Debswana Diamond Company has alerted members of the public of a fraudulent syndicate using Debswana letterhead to offer them business opportunities. Using an illegally generated letterhead bearing Debswana logo, the syndicate appears to have conned individuals into paying large sums as inducement for facilitation with registration and award of tenders by Debswana Diamond Company. “The individuals or syndicates tend to meet their victims outside Debswana e.g. Debswana entrance, parking lot, shopping malls etc. to offer ‘contracts’.” says the company. Debswana wishes to inform members of the public that it does not issue tenders and contracts in such public places. “We…
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Impact Minerals Limited (ASX: IPT) says that it has earned a 51% participating interest in the Xade Nickel-Copper-PGE project in Botswana where drilling is in progress. According to a media update, the The Xade Project covers a poorly explored gabbro intrusion (the Xade Complex) in central Botswana with excellent potential to host deposits of copper-nickel sulphides and PGEs. “Impact entered into an option agreement with private company Manica Minerals Limited (Manica) to spend US$1.2 million over two years to earn a 51% interest in the Xade project and this requirement has now been met,” the company says in an update. The…
Discovery Metals Limited has released assay results from nine diamond drill holes at the Zeta NE deposit. Zeta NE is located within the company’s 100% owned prospecting licences in the Kalahari Copperbelt in north-west Botswana and is located approximately 10 kilometres east of the Boseto concentrator. The Zeta NE deposit is located within the Boseto Zone and is approximately seven kilometres north-east of, and directly along strike from, the Zeta Deposit, which is currently being mined. The Inferred Mineral Resources currently at Zeta NE are 12.9 Mt @ 1.3% Cu and 22 g/t Ag over a strike length of approximately…
Statistics Botswana has officially released the Botswana Consumer Price Index for December 2012. The national inflation rate remained unchanged at 7.4 percent during the month of December 2012. The National Consumer Price Index (CPI) was 164.9 during December 2012, registering an increase of 0.3 percent from the November 2012 index of 164.4. Contributing to the increase in the CPI were Transport (0.6 percent) and Clothing & Footwear (0.5 percent). Consumer prices slightly rose in every major component between November and December 2012 except Communication and Education. “The rise in Transport group index was due to an increase in the constituent…
At a speech this week in Delhi, David Scowsill, WTTC President & CEO, has called on the Indian government to address the two biggest issues that are likely to hold back the growth of the country’s Travel & Tourism economy. Speaking at the Hotel Investment Forum India, Scowsill argues India is becoming increasingly expensive. “Taxes are rampant in India’s aviation sector, indicating that the government views the sector as a revenue source rather than a revenue generator. But high taxation will potentially hinder the development of Travel & Tourism. It’s vital for the government to make further moves to reduce…
The small time entrepreneurs who have been selling mophane worm or Phane to neighbouring countries have been told that they need export permits to reach these markets. The Ministry of Environment, Wildlife and Tourism explains in a press release that it is aware that this is a Phane season and there is a trade between Botswana and neigbouring countries especially to South Africa. “The Ministry of Environment, Wildlife and Tourism through the Department of Forestry and Range Resources (DFRR) wishes to inform the general public that subject to the provisions of Agricultural Resources Conservation Act (Cap 35: 06) and its…
Anglo American says it supports the Anglo American Platinum’s conclusions of the review of its business, announced in February 2012, and endorses the clearly defined proposed strategy to create a sustainable, competitive and profitable platinum business for the long term benefit of all its stakeholders. Cynthia Carroll, Chief Executive of Anglo American and Chairman of Anglo American Platinum explains its subsidiary has concluded its thorough business review in the context of the company’s revised demand growth expectations and the many structural changes that have affected the profitability of the platinum business in recent years. “In that context, Anglo American Platinum…
More than 130 African exhibitors are expected to showcase an extensive range of products (including technical textiles, industrial footwear and uniform manufacturers) and services to key International and African decision makers and buyers at Source Africa Trade Event in Cape Town, South Africa. According to the organisers of the event, Source Africa will be Africa’s most important sourcing event for the African textile, apparel & footwear industries this year. The event will bring together business leaders and decision makers from across Africa – providing a platform for buyers to network with African manufacturers all under one roof. “The two main…
The public and the business community are informed that the Competition Commission can now sit to determine cases brought before it, says Botswana Competition Authority in a statement. The authority says the move follows the publication of the Rules for the Conduct of Proceedings of the Competition Commission in the Government Gazette. The Rules set out the procedures to be followed in the adjudication process and will assist those who come before the Commission. “The effect of publishing the Rules is that the Competition Authority can now refer competition cases to the Competition Commission for determination. Where the Authority has…
Anglo American has appointed Mark Cutifani as the new Chief Executive to replace Cynthia Carrol. Cutifani has been Chief Executive Officer of AngloGold Ashanti Limited, the South Africa-based gold producer, since 2007 and has led the successful restructuring and development of its business, which includes operations in ten countries on four continents. Prior to his current role, Cutifani was the Chief Operating Officer of CVRD Inco, the Canadian nickel company. He started his career in the coal and gold mining industries in Australia and has experience across a wide range of commodities. He has a degree in Mining Engineering and…