8512E AFRICAN ENERGY RESOURCES SEEKING ASIAN PARTNERSHIP
London, 3 May (AIM) - The international mining company, African Energy Resources, announced on Thursday that members of its management team have travelled to India and China to seek strategic partners for its Botswana-based Sese Coal and Power Project.
In April the company carried out a successful trial run of 25 tonnes of coal by rail to the Mozambican port of Maputo, via Bulawayo in southern Zimbabwe. The wagon arrived at the Matola coal terminal on 7 April, having made the journey of 1,350 kilometres.
The first shipment was symbolic, to show that it is possible in the short term to move coal to port using the existing rail infrastructure, making it available to the Asian markets.
African Energy also announced that it is about to enter into negotiations with Botswana Railways and the government of Botswana to fix a rail tariff for transporting the coal to Maputo.
It has also put in a request to the operators of the Matola coal terminal, the South African company Grindrod, for an allocation for coal exports under the terminal
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