Africa Mining: Tlou Energy awarded Mining Licence for the Lesedi CBM project

Tlou Energy, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (‘CBM‘), has been advised that a Mining Licence for the Lesedi CBM project has been granted by Botswana’s Department of Mines in the Ministry of Mineral Resources, Green Technology and Energy Security. 

Key points

• Tlou has been successful in attaining its Mining Licence for the Lesedi CBM project;
• The Mining Licence covers an area of approx. 900Km2, which is the area previously designated as prospecting licence PL002/2004;
• Mining Licence gives security of tenure over the project area;
• Progresses Tlou’s activities from CBM exploration and appraisal to development.

Tlou’s Managing Director Tony Gilby said:

‘The Mining Licence for the Lesedi CBM Project was the first application of its kind to be lodged in Botswana.  The awarding of the Mining Licence by the Ministry is a major milestone for the Company, further de-risks the project, and is an important prerequisite to developing the first commercial gas-to-power project in the country.  The issue of a Mining Licence will pioneer the development of a new and exciting natural CBM gas industry in Botswana, an industry that will lead to a new indigenous source of energy, income and employment for the country.  I would like to thank the team at Tlou and our consultants for putting together such a comprehensive application and the Ministry for the positive assessment of the application. Having been granted a Mining Licence will also further enhance our proposal for the Botswana Government sanctioned CBM fuelled pilot power project which is due to be submitted later in the week’.(source: Tlou Energy)