Continental Coal Limited, the South African thermal coal production, development and exploration company, has provided an update on its Vlakvarkfontein Coal Mine where for full year is set to achieve its 3rd consecutive record year of thermal coal production, domestic coal sales and earnings. The Vlakvarkfontein Coal Mine is a conventional open cast contract mining operation located approx. 90km east of Johannesburg. The mine is operated under a joint venture, Ntshovelo Mining Resources, with the company’s principal South African subsidiary, Continental Coal Limited South Africa (“CCL”) holding a 60% economic interest and having operating and management control. Conventional open cast…
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Discovery Metals, the owners of Boseto Copper Project in Botswana says it registered a record metal production of 1,952 tonnes of contained copper and 81,380 oz of contained silver during the month of June while copper production also increased by 14 %. The company which is subject to a takeover noted that mining production (waste plus ore) for June 2013 was 2.98 Mt. “At the end of June blasted stocks (Ore + Waste) of 2.14 million tonnes were available for mining in the two open pits,” it said. It added that mining during June continued in both the Zeta and…
In exciting news for the recognition of the responsible ecotourism industry in Botswana and the Okavango Delta, Wilderness Safaris’ Mombo Camp (including Little Mombo) is ranked No. 1 on the Travel + Leisure 2013 World’s Best Awards list of Top 100 Hotels. While Mombo and Little Mombo have been recognised frequently on the Africa and Botswana categories of Travel + Leisure World’s Best lists since 2006, this is the first year that they have featured at the very top of this prestigious record. “Our emphasis in terms of luxury and service excellence is really on sharing and appreciating the amazing…
The Judges Breakfast, held on 28th June at Lansmore Masa Square, is an opportunity for the judges to meet with all the stakeholders in this initiative, from the catalysts to the media. The judging criteria will also be showcased at the event and the judges will also give us a hint of what the ‘special ingredient’ that makes a catalyst. St Louis Export’s initiative Top 40 Under 40 has seen the showcasing of Botswana’s own young heroes making a difference in the lives of their fellow Batswana, whilst at the same time proudly flying the Botswana flag high. The 40…
The MMC Norilsk Nickel’s Steering Committee has approved Tati Nickel’s action plan and its implementation is aimed at improving the performance at current price levels. It has been revealed that to this end, as per the approved plan the company shall maintain concentrate production levels till 2016 by increasing ore output in the situation of low nickel grades. The new plan also stipulates that Tati Nickel must reduce the cost of all operations, including those carried out by contractors by 10% and improve sales and logistics conditions. “Tati Nickel management has already started the implementation of the action plan. Preliminary…
The critical need for alternatives to the current electricity shortage problem has prompted companies like Samsung Electronics Africa to develop products, under their Built For Africa umbrella, that capitalise on the sun’s energy. “The number of sunny days per annum is high for the African continent. With approximately 2 500 hours of sunshine per year, and an average solar-radiation level ranging between 4.5 and 6.5 kWh/m2 in one day, this places the continent in a very favourable position,” says Thierry Boulanger, IT Solutions and Business to Business Lead at Samsung Electronics Africa. “The annual 24-hour global solar radiation average is…
Standard Chartered has committed to financing more than US$2 billion in energy projects under the Power Africa Initiative, a five-year partnership between the United States, six African governments and the private sector. The partnership represents a coordinated cross-border effort to build the regulatory, economic and policy foundation in order to double access to power in Sub-Saharan Africa. The governments of Ghana, Tanzania, Kenya, Nigeria, Ethiopia and Liberia and a group of private-sector firms are taking part in the initiative to improve access to clean, reliable power in Africa. Power Africa will add more than 10,000 megawatts of cleaner, more efficient…
Discovery Metals says it continues its discussions with suitors over a possible change of control and revealed that the company financiers have given the Australian mining outfit further backing. The company, which operates the Boseto Copper project in Botswana, said last month it has commenced the calling of bids from interested parties including its major shareholders Cathay Fortune Corp (CFC). “Further to Discovery Metals Limited’s announcement of 11 June 2013, the company wishes to inform shareholders that Discovery Metals continues to be in discussions with interested parties in relation to a potential transaction,” Discovery Metals said in an update to shareholders. At…
ZCI Limited, the owners of African Copper mine in Botswana, has registered improvements in performance over the financial year and generated an operating profit from its mining operations, while significantly reducing its overall net loss. Bermudian registered public company added that the improvement was as a result of a significant increase in the production of tonnes of copper in concentrate, mainly due to improved recovery rates achieved as greater plant throughput as the plant became more stable –we processed 801,901 tonnes of ore in 2013 compared to 738,921 tonnes in 2012 –a 9% increase. The all the ore processed during…
The SADC Insurance Forum Trust (SIF), an international non-governmental organisation and business association for insurance practitioners and associates will hold its inaugural workshop themed “Insurance and its role in Mining and the Environment” at the Lansmore Hotel in Gaborone, Botswana on the 3rd – 5th July 2013. The premise of the conference is to showcase SIF’s existence and how to deal with mining risk in the region. The workshop will cover insurance and its role at various stages of mining operations from exploration, mine design and development, production and so forth. It will also provide participants with new techniques in…