Ncondezi secures funding while it seeks a new JV partner

June 23, 2017

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Aim-listed coal miner Ncondezi Energy has raised an additional $582 000 from existing lenders and senior management to fund the search for a new partner and to provide working capital for the group. The miner, which is developing the Ncondezi coal mine, in Mozambique’s Tete province, is seeking a new joint venture development partner for the coal-to-power project after it suspended exclusive discussions with Shanghai Electric Power (SEP) in May.

Category: General