Lucara Diamond Corp has announced excellent results from its third Exceptional Stone Tender. The special tender of Karowe diamonds was completed on November 25, 2013 and consisted of 14 single stone lots. According to the company, all 14 stones, totaling 1,028 carats were sold for gross revenues of $22.9 million ($20,280 per carat). The highest value stones sold were a 256.6 carat and a 137.9 carat diamond which sold for $4.40 million and $4.28 million respectively. An additional 7 diamonds sold for more than $1.0 million each. The company will hold one more regular tender during the fourth quarter, bringing…
Author: Editor
Botswana government has caused an international uproar following its revelations that it allowed some form of fracking inside the controversial Central Kalahari Game Reserve and other parts of the country. The admission comes at the back of a documentary, “High Cost of Cheap Gas”, which exposed gas exploration in a country that is facing water rationing and Botswana government’s backlash over the relocation of Basarwa from their ancestral land. A joint statement issued by Nchidzi Mmolawa, Acting Permanent Secretary, Ministry of Mineral, Energy and Water Resources, Portia Segomelo, Acting Deputy Permanent Secretary for Environment Affairs, Ministry of Environment, Wildlife and…
Botswana Diamonds (BOD) and its partner, Alrosa will commence fieldwork in Orapa early next year following months of analysing data and identifying targets. BOD revealed that geologists from Russia will begin work on an area which contains a top ranking target. The detailed work programme will commence in January 2014 with the objective to refine drill targets followed by a drilling programme in March/April 2014. However, the company pointed out that although there are high expectations for this work, ‘it is grassroots exploration.’ “Botswana Diamonds is about to enter a high powered phase of exploration. In early January 2014 the…
Sixty-eight year old Kenaope Tantsidi sits opposite leaders from Botswana’s development industry in her home village of Lerala, pen poised and an intense look on her face. With hair wrapped in the traditional style and a white collared blouse and blazer, she is the picture of community based natural resource management success. Mrs. Tantsidi means business. She is Chairperson of Kgetsi ya Tsie Community Development Trust, which, among other activities, harvests and produces oil from marula trees. Along with the Trust Coordinator, Naesego Namipi, she is meeting with the project’s funding bodies and support organisations, the Kalahari Conservation Society, and…
On the 19th of November 2013, Botswana Insurance Company Limited hosted its Agents Forum at the BIC Head Office in Gaborone. This was the second Agent Forum hosted in 2013; the first forum’s objective was to update Agents on BIC’s overall plans and key department initiatives. It was also an opportunity for Agents, as important stakeholders, to provide feedback to BIC on behalf of their clientele. The second forum held under the theme “Keeping ahead in a fast changing industry” focused on the importance of providing exceptional customer service, in a competitive business environment and critical success areas of client…
South Africa Tourism (SAT) has urged the world to consider business meetings in Africa as the continent is no longer on the side-lines, but has “taken centre stage”. Speaking at the EIBTM press conference in Barcelona, Spain, Chief Executive Officer, of SAT, Thulani Nzima said Africa is capable of hosting conferences. “We invite you to seriously consider Africa as a destination for meetings, events, incentives and exhibitions because South Africa is capable, and South Africa delivers on expectations with excellence,” Nzima said. EIBTM is the leading global event for the meetings, incentives, conferences, events and business travel industry, taking place…
Tsodilo Resources Limited said through its wholly-owned subsidiary Gcwihaba Resources it has struck a deal with First Quantum Minerals Ltd (Faloxia Proprietary) for a Earn-In Option Agreement interest in metals prospecting licences in Botswana. Under the terms of the Option Agreement, First Quantum can earn either a 51% participating interest or a 70% participating interest in designated projects within the overall license area covered by the Option Agreement. However, it has to satisfy the funding exploration expenditures within the Project Area in the aggregate amount of US$6 million by November 20, 2015 (the “Tranche 1 Funding Commitment”). It also has…
On 19 November, First National Bank Botswana’s corporate and investment banking activities will be rebranded RMB Botswana. FNB Botswana will continue to operate its retail and commercial banking products and services under the FNB brand, while its corporate and investment banking services will be provided under the RMB brand. The rebranding supports RMB’s strategy of growing corporate and investment banking activities in sub-Saharan Africa, with Botswana being an important market in this region. Furthermore, it supports the FNB Botswana strategy of growing its business by broadening the range of corporate and investment products and services. “Botswana is one Africa’s fastest…
MICROmega Holdings Limited is proud to announce the launch of their latest subsidiary, MICROmega Security Solutions. The subsidiary is the sole distributor in Sub-Saharan Africa of iConnect, which is Europe’s leading visual verification alarm system. iConnect gives users a private and secure Cloud account, seamlessly providing instant audio and visual alarm verification from homes or businesses, to users anywhere in the world. At any given time, users can access their private account via a Smart phone, Tablet or Personal Computer to perform many functions such as arming their security system or setting their wireless cameras to send verification images. “Distributing…
Aon plc (NYSE:AON), the leading global provider of risk management and human resource consulting and outsourcing, was named the 2013 Best Global Insurance Broker, Best Central/Eastern Europe Insurance Broker and Best Africa Insurance Broker by Global Finance magazine. These awards are part of Global Finance’s Best Global Insurers 2013 award competition, which acknowledges companies that demonstrate innovative risk management strategy and leading client service. Aon is being recognised for its innovative risk solutions, such as this year’s Sidecar Solution, multinational coverage of risk solutions through an unmatched global network and fact-based analytics and benchmarking, exemplified by Aon Global Risk Insight Platform, the world’s largest proprietary…