De Beers said market for rough diamonds is improving as many economies around the world are slowly opening for business following COVID-19 induced lockdowns. The diamond major revealed this on its latest report on the value of rough diamond sales (Global Sightholder Sales and Auctions) for the sixth and seventh sales cycles of 2020. According to De Beers $320 million worth of diamonds were sold during Cycle 7 2020, which was better than the actual figure of $116 million recorded in Cycle 6 2020 and $287 million registered during Cycle 7 2019. Cycle 7 2020 provisional sales value represents sales…
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Botswana Diamonds said its Board has arranged a placing with existing and new investors to raise £300,000 via the issue of 50,000,000 new ordinary shares at a placing price of 0.6p per Placing Share). According to the company, each Placing Share has one warrant attached with the right to subscribe for one new ordinary share at 0.6p per new ordinary share for a period of two years from, 7 September 2020. The funds raised will be used to fund ongoing exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the Company. The company…
Tlou Energy has engaged Mott MacDonald engineering consultants to work on the detailed engineering and design of the proposed 66kV transmission line and steady progress has been made thus far. The natural gas explorer made the announcement following a recent site visit by Botswana Power Corporation (BPC), Mott MacDonald and the Company, conducted in relation to the proposed transmission line to connect Tlou’s Lesedi Power project to the BPC electricity grid. Tlou Energy MD Tony Gilby said Mott MacDonald have been doing an excellent job and are very pleased with progress to date. “The lifting of some COVID-19 related restrictions enabled a recent productive site visit with Mott MacDonald and BPC and activity…
De Beers Group said Céline Assimon will succeed François Delage as Chief Executive Officer of De Beers Jewellers. After a decade at the helm of De Beers Jewellers, François will step down as CEO at the end of September, with Céline joining the business on 1 September to ensure a seamless transition of leadership. Céline has a strong track record as a creative and inspirational leader with extensive global experience across marketing, sales and merchandising in the high-end jewellery and luxury sector. As Worldwide Head of High Jewellery and High Watchmaking Sales at Louis Vuitton, and later on with Piaget…
Gem Diamonds Limited said it has recovered a high quality 442 carat Type II diamond from its Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. “The recovery of this remarkable 442 carat diamond, one of the world’s largest gem quality diamonds to be recovered this year, is further confirmation of the calibre of the Letšeng mine and its ability to consistently produce large, high quality diamonds,” said Clifford Elphick, CEO of Gem Diamonds. “It is also a fitting testament to the dedication of the employees in the Group to have recovered such an…
CAPE TOWN: Enygma Ventures’ subfund Shift, has opened for a second round of funding for entrepreneurs and innovators in Africa who either have existing businesses or new business ideas. Applications for Shift, a partnership between Enygma Ventures and Startup Circles, reopens on Monday 3 August and closes on 31 August. The Shift Fund, which was launched earlier this year in April as a response to the current Covid-19 pandemic, focuses on entrepreneurs and innovators in Southern Africa who are passionate about driving innovative solutions to address Africa’s challenges both during and after the pandemic. This second round of funding comes…
Major Moves Comedy is back with yet another rib cracking lineup for their monthly event this August. First Friday Comedy which has been successfully happening every first Friday is back with a bang at Cresta President Hotel after being suspended because of the corona pandemic. Following the easing of restrictions, the audience will be treated to too much hilarity and great silliness from a variety of comics as they take to the stage on Friday August 7. The amusing and funny lineup will feature top local comedians for the first event post lock down. The stellar lineup that has resident…
Subsequent to the advent of the Novel Corona Virus, the Majwe-AM570 Cycling Challenge had to be postponed as the nation went under lockdown and later a State of Emergency (SOE) declared. After the eventual lifting of some of the bans and the return to normalcy, new dates have been identified for the Inaugural Majwe Mining Albert Milton (Majwe-AM570) cycling challenge. The challenge will take place from the 3 rd -5 th December,2020 (a period of 3 days). This challenge comes in the wake of Albert Milton’s untimely demise (MHSRP) in August of 2019. Milton was an avid cyclist whose cycling…
Minergy, the coal mining and trading company with the Masama coal mine located in the Mmamabula Coalfield of Botswana, has exported Botswana’s first coal by rail to South Africa on 17 July 2020. The coal, mined at the Masama coal mine, was loaded onto trucks and transported 60km to the rail siding at Tshele Hills. This is the first of three trains bound for an industrial client in the cement sector in South Africa. The initial train consisted of 50 wagons, with each wagon carrying approximately 53 tonnes of coal product, equating to roughly 2 650 tonnes in total. The…
Botswana Diamonds (BOD) has agreed to acquire the KX36 Diamond discovery in Botswana, along with two adjacent Prospecting Licences and a diamond processing plant. According to the AIM and BSE listed diamond explorer, these interests are part of a package held by Sekaka Diamonds. BOD is acquiring 100% of the shares of Sekaka. The vendor is Petra Diamonds. The consideration comprises a cash payment of US$300,000 and a 5% royalty on future revenues. The cash consideration is payable on a deferred basis with US$150,000 payable on 31 August 2021 and the balance on or before 31 August 2022. The acquisition…