Moropule South coal project in Botswana is “financially viable”

Hodges Resources has confirmed the financial viability of its Morupule South project in Botswana, following the completion of mine scoping and power integration studies.

As a result, Hodges’ board has approved feasibility phase studies for an initial start-up development of around 2 – 3 million tpa with a ramp-up to 5 million tpa within 3 – 5 years.

Power integration studies also confirmed the economic viability of developing modular power generation plants with capacities ranging from 300MW to 1800MW.

Hodges? managing director, Mark Major, said that the scoping study has delivered significant independent information that confirms the technical viability of mining the Morupule coal basin: ?After extensive evaluation of all the independent studies, the board […] has approved the commencement of feasibility level studies to refine the operational and capital cost estimates associated with a staged development up to 10 million tpa ROM coal operation.?

Written by Jonathan Rowland.

Read the article online at: https://www.worldcoal.com/coal/11022013/hodges_resouces_confirms_moropule_south_is_viable_150/