Majwe Mining Joint Venture (PTY) LTD a company contracted by Debswana/Jwaneng Mine for Cut 8, Phase 2 Project will be handing over a three (3) office porta-cabin to be used for the HIV & Aids / ARV Program to serve the Mabule catchment area (Mabule, Tshidilamolomo, Mmakgori, Banyana Farms and Leporung). The communities of Mabule catchment area have been attending their full ARV consultation at Goodhope which is 120 Km away. This was strenuous and very costly for both the community and the government as some patients needed to be regularly transported to Goodhope for their medications and checkups. The…
Author: Editor
Lucara Diamond Corp, which recently officially launched its mine in Botswana says it has recovered a 9.46 carat rare Type II blue diamond from its wholly owned Karowe Mine in Botswana. The diamond, the first of its kind to be identified at Karowe, will be sold on tender at the upcoming sale of Karowe diamonds which will take place on November 26, 2012. At this sale, more than 57,000 carats of diamonds will be sold on tender, the fourth sale of Karowe diamonds this year. William Lamb, Lucara’s President and CEO says the recovery of such a rare stone is…
In an effort to encourage and maintain quality Health, Safety and wellbeing among employees at workplace, BCL will undertake 1 month Wellness Campaign from November 10, 2012. This campaign is in recognition of excessive use or abuse of alcohol and drug’s negative impact on production, physical and psychological effects, absenteeism, social ills such as violence and family problems, addictive behavior and unnecessary spending. This campaign will be launched through a 10km walk on November 10, 2012. Registration will be at 0530AM at Makhubu Club and the Walk commences at 0600AM. The campaign is aimed at providing information/education to employees to…
The directors of African Energy say the company’s application for water rights for the Sese Coal & Power Project in Botswana have been recommended for approval by the board of the Water Utilities Corporation (WUC). Their recommendation has been passed on to the Minister for Minerals, Energy and Water Resources for final approval. African Energy applied for water rights from Shashe Dam, seeking an allocation of up to 2.8 Gl/annum. This is sufficient to provide all water necessary for the Sese Integrated Power Project (300MW power station and 1.5 Mtpa coal mine) with the balance of the water rights being…
Discovery Metals says times are not ‘normal’ as it has released a detailed presentation that is likely to influence investor decisions over a hostile takeover bid a Chinese joint venture. The company, which is producing copper at its Boseto Copper Project says it cannot wait for the Annual General Meeting and release target statement and the state of company development after the AGM. Gordon Galt, Chairman, Discovery Metals Limited says to date the board has normally had occasion to send direct messages and presentations via the Annual Report and the Annual General Meeting. Similarly he says between those occasions the…
Hodges Resources Limited says it is advancing off take negotiations with potential clients for its Morupule South coal project in Botswana. The Morupule South Coal Project is located to the south of the operational Morupule Colliery in central east of the country. The project consists of one prospecting licence (PL121/2010), covering a total area of 264.4km2 within the eastern central district of Botswana. The company says additional conceptual level studies are being undertaken on the power (electrical power generation) integration development and design. “This will take Hodges one step closer to the decision to develop the coal mine,” says the…
Wilderness Holdings has released its half year financial results for the six months ended 31, August 2012 with the group living up to its promise and producing solid results. The audited interim results reveals the ecotourism major grew its turnover by 17 percent to P672 million from P576 million compared to the same period last year. The Botswana Stock Exchange listed tourism group, which operates a network of 63 luxury camps in Botswana and the region—says its bed night sales for the period was 102 313 which is just under 2 percent below that was achieved in the comparable prior…
Soon Gaborone’s skyline will get a facelift. Earlier in the new millennium, the idea of the iTowers; a multi million Pula landmark development that would combine residential, commercial, leisure and retail space in Gaborone (the first of its kind in the city) was born. Set in the heart of the new CBD, the iTowers when fully functional will comprise two towers and a hub that will include a gym among other services positioned between the towers. With Phase One of the iTowers, the North Tower well on its way to completion, it will stand at a staggering 19 stories once…
Hana Mining Ltd. and Cupric Canyon Capital LP say they have entered into a definitive agreement pursuant to which Cupric has agreed to acquire all of the issued and outstanding common shares of Hana (other than the Hana Shares it currently owns) by way of a statutory Plan of Arrangement under the Business Corporations Act (British Columbia). The management of Cupric is comprised of experienced mining professionals in the copper industry specializing in exploration, development, and operations, and Cupric is supported by the Barclays Natural Resource Investments division of Barclays Bank PLC. Under the Arrangement, shareholders of Hana will receive…
Discovery Metals Limited (Discovery Metals or Company) says it has received from Cathay Fortune Investment Limited (the Bidder) a Bidder Statement in respect of their previously announced off-market bid to acquire all the ordinary shares (not currently held by CFC) in Discovery Metals for A$1.70 per share (Offer). The new bidder is a joint venture between Cathay Fortune Corporation (CFC) and China-Africa Development Fund (CAD Fund). Discovery Metals expects the Bidder Statement to be released to the market by the Bidder later on Thursday. Discovery Metals is currently preparing its Target Statement. The Target Statement will set out the view…