In southern Africa, the government of Zimbabwe has announced that it has secured a $60 million financial package for the Lupane’s coal bed methane gas concessions.
The financial package has been awarded to the Zimbabwe Mining Development Corporation, the Herald reported.
Mines and mining development minister, Walter Chidhakwa, told media that the package would bolster the exploitation of coal bed methane gas in the Lupane-Lubimbi area.
Chidhakwa said: “As a ministry we are putting in $60 million for the development of gas in the Matabeleland North in the Lupane-Lubimbi area.”
According to the Herald, natural gas reserves were discovered in the Lupane-Lubimbi area a few decades ago but commercial exploitation has been failing to take off, until now.