Botswana woos Chinese investors as lenders shun coal projects

At a time when funding for fossil fuel projects is drying up, Botswana is racing to develop six new coal mines and a rail link for exports, with the government prepared to put its own money into the projects. The southern African nation, the world’s second-biggest diamond producer, has more than 200-billion tons of untapped coal reserves. To kickstart the industry, it has turned to investors from the largest global coal consumer, China.