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.
- 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)