APR Energy plc said it has completed the installation and commissioning of its new two-year, 35MW project for Botswana Power Corporation and the 48MW expansion of its existing project for Senelec, Senegal’s national electric utility. “I want to congratulate our installation and commissioning teams for demonstrating our commitment to operational excellence and customer satisfaction by quickly bringing this new capacity on line,” said Chief Executive Officer Laurence Anderson. “These vital projects will help to raise the quality of life for people in Botswana and Senegal in a number of ways, such as supporting local medical facilities and schools.” The Botswana…
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MOD Resources Ltd said its directors are putting final touches on a proposed deal to acquire a number of prospecting licences in the immediate area of its 100% owned Mahumo high grade copper/silver project in the Kalahari Copper Belt of Botswana. Perth-based exploration-company stated that the acquisition is considered an important part of future growth plans for the Mahumo area and covers any possible extensions to the deposit. It added that the terms of its offer for the licences have been accepted in principle and the proposed transaction remains subject to finalisation of legal documentation and satisfaction of certain…
The Ministry of Environment, Wildlife and Tourism through the Department of Tourism will once again join the rest of the world to commemorate the World Tourism Day. This year’s commemoration will be held on the 24th September 2015 in Gaborone, at Sir Seretse Khama International Airport from 0800hrs under the theme “1 BILLION TOURISTS, 1 BILLION OPPORTUNITIES”. According to the ministry, the day will start with a motorcade from New Era College to the airport from 0700hrs. The main session at the SSKIA will be officiated by the Minister of Environment, Wildlife and Tourism Tshekedi Khama. There will…
Firestone Diamonds plc said it has satisfied all of the outstanding conditions required to drawdown the US$82.4 million project finance facility for the Liqhobong Mine Development Project provided to it by Absa Bank Limited. The AIM-quoted diamond development company stated that it has received its first drawdown of US$7.6 million under the facility. Firestone said the facility is part of the group’s overall funding package to fund the project expenditure through to completion, with initial production anticipated to occur during Q4 2016. “Following the finalising of the Export Credit Insurance Corporation SOC Ltd insurance cover for the majority of the…
The Managing Director of Debswana, Balisi Bonyongo said his company places high value on the security of diamonds because of their strategic importance to the economy of Botswana. Delivering a keynote address at the 21st Regional Security Conference in Gaborone, Bonyongo said the process of extracting diamonds from the earth and unlocking their value needs to be protected throughout the diamond pipeline. Bonyongo further noted that the mining industry across the globe is currently facing tough challenges, so every carat counts for a diamond mining company such as Debswana, hence the need for robust security. Bonyongo further highlighted the…
Global diamond jewellery demand rose three per cent to exceed US$80 billion for the first time in 2014 – representing the fifth year of consecutive growth since the global recession – while global rough diamond production rose six per cent to US$19 billion, according to The De Beers Group of Companies’ Diamond Insight Report 2015. Consumer demand in 2014 grew in each of the top five diamond consuming markets – the US, China, Japan, India and the Gulf – which account for 75 per cent of global demand. The strength of the US dollar suppressed further global growth, which at…
The organisers of the iPAD Rwanda Power & Infrastructure Investment Forum in November in Kigali have announced that Symbion Power will return as the exclusive diamond sponsor for the event. Symbion Power is a well-known international power developer of electrical infrastructure projects and last year was awarded a 50 Megawatt Independent Power Production (IPP) gas to power project using methane gas from Lake Kivu in Rwanda. The second edition of iPAD Rwanda enjoys high-level support from the Kigali government and parastatals and will once again welcome more than 250 industry experts and stakeholders from 5-6 November. The event offers a…
Budding energy developer, African Energy has named the project developer it has signed a binding term sheet with for the sale of its 100% owned Mmamantswe coal and power project in Botswana. The move follows request from the Australian Securities Exchange (ASX) where it is primary listed. “In response to a recent request for further information from the ASX, the Company advises that the project developer is TM Consulting, a South African consultancy firm that provides financial consulting, transactional advisory services and funds sourcing (Developer),” African Energy said. According to the company, the developer will form a…
Botswana Insurance Company Limited (BIC), the oldest short term insurance company in the country has stated that its goal is to create markets and not to be benchmarking. Speaking at a press conference to update the media on its 40 year journey, Marketing & Strategy Development Manager, Komissa Burzlaff said they are always at the forefront of bringing new products into the market. “BIC maintains leadership status by being product oriented, customising clients needs, embracing innovative technology for the business growth strategy, customer centricity, strategic affiliations,” stated the company. The company has recently re-launched the agriculture product that in the past had many…
Botswana Development Corporation (BDC) continues to lead the charge in driving debate and provoking impactful ideas on how to champion increased sustainability. The Corporation’s most recent effort comes in the form of sponsorship of the International Conference on Clean Energy for Sustainable Growth in Developing Countries. The conference was held from the 16-18 September 2015 at Majestic Five Hotel in Palapye. The mandate of the conference is in direct alignment with BDC’s own mission to “provide, facilitate and support financing of commercially viable enterprises in order to contribute to the sustainable development and economic growth of the Botswana economy.”…