First Quantum Minerals is a Canadian mining company seeking to develop Botswana’s enormous coal reserves. First Quantum Minerals plans to export most of the coal to South Africa, which would raise Botswana's coal capacity by 350%, but the power would bypass the 47% of the population that still have no access to electricity. HSBC supports this by providing direct loans to First Quantum Minerals.
Find out more in our Coal Report on page 7: