ANDRE Bojé’s reputation as a successful home-grown entrepreneur, and his local contacts, would have served Botswana-listed Minergy well if it had decided to take a secondary listing in Johannesburg. But in the end, its board decided South Africa’s regulatory environment was too uncertain. Instead, the secondary listing will be in London where there is new-found interest in Africa and its coal industry. Minergy’s Masama coal project will produce 1.2 million tonnes a year (Mtpy) initially, with plenty of upside from a 347Mt resource of API4 grade coal. Bojé’s speciality is coal mining and trading, and he doesn’t let the grass grow under his feet. Since the beginning of 2017 Minergy has raised 70m Pula from investors; listed in Botswana; started an accelerated exploration programme; and submitted a mining licence application. It is following a similar pattern to Wescoal – where Bojé started as a coal trader with a single mine, Khanyisa – and then grew its coal mining activities with the purchase of other assets: Intibane and Elandspruit. Wescoal was comfortably supplying Eskom until the utility decided to impose a 51% black empowerment ownership requirement for new contracts. Achieving that level caused upheavals in the Wescoal boardroom, resulting in Bojé’s departure in early 2015 after 18 years with the company.
LIFE OF ANDRE
He founded Chandler Coal in 1997 and listed Wescoal Holdings on the Johannesburg Stock Exchange in 2005. Before Chandler, he worked for Willard Batteries, where he was a branch manager, and for Chubb Group, where he rose from branch manager to MD of Chubb Fire Security. He has a certificate in the theory of accounting from the University of Port Elizabeth.
- Web Address: www.minergy.com