Gem Diamonds Limited has announced its half year results for the six months ending 30 June 2013 which showed revenues were lower than corresponding period blamed on difficult period especially for its Lesotho operations. According to the company’s financial results, revenues of US$ 96.5 million were realised as opposed to US$ 122.6 million reported in the first half 2012. The underlying EBITDA of US$ 33.2 million was reported compared to US$ 46.0 million in H1 2012 and attributable net profit of US$ 8.6 million was realized, which was lower on US$ 14.3 million recorded in the prior year. Gem Diamonds…
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Discovery Metals has released the July operational update for its flagship Boseto Copper project in the north-western of Botswana. According to the company, metal production of 1,915 tonnes of contained copper and 87,749 oz of contained silver was registered during the period. The silver production improved by 8% over the June performance and there was an overall copper recovery of 80% and silver recovery of 84% with the Zeta sulphide ore recovering 91% copper and 86% silver. Mining Discovery Metals said mining during July continued in both the Zeta and Plutus Open Pits with mining production (ore plus waste) for…
MMC Norilsk Nickel (hereinafter, Norilsk Nickel or the company), the largest global nickel and palladium producer, has announced the cancellation of 13,911,346 ordinary shares representing 8.08% of the company’s share capital. “On June 6, 2013 the Annual General Shareholders’ Meeting of Norilsk Nickel approved an amendment to the Company’s Charter to reduce its share capital by cancellation of 13,911,346 shares,” the Russian company said. “This amendment was registered by the Federal Tax Service of Russia on August 8, 2012 and the cancellation of a respective amount of shares was reflected in the Company’s share register on August 13, 2013.” As…
The Minister of Environment, Wildlife and Tourism, Tshekedi Khama has praised the organisers of TOURISM EXPO BOTSWANA for coming up with such an idea as it put the country in the map as a host of trade and consumer expos. South Africa, which is the largest tourism destination in the region, is known for its Indaba, which is held annually in Durban, Kwazulu Natal region. “I am happy that finally Botswana as one of the premium destinations in the world has joined in the global trend of hosting trade and consumer expos that are designed to create and reinforce awareness,”…
BotswanaPost says it will on the 19th August 2013 implement new Postal Tariffs. The tariff increases include postal, money exchange and delivery services. The letter mail, private bag and Express Mail Services (EMS) will increase by 10% respectively. According to the organisation headed by Pele Moleta, the tariff reviews are necessary to mitigate the ‘operating costs that continue to rise’ and to meet the regional and international operating standards. “BotswanaPost has taken bold steps to diversify its products and services range to meet a diversified customer base and to increase its footprint to meet and serve customers wherever they live,”…
Botswana Power Corporation (BPC) says the idea behind prepaid third party vending is to make it easier for consumers to have access to electricity. The idea is also have make long queues at BPC centers shorter. “We wanted our customers to have ease of access,” said BPC Chief Executive Officer, Jacob Raleru. “We want the public to use the channels we have created”. BPC has 6 Super Vendors that were selected through a bidding process with most of them foreign owned as the technology is relatively new in the country. The appointed vendors include; BotswanaPost, which is 100 percent owned…
Samsung Electronics Africa has officially announced its expansion into the healthcare sector with the addition of Samsung Health & Medical Equipment. By expanding its presence in the medical equipment industry, Samsung aims to become a global healthcare leader by bringing together its expertise in electronics and IT technologies for an improved and more complete healthcare experience. “We bring a wealth of knowledge and experience to Samsung Health & Medical Equipment and we are committed to delivering a better and more complete healthcare experience to medical practitioners and patients,” said Thierry Boulanger, Director of IT and B2B Solutions at Samsung Electronics Africa.…
The Kalahari Conservation Society is positive about Botswana’s bid for the listing of the Okavango Delta as a World Heritage site. KCS has joined key stakeholders from across Botswana’s Government, private and civil society sectors to prepare for an assessment of the Okavango Delta for World Heritage listing next year. KCS Chief Executive Officer Felix Monggae outlined the significance of the Okavango Delta following a National World Heritage Committee Meeting on Okavango Nomination meeting in Gaborone recently. Monggae said The Okavango Delta is one of the world’s most pristine riparian systems and its significance extends beyond just Botswana. “This is…
In a continuing effort to support local schools, BIHL Sports and Social Club undertook a sponsored walk in order to raise money for the Tshwaragano Primary School library in Old Naledi. The walk took place on Saturday the 10th of August 2013, beginning from the Botswana Life offices in Kgale Mews, heading towards Block 8 circle, and then back. The walk further raised funds for the library supported by BIHL Trust. Said BIHL Trust administrator, Mr. Tiro Modimoosi, “Last year, we identified education as an area we want to see greater focus on for 2012 and 2013. To that end,…
Friday 9th August 2013 saw the exciting second instalment of the St Louis Export Top 40 Under 40 Crystal Chats held at Lansmore Masa Square. St Louis Export’s Top 40 Under 40 an initiative which has brought together different individuals under the age of 40. These are people who have a shown a commitment to positive change in their environments. The initiative has already seen its inaugural Crystal Chats forum inspire thought leadership discussions amongst attendees and the public as a whole. The second Crystal Chats evening proved to be equally well received. The latest instalment brought to life the…