Tuesday, September 14, 2010

Namibia, Botswana ready pact for coal export

Written by 

Namibia says it plans to sign an agreement on theconstruction of a rail link to transport coal from landlocked neighbor Botswana west through Namibia before the end of October.

The memorandum of understanding will also cover the construction of a coal export terminal on Namibia’s Atlantic coast, the country’s Ministry of Information and Communication Technology said in an emailed statement.

Botswana reportedly has about 200 billion metric tons of coal reserves, according to its Ministry of Minerals, Energy and Water Resources. The World Bank has funded a feasibility study into the rail link.