A-Cap Resources Limited says it resolved to raise up to $3.25 million by a placement to fund the ongoing feasibility and development programme at the Company’s Letlhakane Uranium Project in Botswana and to further evaluate the Company’s coal projects. “The placement of up to 32,500,000 shares at an issue price of 10 cents each will be made to professional and sophisticated investors, including the Company’s largest shareholder, China Growth Minerals Limited / Ansheng Group which will increase its shareholding in the company to 19.99% through the placement,” said the company in an update. It also announced a Share…
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NOSA (Pty) Ltd recently held an Occupational Health & Safety (OHS) meeting with delegates from the Chinese province of Shandong. Following an introductory meeting in the Shandong Province in 2012, various government officials from the Province requested a follow-up meeting with NOSA to better understand how the company could assist in improving OHS conditions for organisations within their Province. The delegation from China was led by the Vice Governor of the Shandong Province Mr. Zhang Jian Guo. Accompanying him was Executive Vice President of Shandong’s Association for Friendship with Foreign Countries, Zhang Jigang; Director-General of Industry & Commerce Administration of…
Discovery Metals said ramp-up of production at its Boseto Copper project is continued although mining production was affected by shortage of blasted stocks due to rain. In an update to shareholders, the company revealed that the highest monthly copper production to date was recorded in February, with concentrate production of 3,834 t containing 1,529 t Cu and 63,024 oz Ag. The concentrator throughput was approximately 91% of design rate for the 23 days operated, it added. “Mining production (waste plus ore) for February 2013 was 2.4 Mt. This was slightly above January mining production. The main contributor to lower than…
African Copper Plc has drawn shareholders’ attention to the cautionary announcement released on RNS on 28 February 2012, and the subsequent related cautionary announcements, wherein shareholders were advised that the company’s majority shareholder ZCI Limited (ZCI) had initiated a process intended to unlock value from its investment in African Copper. Now in a new twist, the company said it will not proceed with the process of looking at the turmoil in the global economy. “Shareholders are advised that the board of ZCI (“the Board”) has elected to suspend the aforementioned process in light of the effect of adverse global market conditions on…
Hodges Resources Limited has announced a capital raising plan via a Share Purchase Plan (SPP) to raise up to $2,160,000. The money raised from the exercise will be used to fund further exploration, the prefeasibility studies at the Morupule South project in Botswana (including bulk sampling activities); to complete due diligence activities on the Knox projects in the USA and general working capital. The company proposes to raise the funds with a SPP that will allow all eligible shareholders to apply to purchase between $3,000 and $15,000 worth of Shares at 9 cents per Share. The offer price equates to…
Aviva Corporation Ltd said it has received a proposal whereby Ian Middlemas would join the board as the new Chairman of the company while Mark Pearce would join the board as a non-executive director, according to a new proposal. The company has since suspended the search for a new Chief Executive Officer whilst it considers the proposal. As part of the proposal, Aviva will issue 15 million ordinary fully paid shares at $0.11 per share to Arredo Pty Ltd (Arredo), a company associated with Ian Middlemas, to raise A$1.65 million (before costs), as well as issue Arredo with 10 million…
Gem Diamonds Limited said its full year results have been affected by the lower realised diamond prices in 2012. However, the company was able to demonstrate strong operational performance with record carat production and increased recovered grade at Letšeng as the company strives towards realising maximum value from its portfolio of assets. According to the results for period ending 31 December 2012, revenues were lower at US$202 million compared to US$306 million in 2011. Underlying EBITDA stands at US$66 million as opposed to US$167 million in the corresponding period. Gem Diamonds said 134 diamonds were sold or valued at…
The cruise industry needs to play its part in fighting visa bureaucracy and deterring more taxation, David Scowsill, CEO and President of the World Travel & Tourism Council said. Speaking at ‘Cruise Shipping Miami’ Conference (12th March 2013), Scowsill complimented the cruise sector for making a vital and rapidly growing contribution to the global Travel & Tourism industry but called on it to come together with other sectors of the Industry to speak with “One Voice” and ensure visa processing and taxes, which support growth, remain high on governments’ agendas. Scowsill explains: “Visa processes are needed which are transparent,…
Samsung Electronics South Africa will be sponsoring its first ever business-to-government (B2G) Smart Government conference, which will focus on strengthening relationships with the public sector, creating a platform for debate on key service delivery issues as well as create an opportunity to demonstrate and highlight how innovative technology solutions are designed and optimised to aid government in accelerating service delivery. “Samsung understands that meeting the development needs of the country requires a number of players working together as well as requires tailored solutions to optimise this team work. To this end, we are excited to be able to create this…
Mascom Wireless, Botswana’s leading mobile telecommunication company will again this year bring excitement to the tourism hub of Maun over the coming Easter holidays when it hosts its annual horse race. The popular race, commonly known as The Mascom National Derby, has been in existence since 2006 and held over the Easter holidays. In its maiden years, the race was held in Gaborone or Maun, until finally relocating to Botswana’s cosmopolitan tourism capital, Maun. On the 8th year of its existence, the event will be held at Shashe Racing Track on the 30th March. The race has 2 categories of…