Statistics Botswana has revealed that imports, exports, local traffic and transit traffic of the rail transport sub-sector have fluctuated over the years with transit traffic recording the lowest revenue each time. According to Transport and Infrastructure Statistics for Quarter 3 of 2014, a total of 497,898 goods traffic was recorded for Q3 2014. The report says imported rail goods accounted for the largest proportion of total rail goods traffic. Rail goods made up 40.7 percent and exports made up 36.1 percent of total traffic. “Total Traffic recorded a total increase of 8.7 percent when compared to the previous quarter, Q2…
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African governments have been told that the continent will need to invest billions of Dollars annually in order to meet the continent’s energy needs by 20140. Event Director of African Utility Week, Evan Schiff added that investment in the sector could be a lucrative undertaking. Speaking ahead of the event taking place in Cape Town from 12-14 May, Schiff stated that governments and business should collaborate to achieve this. “Investing in the power sector in Africa can be very lucrative and we have the success stories to prove it”, he said. “$42 billion a year will be required to meet…
Stanbic Bank Botswana has reaffirmed its dedication towards the development of local sporting talent. This comes as part of the Bank’s sponsorship of the annual Diacore Gaborone Marathon, which took place on Sunday 22nd March 2015. Further rewarding the top Motswana male and female athletes in the 21.1km race (which Stanbic Bank has secured naming rights for). Mr. Godiraone Nthompe and Ms. Mema Tiango each earned themselves P5,000.00 cash prizes for their efforts, coming in at 1:08:43 and 1:22:14 respectively. “The positive influence of sport in our society cannot be understated. We are always eager to help support platforms such…
Anglo American said it has appointed to the Group Management Committee of Anik Michaud as Group Director – Corporate Communication, with effect from 30 March 2015. Michaud, 47, joined Anglo in 2008 as Group Head of Corporate Communication. Chief Executive of diversified mining group, Mark Cutifani stated that repositioning the group’s corporate communication activities to the heart of the decision making under Michaud’s proven leadership will help ‘us achieve our strategic goals and ensure that our reputation and licence to operate are given the appropriate consideration.’ “We are absolutely focused on the need to engage more effectively with our ever…
Barrick Gold Corporation said it remains committed to working with stakeholders and local communities in Chile to advance Pascua-Lama in an environmentally responsible manner, respecting its legal and regulatory requirements. The comments come after Chile’s Environmental Court ruling that the Pascua-Lama project has not damaged glaciers within the project’s area of influence. Barrick’s Executive Director for Chile, Eduardo Flores stated that and protecting glaciers from harm is essential to the work we do every day at Pascua-Lama. “That is why Barrick worked with leading independent experts and glaciologists to develop and implement one of the most rigorous glacier monitoring programs anywhere in the world,”…
Botswana Diamonds, the listed explorer, said it has been granted a new prospecting licence in the Orapa area, near Debswana’s operating mines. The licence, PL 085/2015, given by Botswana government has been awarded to Atlas Minerals, the BOD local subsidiary company. According to the company, the licence will be explored as part of the ongoing 50/50 exploration joint venture between Botswana Diamonds and Alrosa, the Russian diamond major. BOD Chairman, John Teeling said this is a small, but important step, adding that they feel that there is a very good chance that unknown kimberlites exist in the area covered by…
Rio Tinto and joint venture partner Alcoa said they have agreed to terminate a historic State Agreement Act intended to facilitate the mining of bauxite and the development of an alumina refinery in the north Kimberley region, clearing the way for the area to be included in the Kimberley National Park. According to the global mining major, the area is internationally recognised for its rich flora and fauna, tourist drawcards such as the spectacular Mitchell Falls and indigenous rock art dating back over 40,000 years. The move to free up one of the world’s great wilderness areas marks an important…
Lansmore Masa Square said the 2015 installment of the annual Wedding and Fashion Expo will see an increased focus on showcasing and nurturing local talent. According to Lansmore Masa Square Sales and Marketing Manager, Botho Mogami they have a wealth of local talent in the fashion industry, from models to designers. “We want to work, this year, to help shine a greater spotlight on this talent, and further help grow those in the industry”. The bevy of local designers can this year look forward to working together to hone and develop their skills further as part of a dedicated pre-Expo…
Schneider Electric, the world specialist in energy management, has released the first survey on electrical counterfeiting products ever conveyed in Africa. Based on the results, the first conclusion is that counterfeiting of most common electrical products is widely spread in all African countries, representing 40% to 80% of their markets. Cables, breakers, sockets, switches and extension cords, are the five most counterfeit electrical products (in that order). China remains the main source of electrical counterfeit goods entering the continent (75% of the answers) followed by the rest of Asian countries. Locally manufactured counterfeits originate mostly from Tanzania, Nigeria and Ivory…
Outotec said it has agreed with M&W High Tech Projects UK Limited for the delivery of technology for a new waste to energy plant to be built near Lanark in Scotland for Levenseat Renewable Energy Limited. The company said equally, it signed a twelve-year operation and maintenance contract for the plant with the end customer. The total value of the orders is approximately EUR 60 million, of which EUR 30 million has been booked in Outotec’s 2015 first quarter order intake. Outotec’s scope of delivery covers the engineering and delivery of the main process equipment for a 12.5 MWe waste-to-energy…