“The acquisition of a very low mining cost coal deposit is an excellent outcome for Shumba and is part of our continuing strategy of investing in Botswana-based energy projects to supply affordable energy domestically and into the region,” said Shumba Managing Director Mashale Phumaphi. The estimated in-situ coal resource is 844 million metric tons (mt). The reserves, which are JORC compliant, are predominately contained in one flat coal seam, with an average thickness greater than 18 m and an average depth of 50 m to 60 m.