MOD Resources (MOD), the ASX listed copper explorer said it has a very positive December quarter, with a robust scoping study for the T3 copper/silver project a highlight of the period. Based on the highly encouraging project economics, MOD and joint venture partner, Metal Tiger Plc (30%), have commenced a pre-feasibility study (PFS) expected to be completed in mid-2017. The scoping study outlined a 2mtpa open pit project producing 21ktpa copper and 665kozpa silver at C1 cash cost of US$1.29/lb, over a production life of 9.25 years. T3 is the second copper deposit discovered by MOD in the region, the…
Author: Editor
The coal-rich Botswana has an opportunity to create thousands of jobs if it were to convert its large quantities of coal reserves it has into liquids and in the process help the country diversify its economy. Botswana Oil Limited (BOL) chief executive officer, Willie Mokgatlhe told the inaugural Mining Investment Botswana that the 212 billion coal under the ground can be turned into opportunities that can create 15, 000 jobs when the coal to liquid plant is being built and 4, 000 permanent jobs when it becomes operational. “This is a sizeable number of jobs. If you have a plant…
Mining Investment Botswana, part of the Global Mining Investment Conference Series, will be launched in Gaborone, Botswana from 13 – 15 February 2017. This will be the only location in Southern Africa within the entire Mining Investment Series for 2017 and it seeks to draw international investors to Botswana to explore the mining opportunities in the country and the region. Mining Investment Botswana is a strategic global mining conference that connects miners, investors, government officials and service providers for networking, partnering and business matching opportunities. Since its inception in Singapore in 2015, Mining Investment Conferences have successfully expanded beyond Asia…
China Africa Resources, the AIM listed natural resource exploration and development company say it has signed an Investment Agreement with Global Exploration Technologies (Pty) Ltd, a private Australian company, to acquire a 48.88% shareholding in GET. GET has five exploration licences in the Kalahari Copper Belt in Botswana held through three Botswana subsidiary companies. “I am pleased to confirm to the market this investment in GET, a Company with interests in the Kalahari Copper Belt in Botswana. The China Africa team have been highly proactive in the search for new potentially high value opportunities across the energy metals and minerals…
ALROSA, the world leader in diamond mining, has announced rough and polished diamond sale results for January 2017. Rough diamond sales by ALROSA Group in January 2017 amounted to USD 358.2 million. Polished diamond sales for the same period amounted to USD 7.28 million.Total diamond sales in January 2017 amounted to USD 365.4 million, 60% higher compared to the same period last year. “The first month of the year has expectedly demonstrated effective demand for rough diamonds in almost all market segments. The diamond cutting sector in India obviously copes with the problems caused by the currency reform in…
Element Six, the world leader in synthetic diamond super-materials and member of The De Beers Group of Companies, has has announced the creation of a further 100 jobs at its Shannon facility as part of a €7 million investment at the plant this year. The investment, announced at a briefing at the plant hosted by Element Six Executive Director of Operations Ken Sullivan, and attended by Minister of State at the Department of Jobs, Enterprise and Innovation Pat Breen, and the company’s global CEO Walter Hühn, will bring the overall spend by Element Six at Shannon to €40 million over…
De Beers said its rough diamond production increased by 10% to 7.8 million carats in the last quarter of 2015 as compared to Q4 2015 when production was reduced in response to trading conditions. According to the diamond major’s production report for the fourth quarter of 2016, the increase also reflected the ramp-up of Gahcho Kué. Production at Debswana, which is owned 50/50 by De Beers and Botswana government, increased by 15% to 5.4 million carats. At Jwaneng, production increased by 40%, partly offset by Orapa, which decreased by 6%, and Damtshaa (a satellite operation of Orapa), which was placed…
Shumba Energy Ltd said it has signed an option to acquire 75% of the Morupule South project from Hodges Resources. The Morupule South Coal Project is located within the central eastern district of Botswana, directly to the south of the Morupule Colliery. The project has a resource of 2.45 billion tons of JORC compliant resources of which 380 million tons are in the measured and indicated categories. The Morupule Main seam represents 83% of the resources. 1.2 billion tons are amenable to open cut mining with initial waste to coal strip ratios of under 2 to 1. Study results confirm…
Firestone Diamonds plc, the AIM-quoted diamond company said the construction activities at Liqhobong Diamond Mine were completed early in the quarter and it is currently in the commissioning and ramp up stage of the project. According to the company’s Quarterly Update on Construction and Commissioning Activities for the quarter ended 31 December 2016, the project construction was 100% complete and ramping up to nameplate capacity during the period. It said first diamond recoveries commenced in late October 2016 where there was recovery of over 20 special stones larger than 10.8 carats, with the largest being a 37 carat white diamond,…
The World Travel and Tourism Council (WTTC) has announced the Finalists for the Tourism for Tomorrow Awards 2017, who this year range from individual ecolodges to entire countries. They work in cities and in the most remote wilderness, offering volunteer trips or helping to prepare street children to work in hospitality. We will be profiling each one of the fifteen Finalists over this and the following two newsletters, before announcing the Winners at the annual WTTC summit in April. Each of the five categories has three Finalists, who are all now put forward to the next stage of the judging…