The Botswana governments through its oil company seem to be moving ahead to monetize the country’s vast coal resources as they seek to engage the services of companies to undertake the establishment of a coal to liquids facility in Botswana. In a tender notice, state-owned Botswana Oil Company (BOL) said together with the Ministry of Mineral Resources, Green Technology and Energy Security (MMGE), through the Department of Energy (DoE) they are seeking prospective private companies and or parastatal bidders to undertake a bankable feasibility study, design, finance, construct, own, operate and maintain a coal to liquids plant in Botswana as…
Author: Editor
Botswana Diamonds, the AIM and BSE listed explorer said 223 microdiamonds have been recovered from 160kg of kimberlite drill core from the Frischgewaagt Project, located in South Africa. These results, which are presented in full below, were modeled to an estimated grade range of 20 to 270 carats per hundred tons (“cpht”) at a bottom cut off of 0.6 mm, with the largest stone being a white transparent crystal diamond falling in the -1.18+0.85 mm sieve. The modelling took cognisance of the results from the earlier bulk processing of surface and near surface material. The wide range in the estimated…
The total number of goods leaving and coming to the country increased in February according to Statistics Botswana’s latest figures. Stats Botswana said in the International Merchandise Trade Statistics (IMTS) Monthly Digest, which presents statistics on Botswana’s total imports and exports of goods at the end of February 2017, that during the period total imports were valued at P4, 203.8 million, showing an increase of 31.3% (P1, 001.8 million) from the January value of P3, 202.0 million. On the other hand, total exports were valued at P6, 763.0 million, showing an increase of 6.1% (P389.4 million) from the January 2017…
Toyota crews have notched up more victories than any other manufacturer on the Toyota Kalahari Botswana 1000 Desert Race, round three of this year’s South African Cross Country Series Auto championship, in Jwaneng from June 23 to 25. Toyota’s successes on the only marathon event on the SACCS calendar can, however, be split into two distinct eras. This year’s event is the 26th edition of the desert classic to be run in Botswana under the Toyota banner, with the first race in 1991 won by Klaus Degener and Derrick Pinnoy in a Chenowth. Motorsport South Africa in 1992 decided…
Wilderness Holdings, which trades as Wilderness Safaris in the region, said it is not pursuing its interest in a deal to enter into negotiations with Botswana government for a possible privatisation partnership in the national airline. The ecotourism outfit was picked ahead of others for the privatisation of Air Botswana, but the company has since alerted shareholders, the government and the market it was withdrawing its expression of interest. The Botswana and Johannesburg listed company in the announcement of its results for the year ended 28 February 2017, issued on 31 May 2017, confirmed that in February 2017 it submitted…
Alecto Minerals plc said it has raised £800,000 before expenses via the issue of further convertible loan notes with proceeds going towards fulfilling the Mowana Copper Mine’s working capital requirements ahead of effecting the first phase of our full scale production. The Mowana Copper Mine, located in north east Botswana, is currently ramping up to full production capacity and, as announced on 12 May 2017, the Company is on track to deliver production of 12,000 tonnes of copper concentrate in Q3 2017. Alecto is simultaneously progressing the completion of its acquisition of Cradle Arc Investments which, via its wholly owned…
Kimberley Diamonds Ltd (KDL) said directors of its Botswana subsidiary, Lerala Diamond Mines Limited have voted to place the company into judiciary management. In a recent update, KDC revealed that administrators are in the process of being appointed in Botswana. Lerala had already been forced to suspend operations at its Lerala Diamond Mine (as previously announced) due to delays in sourcing the funding required to continue its operations. “As previously announced to the market, Lerala has experienced a number of issues with the operation of the recommissioned diamond processing plant and has been in the process of implementing a performance…
According to PwC’s Mine 2017 report the world’s Top 40 miners recovered from a race to the bottom, with bolstered balance sheets and a return to profitability in 2016, giving them much-needed space to pause and draw breath. As it looks to the future, the 14th edition of PwC’s industry series analysing financial performance and global trends, also outlines the new opportunities and hazards on the horizon – and the impact of intransigent or innovative activity. Mine 2017 was released by PwC Africa at the Junior Indaba conference held in Johannesburg. Michal Kotzé, Energy, Utilities and Mining Industry Leader for PwC Africa, commented: “The…
Rio Tinto has further strengthened its partnership with China’s State-owned Assets Supervision and Administration Commission (SASAC) by signing a Memorandum of Understanding (MOU) to develop executive training for Central State-owned Enterprise (Central SOE) leaders. SASAC is the governing body responsible for supervising and managing the country’s state-owned assets. The total assets value of the 102 Central SOEs currently under its supervision is approximately 50.5 trillion RMB. Rio Tinto and SASAC will work together to develop a programme to share best practice and capacity building in a broad range of areas including stakeholder engagement, licence to operate, environmental and economic assessments…
ITE said it is hosting the 2017 edition of the globally recognised Africa Oil Week, the largest running oil and gas conference on the African continent, from the 23rd -27th October in Cape Town, South Africa. Africa’s premier event is host to over 1,250 industry players from around the world, bringing together cross-continent multinationals and offering a content rich programme, a quality industry exhibition and five-star networking. Regarded for its high-level participation and onsite deal-flow, with sizeable in-room investor and finance potential, Africa Oil Week delivers exposure of Africa-wide state and private acreage opportunities, transaction and new venture assets and potential, exploration…