Debswana’s Letlhakane Mine Tailings Resource Treatment Project (LMTRTP) recently reached its biggest and final milestone through the recovery of the first carats from the tailings resource. This follows tests which introduced feed to the plant. The commissioning also marked a historical moment for Letlhakane Mine, as the tailings resource was mined and treated for the very first time since the Mine’s commissioning in 1975. Acting Letlhakane Mine Senior Commissioning Manager, Kirby Motsumi said they are delighted with this milestone achievement which is in line with our strategic goals. “Of course, we thank our team and Business Partners for working tirelessly…
Author: Editor
Cradle Arc (AIM: CRA), the African focused base and precious metals exploration and production company, has announced that it has disposed of Société Miniére de Kerboulé SARL (“SMK”), its operating subsidiary in Burkina Faso, which holds the wholly owned exploration licences of Arae and Gassel-Manere, together comprising the Kerboulé Gold Project. Arae and Gassel-Manere are both early stage exploration licences located in northern Burkina Faso where limited exploration work has been historically performed. In April 2015, the company obtained an independent non-JORC code compliant resource estimate, which estimated that there was 6.2Mt of in situ mineralisation at Kerboulé grading at…
Gem Diamonds Limited has announced that its Deputy Chief Executive Officer and Chief Operating Officer, Johnny Velloza, has advised of his intention to leave the company as an executive on 15 September 2018. As intended, Johnny will join the Board on 1 July, initially in an executive capacity and from 15 September 2018 onwards, as a Non-Executive Director. Velloza will be taking up a position as Joint Chief Executive Officer in a large copper and cobalt company operating in the DRC. A search for his successor is underway and a further announcement on succession plans will be made in due course. …
Nedbank Tour de Tuli has officially launched the 2018 route of this ultimate mountain-biking event, which will see 300 riders cycle across more than 250 km of challenging and remote terrain in Botswana, Zimbabwe and South Africa between 2 and 7 August. Riders will not only get the unique opportunity to discover exciting fresh wilderness trails, but also to enjoy a range of original features such as meeting an expert astronomer, being present at the unveiling of the brand new Nyala Berry Camp in Zimbabwe and seeing a fascinating 140-million-year-old dinosaur fossil site. “Each year the route for the Nedbank…
De Beers said rough diamond sales were higher during its latest cycle in Gaborone as the diamond major weathered the global storm. The Anglo American diamond unit noted on its rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2018 that it sold $575 million worth of diamonds during the period. This was better that $554 million recorded in Cycle 4 2018 and year-on-year stronger than $541 million of Cycle 5 2017. The company, whose most of its meat is in Botswana through a 50/50 partnership with government, said the market sentiment is improving. “Sentiment in the diamond…
Lucara Diamond Corp. announced the results from its 12th Exceptional Stone Tender (“EST”). The tender consisted of 10 single stone lots, ranging from 472.37 to 40.4 carats in size, totaling 1,453.06 carats, included two diamonds greater than 300 carats, and achieved gross revenues of US$ 32.48 Million (US$ 22,356 per carat). The 327.48 carat diamond sold for US$ 10.1 Million (US$ 30,900/ct). Highlights All 10 tendered diamonds sold for more than US$ 1.0 Million each Lot number 1201, the 327.48 carat diamond sold for US$ 10.1 Million 4 diamonds sold for in excess of US$ 3 Million each The average price per carat, excluding the 472.37 carat top light brown…
Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 – on the back of precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply. Today, Bloomberg NEF (BNEF) published its annual long-term analysis of the future of the global electricity system – New Energy Outlook (NEO) 2018. The 150-page report draws on detailed research by a team of more than 65 analysts around the world, including sophisticated modeling of power systems country-by-country, and of…
The Toyota Kalahari Botswana 1000 Desert Race from 22 to 24 June in Jwaneng, the most prestigious sporting event in Botswana and the flagship of the South African Cross Country Series (SACCS), will pose a demanding challenge with crews and riders being made to work hard for good results at the only marathon event on the calendar. The weekend’s programme features a feast of national championship racing with round three of the SACCS Championship, rounds three and four of the SA National Cross Country Motorcycle Championship and round two and three of the BMS Motorcycle and Quad Championships. The event…
De Beers Group has announced the launch of a new company called Lightbox Jewelry that will begin marketing a new brand of laboratory-grown diamond jewellery under the Lightbox name in September, offering consumers high-quality, fashion jewelry designs at lower prices than existing lab-grown diamond offerings. Lightbox lab-grown diamonds will retail from US$200 for a quarter-carat stone to US$800 for a one-carat stone. The line will bring something new and innovative to the jewelry sector, featuring pink, blue and white lab-grown diamonds in a selection of accessibly-priced earring and necklace designs. “Lightbox will transform the lab-grown diamond sector by offering consumers…
Wilderness Safaris will be expanding its ecotourism footprint in Rwanda by opening a new camp in Akagera National Park in mid-December 2018. In partnership with the Rwanda Development Board and conservation group African Parks the six-tented camp, called Magashi, will be situated in the north-eastern part of Akagera overlooking Lake Rwanyakazinga. The long-term funding support of The Howard G. Buffett Foundation to African Parks for the protection and development of Akagera has made this further investment by Wilderness possible. “As we celebrate our 35th year of changing lives in 2018, we are proud to announce this exciting partnership with the…