Bifm and Barclays Bank of Botswana have once again joined forces to make a positive impact within local communities. On Wednesday 10th December 2014, Bifm CEO, Tiny Kgatlwane, and Barclays Bank of Botswana Managing Director, Reinette van der Merwe, handed over P10,000 worth of food to the Adopt-A-Person (AAP) Orphanage Centre in Gaborone. The handover follows on from a Ladies High Tea event hosted in August 2014 which aimed to show support of the advancement of independent, empowered and up and coming women. Guests at the high tea were asked to contribute towards a canned food drive that would…
Author: Editor
Tsodilo Resources Limited said it has completed a conceptual geological model for BK16 located within the Orapa Kimberlite Field in Botswana. According to available data, Botswana diamond mines have produced an average of 27 million carats annually in the last 10 years and the country is the world’s largest producer of diamonds by value. In 2013, the OKF area produced 12,926,500 carats. Bosoto (Pty) Ltd., which is 75% owned by Tsodilo, has completed the review of all the available historical drill data for BK16. It has incorporated this data with its own ground magnetic and gravity survey results that the…
NOSA, a subsidiary company of MICROmega Holdings Limited, hosted a delegation from the State Administration of Work Safety (SAWS) last week. SAWS is the non-ministerial agency of the Government of the People’s Republic of China and is responsible for the regulation of occupational health and safety in China. NOSA provided training to the delegation on how to manage health and safety risks in underground coal mines. China’s coal mining industry has had a number of high profile safety incidents over the past few years, and with over 20,000 coal mines in the country, there is increasing Governmental pressure on management…
Kimberley Diamonds Ltd (KDL) said the Botswana Department of Environmental Affairs (DEA) has approved and completed the transfer of the authorisation of the previously approved Environmental Impact Assessment (EIA). The EIA was transferred from DiamonEx Botswana, the previous owner of the Lerala Diamond Mine, to Lerala Diamond Mines Limited, KDL’s Botswana subsidiary and the current owner of the Lerala Diamond Mine. “The transfer of this existing EIA permits KDL to undertake the planned upgrade of the plant, site infrastructure and the tailings storage facilities at the Lerala Diamond Mine,” it said. The Lerala Diamond Mine is scheduled…
A new report by the IUCN says increased tourism to national parks can greatly support their protection, so long as it is properly managed. In a new report, Tourism and Visitor Management in Protected Areas: Guidelines for Sustainability, the IUCN gave the example of Wilderness Safaris, whose annual concession fees for safari camps in Africa in 2014 provided governments with over US$4.4 million towards protection of these protected areas. In contrast, between 1994 and 2012, says the report, there was a 28.7% decrease in the number of visitors to national parks in Canada, and in 2012 the government cut funding and staff to the…
Letshego Holdings Limited says it has identified lending to employees in the mining industry as they see stability in the sector that has been the mainstay of the economy for decades. The company actively commenced lending to the mining employees in Botswana in May 2013. Head of Corporate Affairs at the Botswana Stock Exchange listed consumer lender, Mythri Sambasivan-George said tourism, health, and education are also amongst the key areas of micro-entrepreneurship where the group are focusing its diversification strategy going forward. “Traditionally, Letshego has predominantly focused on the public service segment and as part of the company expansion and…
Lucara Diamond Corp. has provided operating performance and capital expenditure guidance for 2015 saying it expects revenue of $230 to $240 million from the sale of 400,000 to 420,000 carats of diamonds in the coming year. The company said operating cash costs for Botswana based Karowe mine will be between $33-$36 per tonne treated while mining is forecast at 2.5-2.8 million tonnes of kimberlite. It revealed waste mining is scheduled to be approximately 12.0-12.5 million tonnes and it is forecasting to process between 2.3-2.5 million tonnes through the plant. Lucara also stated that the building and commissioning of Karowe’s plant…
Global diversified group Anglo American said Anglo American Michiquillay S.A., its wholly owned subsidiary, has given notice to the government of Peru that is terminating the 2007 privatisation agreement which will result in it withdrawing from the exploration phase Michiquillay copper project. Under the terms of the 2007 privatisation agreement, the company had begun the appropriate legal processes to return the project to Activos Mineros S.A.C. The JSE listed mining outfit said in the current economic environment, in which it is bringing increased focus to its portfolio and prioritising its capital to drive greater returns, the group believes that…
Outotec said it has been awarded a contract to revamp and upgrade the Potrerillos copper smelter and sulfuric acid plant of Codelco Salvador Division in northern Chile, in order to comply with the new Chilean environmental regulations that are due to come into force in 2018. According to the company, the value of the order is approximately EUR 64 million, of which one third has been booked in Outotec’s third quarter order intake and the rest in the fourth quarter 2014 order intake. Outotec’s scope of delivery includes detailed engineering of the revamp, equipment supply and technical assistance during the…
The book on tour guide that was launched in Botswana recently has been described as an important publication to the country’s economy. The book titled: Tour Guiding Research: Insights, Issues and Implications was co-authored by Prof. Rosemary Black (from the Charles Sturt University in Australia and Betty and brings a wealth of experience by the two. Deputy Permanent Secretary (Corporate Services) at the Ministry of Environment, Wildlife and Tourism, Goitseone Madikwe said tourism is one of the pillars that the country could use to grow its economy. “It is an important book to our economy,” she said at the book…