Botswana Eyes New Export Route to Exploit Huge Coal Resource (1)

Three southern African nations signed a deal to proceed with a rail and port project to help land-locked Botswana export its massive coal reserves through Mozambique, although they still need to find the money to make it happen.

The African Development Bank has agreed to finance a feasibility study for the project, at a cost of about $4 million, Mateus Magala, Mozambique’s transport and communications minister, said Friday at a signing ceremony broadcast over state television.

The project involves upgrading existing rail lines running through the two countries and Zimbabwe, and building new connections. It also includes a new ...