consulting firm Frost and Sullivan reports that Zimbabwe has coal reserves that will "approximately last the next 200 years at a production output of 5 000 tons per annum," with the coal reserves being suitable for providing feedstock for coal-powered thermal power stations.

In addition, the Zimbabwe Electricity Regulatory Commission recently licensed 13 independent power projects.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News