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Tuesday, August 22, 2017
Tlou Energy has been advised by Botswana’s Department of Mines in the Ministry of Mineral Resources, Green Technology and Energy Security that its mining license for the Lesedi CBM project has been granted.
The mining license covers an area of approx. 900sq km, which is the area previously designated as prospecting license PL002/2004. The granting of the license gives the company security of tenure over the project area and allows Tlou to progress its activities from CBM exploration and appraisal to development.
Tlou’s Managing Director Tony Gilby said: “The mining license for the Lesedi CBM Project was the first application of its kind to be lodged in Botswana. The awarding of the mining license 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 license 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 license will also further enhance our proposal for the Botswana Government sanctioned CBM fueled pilot power project which is due to be submitted later in the week
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