Tlou Energy has commenced Selemo 1P/1A pod production testing with the company saying early results are showing positive production indications. The testing operations have commenced in 4Q13 following the installation of pumps in the vertical wells and commissioning of surface testing facilities. “Following well conditioning operations of the Selemo 1P/1A-R wells, a 2.38mm (2-3/8”) tubing string and pump were run and set in place to complete the well for production. Surface flow lines and well monitoring equipment was installed and tested to complete the installation,” the company said in an update. “Pumping of Selemo 1P commenced on 17 November. The…
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De Beers says it has successfully completed its first international Sight in Gaborone, Botswana on Thursday 14th November, providing a seamless transition for Sightholders following the relocation from London, with all systems and processes running smoothly. Strong demand was also in evidence at the Sight ahead of the end of year selling season. The new US$35 million state-of-the-art De Beers facility, which was completed ahead of schedule and below budget, has been supported by investment in Gaborone airport by the Government of Botswana to improve entry for Sightholders. The relocation of international Sights to Gaborone highlights De Beers’ commitment to…
Continental Coal Limited , the South African thermal coal production, development and exploration company, has provided operations and corporate update with production at the company’s recently opened Penumbra underground coal mine located in the Ermelo coal fields of South Africa reached 51,000 run-of-mine (ROM) tonnes for October 2013. It said free-on-board cost per tonne for October 2013 was ZAR645/t (US$64.5/t) and continues to improve as production volumes increase. The availability of the continuous miners during November 2013 had a negative impact on the month to date production. “This matter is being addressed by the Company’s operations team with the support…
Friday 15th November 2013 saw Stanbic Bank Botswana and its Kalahari Wine Tasting Festival partners hand over a P51, 363.75 donation to Rhino Conservation Botswana. The donation comes as part of an ongoing commitment towards playing a socially relevant role within the community and working to support wildlife conservation in Botswana. The donation was received by the Board of Trustees of Rhino Conservation Botswana at Wilderness Safaris in Maun. The funds were raised during the Kalahari Wine Tasting Festival held on 31 July and 1 August 2013. The event was sponsored by Stanbic Bank in association with Fine Brands,…
First National Bank of Botswana announces the launch of its latest innovation in digital banking, the FNB Smartphone Banking App that works on IOS Apple, Blackberry 10 as well as Android Smartphones. As part of its wider digital and mobile strategy, the Bank is also launching the FNB.Mobi site which works on both smartphones and internet enabled phones. The two digital platforms were introduced during an interactive launch held at First Place, where the media were given firsthand opportunity to explore the functions of the FNB App and the FNB.mobi The FNB App is a safe and secure banking application…
Signet Jewelers Ltd, the largest specialty retail jeweler in the US and UK, has acquired a diamond polishing factory in Gaborone, Botswana from H&A Cutting Works (Botswana) (Proprietary) Ltd., a subsidiary of Exelco International Limited. Mike Barnes, Signet Chief Executive Officer said the company’s objectives with this initiative are to secure additional, reliable and consistent supplies of diamonds for our customers, and achieve further efficiencies in the supply chain “We are committed to further developing this initiative, as well as, building our relationships with our established vendors of polished diamonds and diamond jewelry, who will continue to account for the…
In a gesture to appreciate the first sight in Gaborone, D.E.F.’s Empowerment Circle Partner, Malca-Amit hosted a celebratory event honoring the inaugural 2013 Botswana Sight. Government officials, dignitaries, and DTC Sightholders, were among the guests recognizing the importance of the move of De Beers Sales Operations from London to Botswana. “This momentous occasion marks a new chapter for further expanding diamond beneficiation throughout Southern Africa,” said Nigel Paxman, CEO of Malca-Amit , noting the historic nature of the first sight,. Malca-Amit South Africa CEO, Graeme Lazarus, introduced an address to the audience by Dr. Benjamin Chavis, co-founder of D.E.F. Chavis…
The St Louis Export (SLE) Formula One (F1) promotion which saw entrants stand a chance to win a trip to the Brazilian Grand Prix came to a fantastic close on 5th November 2013. The lucky winner, Mr Wangu Mphinyane, was announced live on Yarona FM’s FSB, marking the culmination of the nine week long promotion. The St Louis Export F1 which ran from 4th September 2013 to 5th November 2013 and was open to all persons over the age of 18. St Louis Export consumers from as far as Maun and Tsabong took part in the promotion in a bid…
Discovery Metals said it is withdrawing Item 3 from the Notice of Annual General Meeting, which proposed a resolution to consider the re-election of Jeremy Read as a director of the company. The move follows the company’s recent announcements in relation to Board and Management changes and it has decided to withdraw this item of business on the basis that the reduced size of the company’s Board requires only one Director be nominated for re-election by rotation under the Company’s constitution at this time. “The withdrawal of this item of business will not affect the validity of the proxy form…
The shareholders of Debswana Diamond Company (Pty) Limited (Debswana), a 50/50 joint venture between Botswana government and De Beers, have appointed Balisi Mohumi Bonyongo, currently Chief Operations Officer, to take over as the company’s Managing Director when James Kitchener Gowans’ tenure ends on 31st December 2013. Gowans was appointed as Managing Director on 1st January 2011 on a three year contract with a mandate to optimise and position Debswana’s operations for continued profitability and growth. The Board of Debswana acknowledges the significant progress accomplished by Gowans to improve the Company’s operational performance and skills capacity during his tenure. This has…