Shumba Coal Limited has confirmed that it has entered into a Joint Development Agreement with Mulilo Renewable Project Developments (Pty) Ltd, detailing commercial parameters of their joint development of the coal baseload electrical power projects in the region. The coal exploration company also said as a result of the demand from future off-takers of its export coal products, it intends to incorporate a trading subsidiary for future use, namely Shumba Coal Trading Ltd (SCT). “The Company will collaborate with Mulilo in the development, construction and operation of coal fuelled power plants with an installed capacity of at least 300 MWe,…
Author: Editor
Diamond major De Beers said it will make a major investment in a holiday marketing campaign to generate increased consumer demand for diamond jewellery during the year-end holiday season. According to the group, the additional marketing investment will be made in the US and China, the world’s two leading diamond jewellery markets and will target men purchasing diamond jewellery as gifts for partners over the holiday period. “The campaign will employ a combination of marketing approaches, including a new focus on digital channels to drive demand from the rapidly growing base of users of online and mobile media,” De…
From the Mother City to Morocco, the finalists in this year’s ELLE Rising Star Design Award in association with MRP have embraced the power of 21st-century African fashion and of digital technology, according to ELLE Editor Emilie Gambade. Entries for the competition have almost doubled this year, with a surge in entries from the rest of the African continent. “It has been thrilling to see strong entrants from other African countries embracing the competition and lining up alongside the South African entrants,” says Gambade. “There were entries from as far afield as Morocco, Mauritius and Nigeria.” This embodies the vision…
Botswana Development Corporation’s (BDC) headquarters, Fairscape Precinct, has been awarded two Fulton Awards by the Concrete Society of South Africa. The Awards included the Building Structure award for projects over R100 million in total value, and a Commendation for Innovation in Concrete. The Fulton Award, which recognises excellence and innovation in the use of concrete, is made symbolically to the structure and is presented to the entire team responsible for its construction, including the owner/developer, all professionals, and the contractors. “BDC is immensely proud to have been recognised in this way by an esteemed industry body such as the Concrete…
Kirani James, Isaac Makwala and Wayde Van Niekerk led the way into the men’s 400m final on Wednesday night after winning Monday night’s three semi-finals. Defending champion La Shawn Merritt is also through, finishing just behind Van Niekerk in the third and final semi in an easy-looking season’s best. After the high noon shoot-out on a hot track in Sunday morning’s heats, it was hard to know what to expect. The draw had already thrown up one surprise, with the two sub-44-second men from the heats, Yousef Masrahi and Rusheen McDonald, both drawn in the second of the three semis.…
Anglo American plc said it has reached agreement for the sale of its interest in Anglo American Norte S.A. to an investor consortium led by Audley Capital Advisors LLP, with Orion Mine Finance as the principal co-investor, for an up-front cash consideration of $300 million, with potential upside to up to $500 million. Norte consists of the Mantoverde and Mantos Blancos copper mines located in northern Chile. The total consideration payable to Anglo American consists of $300 million in cash payable at closing (subject to certain closing and post-closing adjustments) and a number of additional future payments totalling up to…
Batswana have been encouraged to up the ante when it comes to showcasing the architectural and developmental potential of the country. Speaking at a pre-launch stakeholder engagement of Fairscape Precinct, Managing Director of Botswana Development Corporation (BDC), Bashi Gaetsaloe said the new HQ is really the product of collaboration brought to life through passion, two things that are central to the way BDC does business. Gaetsaloe added that the new P400 million building is more than just a place to exercise their daily duties, but rather a momentous occasion in which we celebrate something that is truly Botswana. “The central…
Botswana Insurance Company Limited (BIC), the country’s longest serving short term insurance provider is marking its 40 years of existence this year and its managing director has admitted it has been a roller coaster journey. The insurer, which is the first insurance company in Botswana to be awarded an AA‐ credit rating, has head office in Gaborone and 2 branches; one based in Francistown catering for the Northern region and another in Maun, targeting sector specific industries for specialised insurance, particularly for Aviation and Tourism. In a statement, BIC Managing Director, Johann Claasen said the road to 40 years has…
The organisers of the annual Investing in African Mining Indaba, which is coming to Cape Town on 8-11 February 2016, have appointed Kael O’Sullivan to the role of Head of Investor Relations effective 1 August 2015. O’Sullivan assumes the role of this newly developed position within the Mining Indaba management team to foster continuous collaboration with the strong contingency of investors who participate at the annual event in Cape Town. Kael will lead the management and development of the Mining Indaba Investor Programme, offering a high touch one-to-one service for accredited investors to customise their experience while at the annual…
Hilton Worldwide has announced the signing of a management agreement with Fleming Asset Management Botswana, on behalf of Botswana Public Officers Pension Fund, to open the mid-market Hilton Garden Inn Gaborone. Located in the capital and largest city of Botswana, the signing marks Hilton Worldwide’s first hotel agreed in the country and will offer travellers’ the perfect base for both business and leisure visits. “With 13 Hilton Garden Inn locations now confirmed across Africa, I am delighted that we have agreed our first hotel in Botswana,” said Patrick Fitzgibbon, senior vice president of development, Europe & Africa for Hilton Worldwide.…