Below is not directly related but still great news for Dml holders long term.
http://bloom.bg/1bE6Qib
Botswana and Namibia will sign a deal at the end of this month to develop a 1,500-kilometer (932-mile) railway for transporting coal exports to the port of Walvis Bay, according to the Botswana Chamber of Mines.
“Technical glitches” delaying the Trans-Kalahari project have been resolved, Charles Siwawa, chief executive officer of the chamber, said in a phone interview today. While he declined to give further details, Siwawa said the joint-venture agreement, originally due to be signed last April, paves the way for funding initiatives and tenders.
Chinese and Indian demand for the more than 200 billion metric tons of coal in Botswana’s central Karoo basin could boost economic growth in the landlocked southern African nation, Siwawa said. The Trans-Kalahari line, which dovetails with Namibia’s plan to develop the port of Walvis Bay, requires an investment of about $15 billion, Siwawa said.
“It’s not clear as yet when this financing will come from but we would like this project to proceed as soon as possible,” Siwawa said. “There are significant coal deposits in Botswana but we need an exit route for shipments to markets overseas. At the moment, Walvis Bay is the preferred route.”
- Forums
- ASX - By Stock
- DML
- zeta drilling results out
zeta drilling results out, page-8
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online