BCL Limited has sent its Medical Team to assist at the 2nd African Youth Games and also handed over a waste disposal truck to the Selebi Phikwe Town Council (SPTC). The truck was repaired at a cost of P172 658. The medical delegation includes a First Aid Instructor who has produced top class First Aid Practitioners and winning teams at National First Aid competitions held under the auspices of Botswana Chamber of Mines. The resources availed include a General Nurse, First Aid Trainer/Expert, First Aiders with prepared First Aid boxes and an equipped ambulance. By this contribution, BCL augments efforts…
Author: Editor
Pangolin Diamonds Corp. has announced the recovery of micro-diamonds from a series of recently acquired core samples from the Magi kimberlitic sandy tuff at its 100%-owned Tsabong North project in south-west Botswana. The company said the samples of drill hole from Magi-005 collected for diamond recovery at the kimberlitic Magi area have returned three micro-diamonds from two consecutive samples (sample 2304: 45.65 meters to 47.65 meters and sample 2305: 47.65 meters to 49.35 meters) with a total length of 3.7 meters. The samples are described as reddish brown, fine to medium grained sandy tuff with greater than 10% rock fragments…
Lucara Diamond Corp. has announced the recovery of thirteen diamonds larger than 100 carats, two of which exceed 200 carats, since the start of the second quarter. Of the thirteen stones recovered, eight are gem quality diamonds. The five largest gem quality stones weigh 259cts, 239cts, two stones weighing 153cts each and a 133cts stone. Since the beginning of the second quarter, Karowe has produced 239 diamonds larger than 10.8 carats, including 27 diamonds with weights between 50 and 100 carats. Lucara also announced its second Exceptional Stone Tender on July 18, 2014. Client viewings will take place in both…
Botswana GDP grew by 4.7% during q4 as revealed by data from Statistics Botswana. On a q/q basis the total GDP grew by 3.6%; the largest growth for all the quarters in 2013. The slower growth was mainly due to the decline in the Electricity sub sector, which recorded the only negative growth of 205.5% relative to the 63.5% growth posted during q3 reflecting the acute power and water shortages experienced in the country during the period. Although other sectors such as mining and manufacturing grew, the rate of growth was slower than the previous quarter on a y/y basis.…
Plans by members of the African Union to implement a new tourism tax on air passengers and hotel guests in Africa could have a detrimental effect on the long-term economic growth and should be scrapped, according to the World Travel & Tourism Council. “Rather than taxing tourists, I would urge the African Union to focus on ridding itself of complicated visa processes, liberalising its skies, planning infrastructure for the long term and eliminating poaching,” argues David Scowsill, President & CEO of WTTC. “It is these measures, rather than taxation, which will ensure it gains a greater share of the global tourism…
Lucara Diamond Corp. says it has obtained approval of a secondary listing of its shares on NASDAQ OMX Stockholm. The shares are expected to commence trading on the Main Market on May 23, 2014. The last day of trading of the company’s shares on NASDAQ OMX First North is expected to be May 22, 2014. “Holders of the company’s shares are not required to take any action in connection with the Listing,” it said in a statement. “There is no issue of new shares in connection with the Listing, and the trading symbol “LUC” and ISIN-code CA54928Q1081 will remain the…
On Wednesday 14th May 2014 Botswana Accountancy College organized a two day employability workshop for students in the School of Business and Leisure. The objective of the employability workshop was to sensitize students on key skills demanded by the labour market and the entrepreneurial land scape to enable them to take on any challenges they may meet on these fronts. Said Academic Director of BAC, Dr. Byron Brown, “This workshop is designed to guide students into the labour market by introducing them to industry leaders from the business community. It is an opportunity for them to network with these industry…
MICROmega Holdings’ Limited subsidiary company NOSA is the exclusive provider of SAMTRAC International – a leading global occupational health, safety and environment course that will be marketed and sold by JSM Appointments in Australia. Specialising in the management, retention, and sourcing of engineering-related skills in the mining, power and energy industries, Western-Australian based JSM Appointments has a large client base that is involved in occupational risk management in the workplace. “JSM Appointments has a duty to ensure the health and safety of hired contractors and referred candidates that may become the employees of our clients. We therefore welcome the opportunity…
Pangolin Diamonds Corp. has announced the closing of a non-brokered private placement financing for aggregate gross proceeds of $718,000. The offering consisted of 7,180,000 units of the company (each, a “Unit”) at a price of $0.10 per unit. It said Each Unit consists of one common share in the capital of the company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.20 for a period of two years from the date hereof. The Company retained the services of Aberdeen Gould Capital Markets Ltd., an exempt market dealer…
Tlou Energy Limited says the Selemo pilot pod has now displayed evidence of first gas breakthrough by reaching critical gas desorption pressure (CDP). The Lesedi CBM Project area includes the Lesedi pod (which commenced dewatering on 5 December 2013) and the Selemo pod (which commenced dewatering on 17 November 2013). The Selemo pod has seen casing pressure increase steadily over the past week. “Tlou is encouraged by the buildup of casing pressure at Selemo and expects, based on the continued build-up of gas pressure, that the pilot should start flowing gas in the near future,” said the company in an…