Scharrig, Jonah in Botswana Coal Deal (Oct 2007)
Scharrig Mining (Schamin) and Jonah Capital had entered into a joint venture with an Australian company to explore coal properties in Botswana that could support a mine and power station, Business Day reported. The project is one of a number of ventures in the coalfields of Botswana and South Africa’s Waterberg to respond to the urgent demand for power in southern Africa. Jonah Capital, controlled by former AngloGold Ashanti president Sam Jonah, owns about 16% of Schamin. The plan is to establish a new company,
Jonah Coal, to house all the companies’ future coal interests in Africa, excluding SA, and the current Nkomati anthracite project.
Jonah Coal, to house all the companies’ future coal interests in Africa, excluding SA, and the current Nkomati anthracite project.