Strata-X Energy Ltd. said it has signed a Non-Disclosure Agreement (NDA) with the Botswana Development Corporation (BDC) to develop a multi-staged USD$10 million financing strategy for the 100% Strata-X owned, Serowe CBM Project in the Republic of Botswana. Strata-X and BDC are committed to bring the domestically sourced, Serowe CBM Project’s clean natural gas to help stimulate the Botswana economy. BDC is the principal agency for commercial and industrial development within Botswana. It is a government sponsored agency administered by an independent board of directors, with the primary charter to advance the country’s economy through financial support of nationally important…
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Lucara Diamond Corp. has announced the recovery of a 123 carat gem quality top white Type II diamond from its 100% owned Karowe Diamond Mine. The 123 carat diamond was recovered from direct milling ore sourced from the EM/PK(S) unit of the South Lobe. The EM/PK(S) has also delivered several other high value diamonds including the 1,109 carat Lesedi La Rona, the 813 carat Constellation and the recently recovered 1,758 carat Sewelô, and is an important economic driver for the underground feasibility study which is currently underway and scheduled for completion in Q4 later this year. A 375 carat gem quality…
Minergy Limited said Jean-Pierre van Staden has been appointed as the new Chief Financial Officer for the company effective January 2, 2020. van Staden is a Chartered Accountant (SA) who has been an Audit Partner at PricewaterhouseCoopers in South Africa since 2004. He has extensive auditing experience, having worked with listed multinational companies operating across a variety of industries in Africa and internationally. Importantly he has extensive experience working with and providing services to junior and major mining and construction companies, industrial products companies, and private equity investment entities. Awidespread candidate generation and selection process was undertaken to ensure that…
Junior miner Minergy Limited said it will this month record its first commercial sales, while the ramp-up of its operations is on-track at the Botswana-based Masama Coal Project. In a project and corporate update to the market, the BSE listed company said it will deliver coal to a client in the near future. “The company is completing the process to sign its first long-term contract, to deliver 120,000 tons of coal per annum to one regional industrial customer, which represents approximately 10% of estimated annual saleable coal,” Minergy revealed. “Discussions are underway with a number of other interested regional industrial…
Diamond markets were quiet in August, with dealers taking their summer vacations amid uncertainty about the important Hong Kong Jewellery & Gem Fair. Demand from China slowed due to an escalation of the US-China trade war, protests in Hong Kong, and the depreciation of the yuan. Diamond prices continued to soften, with the RapNet Diamond Index (RAPI™) for 1 carat down 0.4% during the month. Expectations are low for the Hong Kong fair, which begins on September 16. Suppliers are anticipating weak buyer attendance as demonstrations continue to affect commerce in the city. Jewelry retail sales in Hong Kong have…
Botswana Diamonds (BOD) has put smiles on its shareholders faces with the announcement that pioneering geophysical work has identified what is believed to be kimberlite pipes buried at shallow depth on the company’s Thorny River ground. According to the AIM and BSE listed diamond explorer the targets identified “are very similar to the pipe that constituted the high-grade and famous De Beers Marsfontein mine, in so much as the pipe had little surface indication due to dolerite rock cover but grew and swelled below the dolerite”. Much of the Thorny River area geology comprises a dolerite dyke swarm. Conventional geophysical…
MOD Resources Ltd and its 100% owned Botswana subsidiary Tshukudu Metals Botswana Pty Limited (Tshukudu) have provided an update on the progress made in the permitting process for the proposed T3 Copper Mine. The Department of Environmental Affairs (DEA) has now finalised its assessment of the Environmental and Social Impact Assessment (ESIA) for the proposed T3 open pit mine, concluding that “it has adequately identified and assessed anticipated impacts associated with the proposed activity” and will formally release the ESIA for public review. The public review comprises four-week period when comments from parties who may be impacted by the proposed…
Tlou Energy had revealed that the Lesedi gas production pods are performing strongly. According to the company, as planned, water rates in both pods have continued to decline, with both Lesedi 3 and 4 production pods having successfully commenced flowing sustained rates of gas. The ASX, AIM and BSE listed junior miner said sustained gas flow rates have been achieved at both the Lesedi 3 and Lesedi 4 production pods. In an update to shareholders, the coal bed methane (CBM) explorer added that Lesedi 3 and 4 have each achieved an initial sustained gas flow of approximately 20 thousand cubic feet…
Botswana Diamonds (BOD), the AIM and BSE listed diamond explorer said Prospecting Licences PL232 and PL235, held by its wholly-owned subsidiary Sunland Minerals (Pty) Limited, have been renewed for an additional two years to 30 September 2021. These key licences, covering just over 500sq kms, are strategically located in the central Kalahari Desert west of the Ghaghoo diamond mine. Botswana Diamonds has already identified prospective drill ready targets. The intensive work included aeromagnetic surveys, ground magnetic surveys, soil sampling and target selection. “Analyses of concentrations of Kimberlitic Indicator Minerals (KIM’s) on the licences indicate proximity to kimberlite pipes, which regional…
Debswana said Friday its recently appointed managing director, Albert Milton died from a short illness in South Africa. A statement by De Beers, a 50/50 joint partner in Debswana with government of Botswana, said: “Albert became unwell in Johannesburg on Thursday evening. He was admitted to hospital but died early this (Friday) morning”. “We extend our deepest condolences to Albert’s family, relatives and friends. Our thoughts are with them at this most difficult time,” it added. Milton was appointed Managing Director of Debswana and to the De Beers Group Executive Committee in December 2018. He joined Debswana in 1992 and…