President Emmerson Mnangagwa has said the local coke production industry’s output has increased by 327% from US$39 million in 2020 to US$166,4 million in 2022 as coke producing companies expand their operations. Mnangagwa said government had proposed the ban of exports of coke by-products to support growth of downstream local industries. “Today’s commissioning of Lubu Coal Project is in line with the projected target of achieving a US$1 billion coal sub-sector by 2023. Mnangagwa also applauded United Kingdom-based Contango Holdings, which is developing the Lubu Coal Project in Hwange. “If we are to attain energy sufficiency, thermal power will still play a pivotal role in the country’s energy mix.”

Source: Daily Nation August 01, 2023 06:01 UTC