Discovery Metals Limited has provided the Boseto operations update for August, which showed that the mine registered a record mill throughput of 225kt and metal production of 1,815 tonnes of contained copper and 78,891 oz of contained silver. The total ore tonnes processed of 225kt while total material movement of 2.8 Mt. The company said overall copper recovery of 75% and silver recovery of 86% with the Zeta sulphide ore recovering 87% copper and 89% silver. Mining According to DML, mining continued in both the Zeta and Plutus Open Pits in August. Mining production (ore plus waste) for August 2013…
Author: Editor
IAMGOLD Corporation says the Société d’Exploration des Mines d’Or de Yatela S.A, a joint venture between IAMGOLD (40%), AngloGold Ashanti (40%) and the government of Mali (20%), has decided to suspend mining excavation activities at the Yatela Mine in Mali effective September 30, 2013. This decision reflects a combination of factors, including miner safety in the pit, the drop in the spot price of gold and the reduction in profit margin. Although a process of gradual dismantling of the site is planned for September 30, 2013, processing of heap leach pads and ore already mined will continue until the end…
Continental Coal Limited the thermal coal production, development and exploration company says there has seen various operational improvements at its recently commissioned Penumbra Coal mine (Penumbra). The company revealed that production build-up at Penumbra is on target to achieve its design capacity of 63,000 tonnes run-of mine (ROM) per month by November 2013. ROM production for July and August 2013 increased to an average of 26,787 tonnes per month, a 35% improvement over the average monthly production of 19,895 tonnes per month achieved in Q2 2013. The commissioning of the permanent ventilation shaft in August 2013 was the last remaining…
Aviva Corporation Ltd says it has applied for the voluntary delisting of its securities from the Botswana Stock Exchange (BSE). BSE has confirmed that Aviva’s securities will be delisted from the BSE and therefore no longer be traded on the BSE after the close of trading on 27 September 2013. The company added that no change will occur to the quotation and trading of Aviva’s shares on the Australian Securities Exchange (ASX). Following the delisting from the BSE the Botswana Share Register will be closed. Aviva’s principal investment in Botswana was the establishment and development of the Mmamantswe Coal Project.…
Magnum Gas & Power Limited says it is successfully progressing its Botswana CBM exploration programme, having just completed coring operations on its CBM exploration borehole in the Central CBM project area in Botswana. The company says the results will provide significant data to support prospectivity and basin models, including information on gas properties such as gas content and composition. According to Magnum, it has completed coring operations on PL352/2008 Block 1 and coring of the pre-collared borehole commenced at the top of the Serowe Formation at 333m (below ground level), utilising a DWD Atlas Copco CS14 drill rig, and progressed…
Lansmore Masa Centre has collaborated with distributor Benju to launch yet another impressive first for Botswana: Absolut Gaborone at Lansmore. The rooftop bar is housed beside the hotel’s now infamous rooftop pool, overlooking Gaborone’s dazzling cityscape. Rupert Elliott, General Manager, Lansmore Masa Square said they were incredibly pleased to have been able to partner with Benju on such an exciting project. After a great deal of planning and preparation, the launch proved to be an incredible success and I’m pleased to say Absolut Gaborone at Lansmore is very much open for business. “Offering the full bouquet of Absolut Vodka flavours…
Tsodilo Resources Limited says First Quantum Minerals (FQM) has commenced a major airborne electro-magnetic survey in northwest Botswana. The survey will cover the metal licenses held by Tsodilo which form the project area of the strategic partnership between TSD and FQM announced on April 18, 2013. FQM has contracted Spectrem Air Ltd. (Spectrem), a wholly owned subsidiary of Anglo Operations Ltd. Management and Logistics and part of the Anglo American Group (AAG) to conduct the survey. AAG has invested about $20 million and 15 years of development effort into the SPECTRUM2000 fixed wing and ExplorHEM helicopter systems, in order to…
Africa’s residential property market offers potentially lucrative opportunities for investors with the capability and experience to develop and manage quality housing stock in the continent’s booming urban centres, says Stanbic Bank Botswana parent, Standard Bank. Rapid urbanisation in response to population growth and sustained economic expansion is boosting demand for residential rental stock in Africa, where home ownership remains elusive due to the dearth of long-term mortgage financing in parts of the continent, says Mr Gerhard Zeelie, Head of Real Estate Finance for Rest of Africa at Standard Bank. Mozambique’s economy will grow by 7.7% next year followed by Tanzania…
With an ever increasing dedication towards the development of the local Selebi Phikwe community and business community, Stanbic Bank Botswana has once more sponsored the annual Morula MTB Cycle Challenge. The Bank played a dual role in this year’s event, sponsoring the cycling event for P10,000.00 as well as manning a stall at the host school, Morula Primary School. The Morula MTB Challenge took place on Saturday 7th September 2013. The primary aim of the quality mountain bike race event is to serve as a philanthropic platform, with the funds raised at last year’s event sponsored by the Bank being…
With the Formula One season drawing to a close, St Louis Export has launched a promotion that will see four St Louis Export customers win all expenses paid trips to watch the Brazilian Grand Prix in Brazil on 24th November 2013. St Louis Export officially launched the promotion on the 06th of September at Masa Square. St Louis Export has, throughout the Formula One season, been partnering with select venues to screen various Grand Prix races taking place around the world. The crisp and refreshing taste of St Louis Export has set itself apart, much like Formula One, with its…