Lucara Diamond Corp. said it has recovered a 341.9 carat gem quality diamond from its Karowe Mine in Botswana. According to the company, the stone was recovered while processing fragmental kimberlite from the central and south lobe interface. The Type IIa diamond shows exceptional colour and clarity and will be sold along with two other greater than 100 carat diamonds which have also been recovered, stated the company. Lucara President and Chief Executive Officer, William Lamb said the recovery of this magnificent stone once again confirms the quality of diamonds contained within the Karowe resource adding that timing of the…
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Shumba Coal Limited says it has raised funds to finance energy developments in Botswana following a private placement. The move comes on the back of waiver of pre- emptive rights passed by the majority of shareholders at the last Annual Meeting. According to the coal explorer, the waiver was valid until 31 December 2015 and under which authority the ‘company has proceeded with this Private Placement, the receipt of subscriptions from Botswana institutions, in a non-brokered private placement financing for aggregate gross proceeds of BWP 27.5 million.’ The Private Placement consisted of 19,695,856 Shares of the Company (“Share”) at a…
The Global Information Technology Report (GITR) has been released under the theme “ICT for Inclusive Growth”. The report is one of the several competitiveness reports produced by the World Economic Forum in collaboration with the Botswana National Productivity Centre (BNPC). In the 2015 GITR, Botswana is ranked #104 out of 143 countries compared to 103 out of 148 countries in 2014. This is based on a quality score rating of 3.4 out of 7, which has remained the same as in 2014. Like the previous year’s report, Botswana’s strong performance still remains the political and regulatory environment, boasting of a…
Japanese Ambassador to Botswana, Masahiro Onishi, says he appreciates the importance of the diamond industry to the economy of Botswana as well as Debswana Jwaneng Mine’s role in the development of the country. Onishi was speaking during a tour of the Jwaneng Mine facilities on Friday 17th April 2015 during which he met with some of the Executive Team of Jwaneng Mine. The Ambassador also undertook a guided tour of the Mine facilities including a tour of the pit and truck workshop. “It was amazing to learn about mining and what is involved in the mining and processing of diamonds.…
The Zambian minister of Mines, Energy and Water Development, Christopher Yaluma, and the country’s minister of Commerce, Trade and Industry, Margaret Mwanakatwe, will head up a high-level government delegation at the upcoming Copperbelt Mining Trade Expo & Conference (CBM-TEC), taking place in Kitwe from 5-6 May. More than 1500 visitors, 100 exhibitors and 200 conference delegates are expected to gather for CBM-TEC this year at what is the largest industry gathering of its kind in the region. The expo also features free, practical workshops. “The presence of both the Zambian mining and trade ministers at the Copperbelt Mining Trade Expo…
Stanbic Bank Botswana has introduced the state of the art, real-time electronic payments for Prepaid Electricity and DStv Subscription through its cellphone Banking and Internet Banking Channels. The new services are aimed at enhancing the Stanbic Bank experience, with a view to adding a greater degree of convenience to customers’ lives. The bank’s Head of Self Service Channels, Southwell Mbongwe said prepaid Electricity and DStv subscription services strive to make our customers’ daily burden of running errands just a little bit lighter. “One can take care of these subscription and payment needs from the comfort of their own home or office, or…
The Southern African Asset Management Association (SAAMA) “hopes to reach the decision makers in the utilities serving Africa to increase their awareness of the benefits of using solid, proven asset management principles”, stated Anton Booyzen, President of SAAMA. Booyzen will be an expert panellist during a discussion on the asset management of power stations at African Utility Week in Cape Town in May. “The obvious challenge in most developing countries is the lack of skills to ensure that assets reach their expected life span”, said Booyzen. “This is exacerbated by the lack of understanding of many professionals of the impact…
Botswana Diamonds (BOD) says Sunland Minerals has been awarded three Prospecting Licences by Botswana government. The licence areas cover 46 sq. km, 48 sq. km and 3.3 sq. km respectively and are located in the central area of Botswana. BOD said the licences PL135/2015 and PL136/2015 were selected specifically to verify the previously identified geophysical anomalies (both magnetic and gravity) and added that to ‘follow up if justified’. Sunland Minerals is the exploration joint venture company owned equally between John Teeling’s led company (BOD) and Russian major, Alrosa; the biggest producer of diamonds in the world. “PL137/2015 contains mineralogical anomalies…
Galane Gold, the un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana, says a new five-year mine-plan that will form the guide for the company’s short-term goals and long-term strategy, has been approved. The company said the mine plan was given the go ahead based on a gold price of $1,200 per ounce, which has provided us with a sustainable path forward while retaining flexibility. Galane Gold CEO, Nick Brodie said the key component of the plan is the completion of the development of Tau underground. “We therefore expect that our cash position will decline in…
Botswana Diamonds (BOD) says it has issued 15,009,381 ordinary shares of £0.01 pence each, to certain directors of the company in lieu of accrued professional fees. According to the exploration company that is scouring for diamonds in the Orapa kimberlite area in Botswana, the shares have been issued at a price of 1.066p each, being the 10 day VWAP to 16 April 2015. The directors include the charismatic Irishman, John Teeling who acts at the Chairman. Following this issue, the directors’ shareholdings in the company are as follows: Previous shareholding New Shares being issued Resultant shareholding Percentage holding of…