Standard Bank has been ranked 98 on the Global 100 Most Sustainable Corporations in the World list and is the only African company on the list. It is also one of only nine banks listed. Its official ranking was announced at the World Economic Forum in Davos, Switzerland. The Global 100 are selected after rigorous independent assessment of 4 000 global mid, large, and mega cap companies in all industry sectors that, as at 1 October 2012, had a market capitalisation in excess of US$ 2 billion. On the 2013 list, the top five most sustainable companies are Umicore, a…
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A-Cap Resources Limited has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Project owned by African Energy Resources and located immediately north of the Letlhakane Project in Botswana. The thermal coal horizons within A-Cap’s Bolau tenements are interpreted to be the up and down dip extension of the adjacent Sese Coal Project which contains over 2.5 billion tonnes of thermal coal. Initial drilling by Acap has discovered coal in seams of comparable thickness and quality to the Sese coal deposit. A-Cap now has another major coal project next to its Letlhakane…
At the Botswana Diamonds plc (“Botswana Diamonds”) Annual General Meeting, held at Hilton Hotel, London Paddington 146 Praed Street, London W2 IEE at 1pm on Thursday, John Teeling, Executive Chairman of Botswana Diamonds explains that in the past year the company has made significant progress, both in the development of our prospective asset portfolio and in terms of taking big steps to becoming a stronger company. “Our cooperation with a major international diamond producer reached an exciting stage when the producer’s applied analysis resulted in the identification of new exploration targets in the north east of Botswana. The successful deployment…
ADSOFTWARE has received commendations from the CIC International Club jury for best export practices and has been awarded second prize in the CIC export challenge 2012, which took place in Lyon on the 4th and 5th of December. The French business challenge “Exportez Vous”, organized annually for 3 years by the CIC International Club and Class Export, is enjoying great success. This year, the contest was devoted to encouraging best export practices, and received 114 online applications from French exporters. 63 of the most dynamic applicants were selected to participate and present their export projects before a jury on the…
IAMGOLD Corporation has announced a mineral resource update for its Côté Gold project in northern Ontario along with the company’s production results for 2012 and guidance for 2013. The company says the vast majority of the Côté Gold mineral resources are now classified as Indicated and the updated resource estimate represents a 114% increase in Indicated Resources from the previous estimate. It also realised at strong fourth quarter 2012 gold production of 214,000 attributable ounces brings total year attributable gold production to 830,000 ounces; IAMGOLD says the expectation is that average total cash costs (including royalties) per ounce for 2012…
The World Travel & Tourism Council (WTTC) has unveiled the twelve finalists for its 2013 Tourism for Tomorrow Awards. The Awards are one of the highest accolades in the global Travel & Tourism industry, recognising sustainable tourism best practices in businesses and destinations worldwide. Award applications were received this year from 46 countries, representing all continents. Finalists in four categories were selected, ranging from entire countries, to global hotel groups, international airlines, luxury tour operators and small eco-lodges. The Finalists of the 2013 Tourism for Tomorrow Awards are: Global Tourism Business nominees, who represent international companies with at least 500 employees,…
Nimrodel Resources, the Perth based coal and base metals explorer, has released infill drilling results that confirm the quality of its thermal coal at its 6.9 billion tonne deposit in south western Botswana. The results within the Target Mining Area at Takatokwane, located 195km north west of the capital, Gaborone, showed high energy, low ash and low sulphur making the product ideal for export to South Africa in the short-term amongst the best in Botswana. The Infill drilling results within Takatokwane Target Mining Area also confirm premium thermal coal within seams 2L, 3 and 4 with washed calorific value range…
Aviva Corporation Ltd says its major shareholder Sentient Executive GP IV Limited (Sentient) has provided the company with a conversion notice to convert their convertible notes into ordinary shares in Aviva. Under the terms of the convertible note agreement between Aviva and Sentient, 7.5 million convertible notes at a face value of 10 cents per note were issued to Sentient. The convertible note agreement further made provision that Sentient can convert their convertible notes and capitalised interest at 10 cents per share. Aviva entered into the convertible note agreement with Sentient on 21 June 2012 when it was negotiating the…
Shumba Coal, the coal exploration company focused in Botswana has closed its private placement and it is preparing to join other resources company listed on the Botswana Stock Exchange. Its sponsoring brokers Imara Capital Securities says the Private Placement, at a subscription price of P1.00/share for a minimum of 1,000 shares, was to close on January 17th2013 followed by a listing on the BSE in mid-February. Following initial discussions with the BSE, a listing application is being processed for final submission to the BSE. Shumba Coal is a majority Batswana owned and managed company with a portfolio of coal exploration assets…
Samsung Electronics Co. Ltd., a global leader in digital media and digital convergence technologies, has announced the winners of its Africa Cup of Nations retail promotion. The lucky consumers, along with their respective partners will be treated to a VIP Package Experience for the Orange Africa Cup of Nations (AFCON) SOUTH AFRICA 2013. “As an official sponsor of the competition since 2008, Samsung has been engaging fans in and around the stadiums to further the excitement surrounding the tournament and this promotion is just another way we are bringing the passion and excitement of African football to our customers,” said…