{"id":19973,"date":"2023-01-15T08:12:45","date_gmt":"2023-01-15T08:12:45","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu"},"modified":"2023-01-15T09:45:49","modified_gmt":"2023-01-15T09:45:49","slug":"maloma-colliery-starts-mining-this-month-michelo-shakantu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu","title":{"rendered":"MALOMA COLLIERY STARTS MINING THIS MONTH- MICHELO SHAKANTU"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>\u201cWe have just been granted a mining license so we are going to begin mining in January.\u201d<\/b><\/p>\n

Inyatsi Group Holdings Executive Chairman Michelo Shakantu, in a trending corporate video, has revealed that Maloma Colliery will start mining this month.<\/p>\n

Worth noting is that the mining company is a subsidiary company for Inyatsi Group Holding, alongside eight other powerhouse companies in different sectors.<\/p>\n

\u201cThe license will give the mine a 25-year life. The impact to the community is enormous as it creates opportunities with the form of employment. We are going to embark in a US$100 million (E7.6 billion) investment on the mine which will create and enormous amount if jobs- not just in the community but in the country as well.<\/p>\n

\u201cWe are going to be the biggest producers of anthracite coal- after Russia and Ukraine,\u201d said Shakantu in the video.<\/p>\n

Yesterday we published that in a \u2018fact book\u2019 that was released on Inyatsi Group Holdings social media pages, it was revealed that the above-mentioned mining company had created jobs for emaSwati for the next 25 years.<\/p>\n

Worth noting is that Maloma Colliery is one of the subsidiary companies for Inyatsi Group Holdings, which is under the leadership of Michelo Shakantu. Shantu has his name engraved in the \u2018fact book\u2019 which was released today.<\/p>\n

\u201cHow many jobs would be created through an investment of US100 million (E1.7billion) at a mine with a 25-year lifespan (from 2023 \u2013 2048)?<\/p>\n

\u201cWe are excited about what the future holds for Maloma Colliery Limited (a subsidiary of the multinational Inyatsi Group Holdings) #AnthraciteCoal #FromEswatiniToTheWorld (sic),\u201d read the caption on the post.<\/p>\n

Another fact which the company revealed the recruitment policy has led to over 90 per cent of jobs set aside for locals.<\/p>\n

\u201c3.5 per cent of profits are ploughed back into the community, which is more than what is required by the law,\u201d reads another fact.<\/p>\n

Inyatsi Group Holdings Communications Specialist Ncobile Dlamini confirmed the information on the fact book; however, she could not comment any further.<\/p>\n

Maloma Colliery is a subsidiary of the Inyatsi Group Holdings which wholly and\/or part-own 10 businesses across nine African countries, realising an annual turnover of US$450 million (E7.6 billon).<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. \u201cWe have just been granted a mining license so we are going to begin mining in January.\u201d Inyatsi Group Holdings Executive Chairman Michelo Shakantu, in a trending corporate video, has revealed that Maloma Colliery will start mining this month. Worth noting is that the mining company is a subsidiary company for Inyatsi […]<\/p>\n","protected":false},"author":84,"featured_media":19972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,248,249],"class_list":["post-19973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nMALOMA COLLIERY STARTS MINING THIS MONTH- MICHELO SHAKANTU - Eswatini<\/title>\n<meta name=\"description\" content=\"\u201cWe have just been granted a mining license so we are going to begin mining in January.\u201d Inyatsi Group Holdings ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MALOMA COLLIERY STARTS MINING THIS MONTH- MICHELO SHAKANTU\" \/>\n<meta property=\"og:description\" content=\"\u201cWe have just been granted a mining license so we are going to begin mining in January.\u201d Inyatsi Group Holdings ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-15T08:12:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-15T09:45:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/01\/postQueueImg_1673758335.14.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"453\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MALOMA COLLIERY STARTS MINING THIS MONTH- MICHELO SHAKANTU\",\"datePublished\":\"2023-01-15T08:12:45+00:00\",\"dateModified\":\"2023-01-15T09:45:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu\"},\"wordCount\":378,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/01\/postQueueImg_1673758335.14.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/maloma-colliery-starts-mining-this-month-michelo-shakantu\",\"name\":\"MALOMA COLLIERY STARTS MINING THIS MONTH- MICHELO SHAKANTU - 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