Aviva Corporation Ltd says its Chief Executive Officer Lindsay Reed has decided to resign saying he will work out his notice period before leaving the company. Chairman of the company Dr Geoff Loftus-Hills says: Reed made a sterling contribution to the mining group in his more than 10 years as the Chief Executive Officer. “Reed’s most recent contribution was the successful sale of Aviva’s Kenyan gold and base metal assets to African Barrick Gold. The Board would like to wish Reed all the best for the future,” Loftus-Hills explains. Aviva Corporation Limited is a resource development company listed on the…
Author: Editor
The Directors of Hodges Resources Limited has appointed Christopher Eves as non- Executive Chairman effective immediately. Christopher is a commerce and law honours graduate from the University of Melbourne who specialises in the development and financing of civil engineering works and major resource and infrastructure projects. His experience has been gathered in various roles including being Legal Counsel to Alcoa in the mid 1980’s, a Partner in the legal firm of Blake Dawson for fourteen years as well as the inaugural CEO of the Oakajee Port and Rail project. Chris has particular expertise in the development and financing of resources…
Further to the announcement on 21 August 2012, Barclays Bank PLC (“Barclays”) and its subsidiary Absa Group Limited (“Absa”) are pleased to announce their agreement to combine the majority of Barclays Africa operations (the “Portfolio”) with Absa. The proposed combination accelerates Barclays ‘One Bank in Africa’ strategy and its goal to become the ‘Go-To’ bank on the continent. The combined business will create a leading pan-African financial services business and a platform for further growth. The combined, JSE-listed business will serve approximately 14.4 million customers through a network of more than 1,300 outlets and over 10,400 ATMs, employing more than…
In line with its broad mandate to promote increased productivity in all sectors of the economy and thus bring about prosperity for all; the Botswana National Productivity Centre (BNPC) recently completed a customer care training for frontline staff for key institutions in the tourism and tourism related sectors. The training, sponsored by the Department of Tourism (DOT) was aimed at empowering the participants to among other critical competencies; be able to demonstrate ability and skill to handle customers in a polite and helpful manner, deal with incidents such as enquiries, equipment faults and lost property. Furthermore, the participants were empowered…
Botswana Power Corporations (BPC) says the Independent Power Producers (IPP) Greenfield for 300 MW coal fired project is at a planning stage. The country is in a tight power situation as the Morupule B Power Station will not be completed on time and it wants to diversify electricity sources by taking IPPs on board. The idea is to invite the private sector to participate, which will excite the market under the much waited activity on Botswana Government Coal Road Map aimed at advancing exploitation of coal resources in the country. Botswana is sitting on known coal reserves of over…
President of the Botswana, Lieutenant General Seretse Khama Ian Khama was on Friday 7th December expected to lead proceedings at an event to commemorate Jwaneng Mine’s 30 years of diamond production. The event was to be held at Jwaneng Showground, thirty years after Former President, Sir. Ketumile Masire officially opened the mine and dubbed it ‘The Prince among Mines’. Proceedings were scheduled to start at 08h00 and finish at midday. Amongst the dignitaries will be the Minister of Minerals, Energy and Water Resources, Kitso Mokaila, Member of Parliament for Ngwaketse West, Mephato Reatile, Former presidents of Botswana, Sir. Ketumile Masire…
Lucara Diamond Corp has subsequent to its annual budget Board meeting provides operating performance guidance for 2013. William Lamb, President and Chief Executive Officer says the current year has been successful and rewarding year for Lucara as the company transitioned from a developing company into a production company completing construction of our Karowe mine on schedule and on budget. “With a dedicated and focused operations team the mine achieved nameplate tonnage within 4 months of completing commissioning while maintaining an exemplary safety and environmental record,” he says. “By the end of the first year of production Lucara will have sold over…
Gem Diamonds Limited has announced the sale of Ellendale Diamond Mine and provided an update on the status of the Letšeng expansion project, Project Kholo. The company says it has entered into a share sale agreement to sell the Ellendale Diamond Mine in Western Australia to ASX listed company Goodrich Resources Limited. This represents the conclusion of the company’s strategic review of options for the Ellendale Mine that began in November 2011. Under the conditional share sale agreement, Gem Diamonds will sell to Goodrich 100% of the shares in Gem Diamonds Australia Holdings Pty Limited (the owner of 100% of…
Galane Gold Ltd. says it is conducting a major long term exploration programme over a large number of prospects contained within its mining leases and exploration tenements which cover the bulk of the Tati greenstone belt in Botswana. The company has provided an update concerning on-going exploration work at its Tekwane Prospect to define gold mineralisation found in a flat-lying quartz rubble bed in the soil profile, close to surface. The company is also announcing results from the first phase of pit excavations at the Tekwane Prospect. Through a regional program completed by a predecessor to the company in 2002,…
Debswana Diamond Company has called on different business partners in the tourism industry to play an active role in growing and protecting the industry as it is a vital force for Botswana’s economic development. Dr Adrian Gale, General Manager of Orapa, Letlhakane and Damtshaa Mines, who was representing the Company at the Hospitality and Tourism Association of Botswana (HATAB) Conference, held in Maun, said: “I challenge all of us to promote and protect this industry because it is critical for Botswana’s economic growth and diversification efforts away from diamond mining.” “The tourism sector’s direct contribution to GDP has been increasing…