Hodges Resources Ltd says it has secured up to $1 million in funds to progress the development studies at its 75%-owned Morupule South Coal Project in Botswana, which currently yields over 2 billion tonnes of thermal coal resource. In an update to shareholders, the company revealed the funding arrangement consists of a $1 million Standby Subscription Agreement (the Facility) from Gurney Capital Nominees Pty Ltd, a Melbourne based investment company. Under the Facility the Investor agrees to subscribe for Shares if requested by the company subject to the terms and conditions of this Facility. “The company need not use the…
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Gem Diamonds Limited, the LSE quoted company has recovered a rare 12.47 carat blue diamond and an 83.8 carat, exceptional quality, white diamond from the Letšeng mine in Lesotho in September 2013. Both of these diamonds are expected to fetch good prices at Letšeng’s tenders held in Antwerp, Belgium. Gem Diamonds CEO, Clifford Elphick said Letšeng continues to recover large, white, largely undamaged diamonds on a relatively consistent basis as well as the occasional rare blue or pink diamond. “As mining focuses on the higher value and higher grade Satellite pipe during the latter part of this year, it is…
MMC Norilsk Nickel, the largest global nickel and palladium producer, says its board has approved its key production and financial targets for 2014-2018, which have been developed on the basis of its new strategy. The Russian company said the production and investment targets are based on the development of the its brownfield and higher-margin greenfield upstream projects, with a focus on the “Tier I” assets of Norilsk Nickel’s Polar division, and the completion of the roll-out of the Company’s new investment governance system in 2014. Norilsk’s board also approved new dividend policy, which the Company believes will provide NN with…
The war between Botswana government and Survival International took a new twist following Survival’s move to try and influence international tour operators to boycott the country’s tourism in what it termed “disgraceful treatment of the last hunting Bushmen in Africa”. The human rights campaigner said the ‘drastic measure’ is a result of ongoing persecution of Basarwa, the country’s first inhabitants. Survival has written letters to a number of tour operators in Africa, Europe, Asia and the USA and said it will be launching a new advertising campaign in travel magazines around the world in a move that will anger Botswana…
Sub-Saharan Africa’s oil and gas map will need to be redrawn over the coming decade as the region’s current heavyweight crude producer nations, Nigeria and Angola, are being joined by a lengthening list of African nations where crude and gas fields have recently been discovered and are on the brink of production. Uganda, Kenya, Ghana and Nigeria are among those that could see new fields producing over 100,000 bpd of oil by the end of the decade. However, it is world-class gas finds over the past three years off the northern coast of Mozambique and South Africa that are garnering…
This Tuesday, 24th September 2013, saw local short term insurance provider, BIHL Sure!, hold a graduation ceremony for members of its Legal Guard team, graduates of the business’ Certificate of Proficiency (COP) Alternate Certificate Course. Held at Boipuso Hall, the ceremony saw certificates awarded to 20 members of the sales agency force by BIHL Sure! CEO Mr. John Haenen, in what proved to be another testament to the rewards of investing in the growth and development of staff skills. Said Mr. Haenen commented, “It is indeed a fruitful gathering as we have come to yet again acknowledge and celebrate the…
TNMC says it has achieved another milestone in its efforts to implement its ABC Strategy targeting optimised performance as a shipment of 1,300 tons of nickel matte produced by BCL from TNMC concentrate for Norilsk Nickel Harjavalta refinery in Finland. This pilot batch will be followed by a more substantial shipments of matte scheduled for dispatch late in 4Q this year. The pilot shipment of matte to overseas facilities of Norilsk Nickel for treatment is closely related to the objectives set by TNMC management within the framework of its ABC Strategy. “The Strategy envisages, inter alia, establishing direct relationships with…
Lucara Diamond Corp. says it has recovered a 257 carat diamond from its Karowe Mine in Botswana to make it 47 diamonds recoveries this year that were larger than 50 carats. Of these, 14 were larger than 100 carats. This new 257 carat, beautiful and clear diamond, will be sold on tender in the fourth quarter of 2013. Mining over the past 6 months has been focused on the Centre and South lobes of the AK6 kimberlite. William Lamb, President and CEO, commented said Karowe mine continues to outperform with the consistent recovery of large, high value diamonds. “The recovery…
The fourth chapter of the Tati Nickel MD’s Charity Sponsored Walk was held on 14 September 2013 in Francistown. The annual event brought droves of people from the Francistown community, communities in the vicinity of the Mine, Private sector, Government agencies, Parastatals, Non-Governmental Organisations, Tati Nickel employees and fitness activists from all over Botswana graced the occasion. According to Norilsk Nickel, the parent company to Tati Nickel, the Charity Walk was started in 2010 with the main objectives being to raise money that can be used to help the needy and also assist communities to implement their projects/ideas through their…
Having previous tackled such matters of social conversation as “Leadership: the special ingredients of a leader”, “Pioneers” and “Paving the way for the next 40,” the upcoming instalment of the intellectual series is set to be its most bold. As part of its Top 40 Under 40 campaign, St Louis Export is billed to up the ante on Thursday 26th September 2013 with its most hot button topic to date: ‘Gender in leadership.’ Aimed at tackling the great divide on men making it in a female dominated space versus those women rocking it in typically male-dominated industries, the latest theme…