Paragon Diamonds Limited, the African-focused diamond development company says it has exported a parcel of diamonds (211.22 carats) from its on-going evaluation programme on the Lemphane Kimberlite, with the appropriate Kimberley Protocol certificate and governmental approval, to the company’s consignee in Antwerp. The company is awaiting a valuation of the parcel of 211.22 carats, together with a valuation on the previous parcel of 90.22 carats exported in September 2012. The total number of carats produced and exported from the Lemphane Kimberlite to date, is 301.44 carats (the “301 Carat Parcel”). The most recent parcel includes the 8.86 carat stone recovered…
Author: Editor
Botswana Insurance Company (BIC) says it has made an interim payment of P160, 000 to Khama Rhino Sanctuary Trust following the fire that destroyed the sanctuary’s iconic restaurant building some time back. According to the insurance company, the interim payment is to enable the restaurant to get back into business as soon as possible. Already, a temporary facility is being erected to allow local and foreign visitors to the renowned nature reserve to enjoy the same facilities as before. “This payment is only the first part of a much larger payment to be made to the sanctuary for the rebuilding…
Okavango Diamond Company (ODC) has successfully concluded its pilot sale of approximately 123,000 carats of Debswana diamond production. The objective of the pilot sale was to test the core systems and processes that have been developed for auctioning rough diamonds in Gaborone, ahead of a full launch of commercial sales operations in September. ODC said around 50 local and international companies visited the state owned company’s new purpose built facility in Gaborone’s Diamond Technology Park between 26th June and 5th July to inspect the diamond lots before taking part in the online auction sale. All diamond lots offered at the…
This Thursday St Louis Export Top 40 Under 40 hosted their inaugural Crystal Chats at Lansmore Masa Square. St Louis Export’s Top 40 Under 40 has brought together different individuals under the age of 40 who have a shown a commitment to positive change in their environments in order to better Botswana as a whole. This is a forum for discussion on topics that affect the nominees as well as young Batswana at large.It is an opportunity for the mingling of ideas and sharing of views on topics ranging from Leadership to Brands and Personal Branding. The Crystal Chats will…
Standard Bank, parent of Stanbic Bank Botswana, has been named Best Investment Bank in Africa, as well as the Best Bank in South Africa, by prestigious international finance magazine Euromoney. The awards were presented last night at the 2013 Euromoney Awards for Excellence function in London. Standard Bank also received awards for Best Equity House and Best Risk Manager in Africa. Regarded as the benchmark awards for financial services globally, the Euromoney Awards for Excellence are now in their 23rd year. This year’s awards process began in April, attracting over 600 submissions from the world’s banks and brokerage houses. Euromoney’s…
The Minister of Environment, Wildlife and Tourism Tshekedi Khama has revealed that Botswana is aware of the link between environment and health which is why the country became signatory to the Libreville Declaration in August 2008. The declaration wanted to see a commitment made by Environment and Health Ministers to establish a strategic alliance. “….the interaction between human health and the environment has been extensively documented and environmental risks have been proven to significantly impact human health, either directly by exposing people to harmful agents, or indirectly, by disrupting life-sustaining ecosystems,” Khama said at the official launch of Situational Analysis…
The De Beers Group of Companies says it will begin providing customers of its rough diamond auctions with an opportunity to determine the volume of goods they wish to purchase, over a given period, through the introduction of forward contract sales. Approximately 10 per cent of De Beers’ rough diamonds are sold through its auction platform. De Beers will continue to hold spot auction events that provide customers with additional flexibility to purchase the type and quantity of the goods they need. The introduction of forward contract sales will enable customers to engage in forward planning, and help them meet…
Are you a budding innovative entrepreneur who is 21 years and above? Do you have a start-up ICT business that has existed for less than three years? Speak to Orange! The Orange Africa Social Venture Prize is on again and it is rewarding three entrepreneurs or start-ups offering products or services that make innovative use of ICTs to meet the needs of people in Botswana in fields as varied as healthcare, agriculture, education, energy, industry and trade. Following the success of the first two programmes, run in 2011 and 2012, Orange has launched the third Orange African Social Venture Prize.…
Debswana says it has taken a decision to temporarily shut down the Orapa No.1 Plant for up to three (3) months to allow for maintenance to take place. A statement released by Kesego Okie, Public and Corporate Affairs Manager–Debswana Orapa, Letlhakane and Damtshaa Mines revealed that however the plant employees will continue reporting for duty. “This follows a recent review of the plant’s general and structural condition which identified that there is a need to embark on more intensive maintenance of the plant. The areas that need attention are broadly the Screening building, Tertiary Crushing building and the Dense Medium…
IAMGOLD Corporation says there has been a death of an employee of a local contractor on the morning of Monday, July 8, 2013, at the company’s Rosebel Gold Mines N.V. (Rosebel) in Suriname. The accident occurred while clearing trees for the Rosebel tailings pond expansion project. “No one else was injured during the accident. The Company and the contractor have notified the individual’s family. The Rosebel mine is offering assistance and support to the individual’s family and colleagues and the entire Rosebel workforce,” said the company. IAMGOLD said the Rosebel emergency response team was immediately activated after the incident and…