Tlou Energy Limited says the Lesedi 1A horizontal in-seam well has successfully intersected the Lesedi 1P vertical pumping well. The rig is currently preparing to move from Lesedi 1A to the Lesedi 1B horizontal in-seam well, the final well in the 2013 drilling program. The Lesedi 1A 152mm (6”) in-seam horizontal section was drilled from the 178mm (7”) casing point (set at 629m) to intersect with Lesedi 1P at a total drilled measured depth of 1,427m. Good quality gaseous coal was intersected along the entire 788m drilled path through the target Morupule Coal Seam. The drilling rig move from Lesedi…
Author: Editor
The Global Trade Leaders’ Club (GTLC) based in Madrid, Spain has awarded BCL Limited an International Europe Award for Quality. The Award is in recognition of the Mines commitment to quality and excellence in its operations. This honour is granted annually by GTLC, a membership based international business organisation of about 7500 top international business firms from 95 states from around the globe. GTLC organises the granting of several International Trophies to enterprises from all over the world as an encouragement and recognition of their work, devotion, innovation, and quality. It also promotes members firms and organisations as potent markets…
De Beers celebrated another milestone in its 125 year history with the start of rough diamond sales to international Sightholders in Gaborone, Botswana today. The relocation of Sights to southern Africa underpins the long-term future of the partnership between De Beers and Botswana, and is another significant step in the country’s transformation into one of the world’s leading diamond centres. Around 200 representatives of the world’s leading diamantaires are due to attend the Sight at the De Beers offices in Gaborone this week. A new US$35 million state-of-the-art facility has been created to welcome the Sightholders. Batswana are at the…
Saturday 9th November 2013 saw the Botswana Public Officers Medical Aid Scheme (BPOMAS) commemorate World Diabetes Day with the Diabetes Association of Botswana. BPOMAS showed their support for the cause through the donation of P 30 000 – the prize money earned by Challenge participants in Gaborone at the North VS. South Health Challenge and Expo held on October 5th 2013. The event was held at Game City, Gaborone. “Diabetes is without a doubt on the rise in Botswana, particularly amongst the youth. We felt this would be the most fitting beneficiary for the prize money from this year’s North…
Lucara Diamond Corp. says quarterly proceeds of $50.9 million at an average sales price of $625 per carat and operating expenses of $110 per carat. The company added that its strong cash flow generation has resulted in the company fully repaying its $50 million debenture during the fourth quarter. Third quarter 2013 highlights Safety: There were no Lost Time Injury (LTI’s) and no reportable environmental incidents at Karowe during the quarter. Karowe’s year to date Lost Time Injuries Frequency Rate (“LTIFR”) is 0.25. LTIFR is defined as the total number of work hours lost per 200,000 work hours. Cash flows…
Intellegere Media presents The BlackBerry Jam Session – Botswana Hackathon, which is set to take place at Limkokwing University of Creative Technology on Saturday 30th November. A Hackathon is an event where developers attempt to produce working applications (apps) in a short amount of time. The Botswana Hackathon will open at 8:00am with registration and close at 7:00pm when the eventual winners will be selected. “The Botswana Hackathon is part of Intellegere Media’s continuing plan to grow the local Developer industry. The past several months have seen us travel across Botswana hosting Project 120 seminars. What we were presenting as…
Continental Coal Limited, the South African thermal coal production, development and exploration company, has appointed a Special Board Committee to review various funding proposals received to refinance and/or restructure the Company’s Convertible Debentures, maturing from November 2013 to February 2014. The company said the Special Committee consists of independent Non-Executive Directors, Ron Chamberlain (Chairman of the Special Committee), Mike Kilbride and Johan Bloemsma. The Board of Continental has mandated the Special Committee to review the various funding proposals received and, together with management, lead the process to select the appropriate funding mechanism and transaction structure in order to maximise shareholder…
The Diamond Empowerment Fund (D.E.F.) says following successful Diamonds in the Sky Gala events in London and Hong Kong, it will be starting off the 2014 JCK weekend with their third Diamonds In The Sky Gala in Las Vegas, Nevada. The glamour filled evening will include networking, a live auction, chart topping music and featuring a special performance. The black tie optional affair will take place in the Four Seasons Ballroom, adjacent to Mandalay Bay on Thursday, May 29, 2014 beginning at 7pm. Presentation of the Diamond Empowerment Fund 2014 Global Diamond Industry Achievement Award will be made to President…
Paragon Diamonds says its wholly-owned Botswana subsidiary, Kopje (Pty) Ltd, has been issued with the Prospecting Licence 203/2013 for precious stones which covers an area of 442 km2 in the Kgalagadi District, southern Botswana, centred 20 km north of the town of Tsabong. The licence was issued with effect from 1 October 2013 with the full title document received on 31 October 2013, and is valid until 30 September 2016. It can be renewed twice for further periods two years provided 50% of the area is relinquished at each renewal, giving a total validity of seven years. The Licence area is on the…
The Botswana Innovation Hub is launching First Steps Venture Centre (FSVC), a technology entrepreneurship development programme for identifying, developing and nurturing viable technology oriented start-up businesses with a potential to grow into international markets. The launch is slated for Friday the 08th of November at Riverwalk’s New Capitol Cinema. FSVC occupies a niche in the Botswana Innovation Hub sector areas. The services offered by the technology entrepreneurship development programme are targeted to individuals or start-up companies with workable business ideas that have the potential to create jobs, revitalize their communities, commercialize new technologies, and strengthen/diversify the local and national economy.…