Lack of funding remains a big concern for coal juniors

Amid challenging market conditions, junior coal miners in Africa face challenges in securing funding, with about 70% experiencing constraints in exploration and production owing to insufficient financing, said coal procurement and mining development company Alpha Resources and Investments CEO Selim Kaymak, citing statistics from a Mining Technology report. During a presentation at the Junior Mining Indaba on May 22, Kaymak discussed the implications of a challenging coal mining market for junior miners. In his presentation, he cited a Minerals Council South Africa statistic that junior coal miners are significant players in South African coal production, contributing up to 30% of South Africa’s overall output.