Barrick Gold Corporation is joining the TORONTO 2015 Pan Am/Parapan Am Games as its Official Metal Supplier. Toronto-based Barrick will supply all the raw materials used to make the more than 4,000 gold, silver and bronze medals awarded at the Games. Just like the athletes coming to the Games, the metal for their medals will come from the Pan American region. The metals will be sourced from Barrick mines throughout the Americas. “Barrick is a proud Canadian company with operations around the globe, including six Pan American countries,” said Barrick Co-President Kelvin Dushnisky. “With the 2015 Pan Am and Parapan…
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Botswana’s two listed tourism companies have revealed to the market that their interim results are likely to be higher suggesting that the travel market is making improvements. Wilderness Holdings, that trades as Wilderness Safaris and Chobe Holdings have both notified the Botswana Stock Exchange they expect improved and better half year performances respectively. “In terms of the listing requirements of the Botswana Stock Exchange, the Board of Directors hereby announces that the Group’s results for the half year ended 31 August 2014 are likely to be significantly higher than those achieved in the corresponding period in prior year,” said Chobe…
Standard Bank’s palladium-backed exchange traded fund (ETF), AfricaPalladium was approved for secondary listing on the Namibian Stock Exchange (NSX). The AfricaPalladium ETF listed on the NSX on 26 September 2014. AfricaPalladium has attracted 560,000oz of palladium valued in excess of R5 billion from investors since its inception on 24 March 2014 on the Johannesburg Stock Exchange (JSE). AfricaPalladium is the second largest palladium ETF globally. “The AfricaPalladium ETF listed on the NSX will invest directly in palladium metal and tracks the Namibia Dollar price of the metal,” says Mr Johann Erasmus, Head of Global Structuring at Standard Bank…
Kimberley Diamonds Ltd, the Australian company– which is in the process of restarting the Lerala Diamond mine in Botswana– says it has no plans to selling the assets it describe as desirable to its portfolio. The ASX listed mining company stated the ‘market rumours’ are false’ as the mine is its flagship project and as previously announced, it is working towards recommissioning Lerala in 2015. “It has come to the Board’s attention that there have been rumours in the market that KDL is attempting or intending to sell Lerala,” the company said. “Such rumours are not true. KDL…
Regent Select Hotel said it is targeting a business traveler who wants to conduct business and sleep in a safe and quite environment. The new hotel that started operating on August 17, 2014, has pledged to supply quality rooms to the hospitality market in a bid to help address shortage in the city and countrywide. The 30 roomed hotel located at Gaborone’s Extension 10 also revealed it embraces green technology as it wants to take good care of the environment. General Manager of Regent Select, Jimmy Borchard says their comparative advantage is that the facility gives a business…
The Ministry of Transport and Communications (MTC) is selling 49% of its shares, in BTCL through a process known as an Initial Public Offering, an IPO. In conjunction with Public Enterprises Evaluation and Privatisation Agency (PEEPA) and Botswana Telecommunications Corporation Limited (BTCL), MTC will host a BTCL IPO awareness diPitso to share information with members of the public on BTCL shares that will be offered during November 2014. The diPitso come as part of the overall efforts to educate and sensitise Batswana on the BTCL IPO, now in advanced stages. The BTCL IPO has been scheduled for November 2014.…
Lebogang Disele and Tumisang Baatshwana said they have been invited to attend the Performing the World (PTW) conference in New York, USA. This is the eighth edition of the conference and this year’s theme is, ‘How shall we become?’ PTW, which takes place in New York, USA from 10 – 12 October 2014, is an interdisciplinary and practical-critical conference that interrogates the role that performance can play in changing our world. Disele is scheduled to present a seminar/workshop titled, ‘Keneilwe: displaced by our search for identity?’ The presentation will feature a short excerpt from the dance production, KENEILWE: A…
Tlou Energy says the Selemo Pilot Pod remediation work successfully completed and production testing resumed. The company stated that the planned remediation work commenced in early September 2014 and the work successfully isolated the previously encountered casing integrity issue and production testing recommenced in mid-September 2014. “Since recommencement of production testing, Selemo has steadily dewatered with CDP anticipated in the near term.” The company has previously established that gas can be liberated from the coal by employing a careful dewatering process (at Selemo). The primary objective is to now demonstrate a commercial gas rate following the dewatering…
The Country Manager for DHL Express Botswana, Mokgethi Magapa was recently invited to speak as guest of honour at Morama Junior Secondary School located in Jwaneng. Magapa was invited to speak at the school’s annual prize giving day where select students were acknowledged for their exceptional performance in the various school subjects. The school has a population of over 1000 students and to be acknowledged amongst the top achievers is an outstanding accomplishment. Following the award ceremony, Magapa then donated a computer and printer to the school. “As part of our CSR objectives of Go Teach and Go Help, as…
The popular Stanbic Bank Independence Trophy Golf Championship took place this past weekend. The third consecutive championship event sponsored by Stanbic Bank took place at Gaborone Golf Club on the 20th and 21st of September 2014. Emerging as the key victors were Geoffrey Nchini and Maria Machailo-Ellis for men and women respectively. Stanbic Bank sponsored the event to the tune of P80, 000.00. This includes P40, 000.00 worth of prizes as well as P40, 000.00 worth of sporting apparel and the trophy, dubbed the Stanbic Bank Independence Trophy. A total of 159 golfers had been drawn to play on Saturday,…