Lucara Diamond Corp says it has recovered two additional rare blue diamonds from its Karowe Mine in Botswana.The larger of the two diamonds recovered has a weight of 4.77 carats with the smaller diamond weighing 0.2 carats. Options for the sale of the stones are currently being investigated. Lucara recently sold a 9.46 carat blue diamond recovered from the Karowe Mine for $4.515 million. William Lamb, CEO of Lucara notes the recovery of the 4.77 carat blue diamond brings the total number of blue diamonds recovered in the past few months to four. “The re-occurring recovery of these exceptionally rare…
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Paragon Diamonds has revealed it has entered into a memorandum of understanding (MoU) with an unnamed private Botswana company. In an update, Paragon says the company is the registered holder of a number prospecting licences (PL’s) across diamond-prospective terrains in Botswana, covering 1,686km² over several known kimberlites including one in the Orapa Kimberlite Field. The licences were issued in July 2011, are valid until June 2014 and can be extended for a further four years subject to certain conditions. “The MoU stipulates a six month period during which Paragon may review data on the licences, undertake appropriate due diligence and negotiate earning an equity interest…
Discovery Metals says the milling of ore at the Boseto copper project in Botswana recommenced this week following the temporary interruption that was caused by failure of a bearing in the ball mill gearbox. “This has now been repaired and milling of the 45,000 tonne crushed ore stockpile and further un-crushed ore stocks has commenced,” explains the company in an update. Further details will be provided in the December Boseto Commissioning Update which will be published next week. Discovery Metals Limited also resumed normal development of the Zeta open pit at the Boseto in December after the Department of Mines…
Zambia has joined its SADC neighbour Botswana is banning the hunting of lions and other endangered species that include leopards to preserve the declining population. Quoted by international media, the country’s Minister of Tourism, Sylvia Masebo argues the economy will benefit more from people coming to see the animals rather than killing them for trophy. The decision follows a similar one made by Botswana government last year in which President Ian Khama decided to indefinitely suspend commercial hunting of wildlife in public or Controlled Hunting Areas as from the 1st of January 2014. “This comes as a realisation that the…
ADSoftware, one of the global leaders in the aviation dedicated software solutions arena, has suceccessfully implemented for AIRPACK Fleet Management System and Logistics Solutions at Air Botswana. Air Botswana has recently implemented a maintenance package that includes fleet management, inventory and logistics control, documentation management, security management and reliability statistics reports. Though not required by any regulation, Air Botswana elected to proactively implement a framework of internal controls over its maintenance department as part of its continuing efforts to adopt global best practices. To achieve this in the most efficient way, Air Botswana chose AIRPACK as its ERP software platform.…
Lucara Diamond Corp. has reported results of its final diamond sale for 2012. The sale of Karowe diamonds was completed on December 17, 2012. A total of 62 lots were put up for sale containing 62,238 carats of diamonds of which 56 lots were sold achieving an average price of $273 per carat and yielding gross proceeds of $12.03 million. Six parcels containing 18,233 carats were withheld due to low levels of competitive bidding. The sales lots withheld contained diamonds in the finer size fractions. William Lamb, CEO of Lucara says this final sale of 2012 has Lucara ending the…
Hana Mining Ltd. has announce positive drilling results from the completion of the 2012 drill programme at the Ghanzi sediment hosted Copper-Silver Project in Botswana. Through the year, a total of 201 holes were drilled over 40,692.66 metres at Zones 2, 4, 5, 6 and Banana Zone. Of the 201 holes, 119 holes totaling 23,599.49 metres were drilled to improve the confidence of known mineralisation and the remainder for exploration. Both exploration and definition infill drilling have exceeded Hana’s expectations for continuous high-grade mineralization over wide intersections. This latest announcement reports results from infill drilling at Northeast Fold (“NEF”), a…
Firestone Diamonds plc, the AIM-quoted diamond mining and exploration company has announced the results of two diamond tenders held during October and November 2012. The total sales of 63,991 carats realised revenues of US$5.1 million and the October 2012 tender: 47,658 carats sold for US$3.5 million (an average of US$75 per carat). In November 2012 tender: 16,333 carats sold for US$1.6 million (an average of US$96 per carat); and The company says 28% increase in US$/ct achieved in November 2012 tender due to higher quality diamonds mined from the K2 unit of the Main Pipe. The November 2012 tender held at the…
Hodges Resources Limited says it has secured funding to continue to finance the Morupule South Coal Project in Botswana. The Company has agreed to issue convertible notes to the value of A$0.8 million to sophisticated investors and a separate disclosure document is not required. The key terms for the convertible notes will be detailed in the Appendix 3B which will be released to the market when the convertible notes are issued. Hodges’ Managing Director, Mark Major said says the issue of the convertible notes will ensure that the Company has sufficient funds to continue its expenditure requirements on the Morupule…
Due to its close proximity and accessibility, South Africa has over the years become the top holiday destination for most Batswana. This makes the South African roads some of the most frequently used and travelled as large numbers of Batswana travel to the different and exciting South African destinations. Because of the frequency and large numbers of travellers on the roads, there is a need for regular maintenance. Toll gates have been established and put up on major South African highways to help maintain the roads in an excellent condition. The most popularly used toll gates by Batswana travellers are…