African Energy, the Botswana Stock Exchange (BSE) listed company has told its shareholders that it has completed the acquisition of Mmamantswe Coal project in Botswana from Aviva Corporation Ltd. Aviva said last week that following receipt of Ministerial approval in Botswana, its wholly-owned subsidiary Mmamantswe Coal Pty Ltd, is now the registered holder of 100% of the Prospecting Licence under which the Mmamantswe is operated. The only stumbling block was Aviva shareholder approval which was obtained at a shareholder meeting on 9 July 2013. “Aviva Corporation Ltd (ASX: AVA, “Aviva”) has informed African Energy Resources Ltd (“African Energy”) that its…
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Electricity challenges and delays in delivering power stations seem not to be the problem only in Botswana and Botswana Power Corporation will be relieved to know that its counterpart in South Africa, Eskom is also been let down by contractors to deliver its own mega projects on time. Eskom, which has over the years been supplying electricity to BPC, has revealed that Medupi, the MW coal-fired power station near Lephalale in Limpopo province will not be delivered on time. The South Africa’s state owned power utility says the build programme, which includes Medupi, has faced challenges since inception, but significant…
The anomaly in Africa is that the searing temperatures make it imperative to have adequate cooling in place, but the inadequate power supply grid makes it extremely difficult to achieve this. Out of the 53 recognised countries on the African continent, 47% are currently facing an energy crisis. The challenge therefore is to capitalise on what energy is available by developing products that reduce dependence on the available power supply. Then add to the equation the fact that increasing pressure is brought to bear on the Earth’s inhabitants to reduce energy consumption in the hopes of balancing the currently skewed…
Tlou Energy Limited says the Selemo 1P well has been completed and the rig released from location and demobilised, having now successfully completed all the top-hole drilling operations for both the Selemo and Lesedi Pilot wells. Selemo 1P, the last well in the top-hole program and the vertical intercept pumping well in the Selemo Pilot Pod, was drilled to a total depth of 560 metres having run and cemented the 219 millimetre (8-5/8 inch) intermediate casing string to 465 metres. Following wireline logging operations, the main target coal seam (Morupule Main Seam) was under-reamed with a 406 millimetre (16 inch)…
Tati Nickel Nickel Mining Company (TNMC) has a well coordinated CSR programme which started in 2007 with a view to “promote a healthy, well educated and skilled community with enhanced employment and business opportunities.” In the first three years of the CSR program, the main strategy was to empower communities located within a radius of 70 kilometers from the mine, while the two main areas were social investment (education, health and community development) and business development (commercial, industrial and agricultural). The program has now extended to cover the whole country, but of course still considering the neighboring villages to be the…
Continental Coal Limited, the South African thermal coal production, development and exploration company, has revealed its intention to seek an admission of its shares on the Main Board of the securities exchange of the JSE Limited, Africa’s premier exchange and ranked 20th in the world by market capitalisation by the World Federation of Exchanges. In an update, the company said Investec Bank Limited has been appointed as sponsor and financial advisor for the Proposed Listing. Investec Bank plc is the company’s broker on the AIM Market of the London Stock Exchange. Investec is an international specialist bank and asset manager…
The Ministry of Environment, Wildlife and Tourism in conjunction with Ministry of Health will launch the Situational Analysis and Needs Assessments Report. The launch will take place on the 10th July 2013 at Pavilion, Fairgrounds Holdings at 1800 hours. The guests will include the Minister of Environment, Wildlife and Tourism, Tshekedi Khama, Minister of Health, Dr. Rev. John Seakgosing as well as other ministers from the African region. The report is a follow up to African ministers of health and ministers of environment commitment, through the Libreville Declaration in August 2008, to establish a strategic alliance between health and environment…
The SADC Insurance Forum Trust, the body representing insurance companies in the region has urged non-members to join the club as there are more benefits to be accrued for being in the membership. Albert Nduna, Chairman of the organisation that was established in Zimbabwe, noted that the benefits of membership are immense and will improve as the numbers enlarges. “SIF can only function effectively if it has a strong membership base,” Nduna said. “So far SIF has members drawn all the SADC countries but the numbers are still small, and we are appealing to those that have not joined to…
The days of a ‘fridge being just a fridge’ are gone forever. Today, Samsung technology is ushering in a new era in the kitchen by transforming an ‘appliance’ into a beautiful fixture designed to complement the demands of a modern lifestyle. To be introduced to markets such as Botswana, Namibia, Mozambique and Namibia at the end of June 2013, the Samsung Duracool Smart fridge is the first in a new generation of fridges. It is designed to meet the challenges of domestic life and offers a fridge that harnesses digital technology for increased energy efficient operation and has more interior…
Aviva Corporation Ltd says that following receipt of Ministerial approval in Botswana, its wholly-owned subsidiary Mmamantswe Coal Pty Ltd, is now the registered holder of 100% of the Prospecting Licence under which the Mmamantswe Coal Project is operated. Aviva announced on 29 April 2013 that it had entered into a conditional agreement with African Energy Resources Limited to sell the project forA$3.5 million and subsequently entered into binding sale documentation in late May 2013. By acquiring 100% of the licence, Aviva has now satisfied one of the two outstanding conditions precedent to the sale of the Project. The only condition…