Tlou Energy says the contract for the construction of the transmission line to connect the Lesedi Power Project to the Botswana’s electricity grid has been signed. The company’s Managing Director, Tony Gilby said the commencement of transmission line construction represents a new and exciting phase for Tlou aimed at delivering on “our huge gas-to-power potential and starting the monetisation process for our considerable gas reserves”. “We very much look forward to working with Zismo on transmission line construction and achieving first revenue. It has taken a long time but what has been achieved to this point is outstanding. We are…
Author: Editor
Amidst optimism and hope in reviving the tourism sector, Botswana Pavilion, on 19th January 2022, held official press briefing to announce the Botswana Tourism Month at the Expo 2020 Dubai. Set to be on display until the 8th of February 2022, the one-of-a-kind showcase promises to highlight the Southern African country as a globally competitive force in tourism with a rich natural resource base and investment potential. The exhibition will shine a spotlight on Botswana’s diverse culture, its food, song, dance and the long-standing principles of sustainability. Participating delegates included Botswana’s Honourable Minister of Environment, Natural Resources Conservation and Tourism,…
Tlou Energy Limited and the Botswana Power Corporation (BPC) have signed a 10MW Power Purchase Agreement (PPA). Under the terms of the PPA, BPC will purchase up to 10MW of power generated at Tlou’s Lesedi power project. The PPA is for an initial five-year term with the 10MW project being the first phase of Tlou’s planned power project expansion.The Company would like to thank to all those involved in this process and the Government of Botswana for their support of the industry. “Signing of the 10MW PPA is a major step forward for Tlou and builds on the excellent progress…
Botswana Diamonds plc (BOD) says Okwa Diamonds Pty Ltd, a joint venture with Vast Resources plc (“VAST”) in which it has an initial 10% carried interest, has conditionally agreed to acquire Gem Diamonds Botswana Pty Ltd (GDB), a wholly owned subsidiary of Gem Diamonds Ltd (Gem Diamonds), for a cash consideration of US$4 million. GDB’s primary asset is the fully permitted Ghaghoo diamond mine in central Botswana which is currently under care and maintenance. BOD has an initial free carried interest of 10% in Okwa Diamonds Pty Ltd (“Okwa”) for the first US$15 million of expenditure by Okwa, which is…
Lucara Diamond Corp. said it has signed loan documentation in relation to its previously announced senior secured project financing debt package of US$220 million between Lucara Botswana Proprietary Limited as the Borrower and a syndicate of five mandated lead arrangers (“MLAs”). The MLAs are: African Export-Import Bank (Afreximbank), Africa Finance Corp., ING, Natixis, and Societe Generale, London Branch. Afreximbank is acting as Facility Agent in connection with the Facilities. The Facilities include two tranches: a project finance facility of US$170 million to fund the development of the underground project, and a US$50 million working capital facility to re-finance the Company’s existing debt and to support on-going…
In an achievement that epitomizes Morupule Coal Mine’s pledge to Zero Harm the Motheo Project recently reached the one million recordable injury free man-hours milestone. This means that all the workers involved in Motheo Project; contractors and MCM staff have worked a million hours without experiencing fatalities, lost time injuries, medical injuries or restricted time injuries. Motheo is an expansion project established by Morupule Coal Mine to develop an open cast mine, a coal washing plant and associated infrastructure. The ultimate aim of the project is to facilitate MCM’s contribution to Botswana’s economic growth and transformation of coal into unlimited…
Khoemacau Copper Mines has announced the achievement of a major milestone at its Khoemacau Copper Silver Project on 30 June 2021, with the production of the first copper silver concentrate from its Boseto process plant. This milestone was achieved safely, within schedule and the overall Project remains within 3% of the original budget. The first shipment of concentrate is scheduled for July 2021. Since underground development of Khoemacau’s Zone 5 Mine commenced in early 2020, more than 350,000 tonnes of high-grade sulphide ore has been stockpiled on surface, and is available to feed the facility. The ore is transported 35km…
Tsodilo Resources Limited says the Ministry of Mineral Resources, Green Technology and Energy Security in Gaborone, Botswana has granted the renewal of Prospection License 369/2014 for a two-year period commencing October 1, 2021. The license area contains the Company’s BK16 kimberlite project. The diamondiferous BK16 kimberlite pipe is located within the Orapa Kimberlite Field (“OKF”) in Botswana and contains rare and valuable Type IIa diamonds. BK16 is located 37 kilometers (km) east-southeast of the Orapa Diamond Mine AK01, 25 km southeast of the Damtshaa Diamond Mine, and 13 km north-northeast of the Letlhakane Diamond Mine, all operated by Debswana and…
Lucara Diamond Corp. said it has recovered a 470 carat top light brown clivage diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond, measuring 49x42x26mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe. The 470 carat recovery forms a notable contribution to a series of top quality gem and clivage quality diamond recoveries during a recent production run, including an additional 5 diamonds greater than 100 carats (265ct, 183ct, 161ct, 116ct, 106ct) and 13 diamonds between 50 and 100 carats in weight. The May production run, dominated by EM/PK(S) ore, produced…
Botswana Diamonds PLC says a second kimberlite blow has been discovered at Thorny River exploration project in South Africa. According to the exploration company, the new blow (swell in the kimberlite dyke) is about the same size as the River Blow discovered at Thorny River in November 2020. The company Board therefore “expects that further drilling should join the two discoveries into one continuous blow. BOD Chairman John Teeling said these are very good results adding that what was originally a six-hole Reverse Circulation drilling programme going eastwards from the River Blow was led westwards by good ongoing drilling indications, including one…