The Jwaneng Modular Tailings Treatment Plant has been hailed as a first for Debswana, with the technology expected to be replicated in the other Debswana operations. This was said by the General Manager of Jwaneng Mine, Albert Milton during an open day for the MTTP project in Jwaneng on Thursday. Milton explained that the tailings resource at Jwaneng was a valuable and strategic asset to Debswana, with which the modular plant would be used to recover the diamonds in there, creating revenue of up to P22bn in 20 years. He said “this project entails the construction of a fit-for-purpose plant…
Author: Editor
Stanbic Bank Botswana has announced the appointment of Mr. Lesego Osman as Head of Global Markets at Standard Bank Malawi, effective immediately. Mr Osman assumes his new role within the Standard Bank Group and he is based in Lilongwe, Malawi. “We actively encourage growth and development of all members of the Stanbic Bank Botswana family, part of a wider culture of vocational development across the Standard Bank Group. We believe in leveraging off the opportunities and possibilities across the Group and are incredibly proud to see Lesego benefit from this,” said Stanbic Bank Chief Executive, Mr. Leina Gabaraane. Lesego wields…
Lovers of stand-up comedy will on Friday, August 8th witness a historic comedy show. Get ready for some healthy action night as the multi-award winners in the comedy industry Sifiso Nene and Mawee take their comedic talents to Cresta President Hotel for a night of healing, in non-stop laughter. Don’t miss South Africans’ audience favorite comedian Sifiso live in an all new critically acclaimed and very hilarious comedy package, full of humor. Joining him on stage are rib crackers; award winning Oefile ‘Mawee’ Mokgware from Gabane, Gabz FM’s Paps, Scientist from Mochudi, Peter the white man from Zimbabwe, Phenyo the…
Lucara Diamond Corp. has announced the results from its second Exceptional Stone Tender of 2014. The special tender of Karowe diamonds was completed on July 16, 2014 and consisted of 16 single stone lots. The company said all 16 diamonds, totaling 1,445 carats were sold for gross revenues of $40.12 million ($27,755 per carat). Of the 16 stones sold, 13 sold for more than $1.0 million each including 4 stones which sold for in excess of $4.0 million each. The highest value stones sold were a 109.4 carats and a 118.4 carat diamond which sold for $6.19 million ($56,615/ct) and $5.36…
The Organisation of Eastern and Southern Africa Insurers’ 37th Annual Conference will be held for the first time in Botswana at the GICC from the 18th to the 20th August 2014. There is only a few weeks left before the Botswana Insurance Industry opens its doors to host potential insurance industry investors, decision makers, and high level delegates from Eastern and Southern Africa. This conference will be graced by key players who will provide a wealth of information on pertinent issues in the insurance market. The theme of the conference is titled “Overcoming Barriers To Enhancing Regional Capacity In The…
The Board of Directors of Barrick Gold Corporation has unveiled a new executive management structure that will enable the company to meet the distinct demands and challenges of the mining industry in the 21st century. Kelvin Dushnisky, currently Senior Executive Vice President responsible for Corporate and Government Affairs and Chairman of African Barrick Gold plc, and Jim Gowans, currently Executive Vice President and Chief Operating Officer, will be appointed Co-Presidents with overall responsibility for execution of the company’s strategic priorities and operating plans. This model reflects the interconnected nature, and strategic importance of jointly managing day-to-day mining operations and the…
Debswana Diamond Company says it is awaiting a final regulatory approval to start the rollout of Scannex Project at its operations in a bid to help arrest contraband leaving the mines. The move will make local operations at par with De Beers’ Vanetia mine in Limpopo and Namdeb in Namibia-where the system has already been installed. The system will cost the company owned 50/50 by De Beers and Botswana government P50 million to implement. Eunice Mpoloka, Senior Projects Manager said the project is a culmination of Banks and Kemoso, two reviews conducted to determine the state of security…
De Beers has revealed its updated model for the allocation of rough diamonds by Global Sightholder Sales (GSS) in respect of the March 2015 – March 2018 contractual period. Around 90% of De Beers’ total rough diamond availability by value is sold through GSS. According to the company, the updated allocations model will involve a new method for determining GSS’s rough diamond customer-base, with a simplified, compliance and demand-based customer qualification process being introduced. It will also adopt a more flexible sales approach through which non Sightholder diamond businesses will have opportunities to purchase rough diamonds from GSS. Registrations of…
Selebi Phikwe will house a steel manufacturing plant following a ground breaking ceremony that paved way for the commencement of construction of the facility aimed at reversing the fortunes of the ailing mining town. Pula Steel will be the fully integrated steel manufacturing company in the country and will invest P89 million on the project that will create 1000 direct jobs at full production. “Of pleasant note is not only that the plant will reduce the import bill, but also that it will serve and buttress the mandate of the Selebi Phikwe Economic Diversification Unit (SPEDU) to promote economic development…
Since 2007 LEA has generated two rolling strategies. The first strategy had an all sector focus and was from 2007/08 to 2009/10. The strategy focused on Agriculture; Manufacturing; Services; and Tourism. It prioritised women; youth and the unemployed, pre-start up and start-up services. The second strategy was from 2010 to 2014. It focused on the four subsectors of Piggery, Horticulture, Dairy and Leather. This was because of the comparative advantages the sub-sectors offered and through the value chain approach, more SMMEs could be developed. Several reasons necessitated the change from an all sector strategy to sub-sector strategy. Firstly, there…