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Intensification drilling under way at Botswana Diamonds’ Thorny River

By: Tasneem Bulbulia     18th February 2019 Aim- and BSE-listed exploration company Botswana Diamonds has started with the planned intensification drilling on its Thorny River prospect in South Africa, with the first four holes having intersected diamonds at predicted thicknesses and depths.  The programme, which comprises the drilling of... 

On-The-Air (15/02/2019) 

By: Martin Creamer     15th February 2019 African countries are streaking ahead of South Africa on the mining automation front; mining companies are opting for solar power because it is cheaper than Eskom power; and only black-owned companies will be allowed to buy the seven mining operations that are up for sale in Mpumalanga.... 

The rot continues

By: Martin Zhuwakinyu     15th February 2019 Just more than a year ago, African heads of State and government converged on the Ethiopian capital of Addis Ababa to launch 2018 as the continent’s Anticorruption Year. No stone was going to be left unturned in the fight to rid Mother Africa of this pernicious scourge, which continued to deal... 

Vast Resources set to mine Zimbabwe diamond territory – Minister

By: Reuters     14th February 2019 London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high... 

Metal Tiger raises funds to support exploration in Botswana

By: Tasneem Bulbulia     11th February 2019 Aim-listed Metal Tiger on Monday announced the placing of 70.01-million shares, at a price of 1.45p each, with new and existing investors to raise gross proceeds of about £1-million. In addition to the placing, Metal Tiger also announced that it has signed a nonbinding term sheet with Sprott... 

Basil Read subsidiary to sell 28% stake in Majwe JV

By: Simone Liedtke     8th February 2019 Basil Read Mining Botswana (BRMB), a wholly-owned subsidiary of Basil Read Mining, will sell its 28% interest in the Majwe Joint Venture (JV) to Thiess Botswana and Bothakgwa Burrow Botswana (BBB) for R110.5-million. Under the terms of the agreement, BRMB will sell 28 ordinary shares,... 

Fuel price increases led to decline in new-car sales, says Strobel

By: Thabi Madiba     8th February 2019 Bearings and power transmission products distributor Bearings International (BI) customer offer marketing manager Victor Strobel says fuel price increases have affected new-car sales, which slid from 47 478 units sold in November 2018 to 39 984 units in December 2018. Subsequently, many people... 

Matric pass rate improves, but …

By: Martin Zhuwakinyu     8th February 2019 Our 2018 matriculants – those who wrote the National Senior Certificate (NSC) exams and those who attended schools affiliated with the Independent Examination Board (IEB) alike – deserve a huge pat on the back for doing the nation proud. The NSC pass rate was 78.2% last year, a significant... 

Transnet, Botswana Rail seek to unlock Botswana’s coal reserves

By: Nadine James     7th February 2019 State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated 212-billion tons of coal reserves, Transnet announced on Thursday. Discussions around this project... 

Transnet promises to ramp up efficiency 

By: Kim Cloete     6th February 2019 Transnet has promised to deal with corruption and step up efficiency around its operations, which have taken a heavy knock over the past few years. “Over the past ten years, we have injected capital of R42-billion into the network side. Yet the scale of the network is worse today than it was ten... 

De Beers to spend R30m on diamond exploration this year  

By: Martin Creamer     6th February 2019 De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a... 

Weba Chute Mechanism Saves Costs, Downtime At Diamond Mine

4th February 2019 Challenging materials handling applications are the norm for Weba Chute Systems, and the company’s recent solution at a diamond mine in Botswana tackled the issue of large particle sizes to ensure more uptime for the customer’s operation. The mine had been faced with replacing transfer chutes... 

Transnet says coal exports expected to dip this year

By: Kim Cloete     1st February 2019 Coal exports are expected to drop this year, following a disappointingly slow run over the past few months, says Transnet Freight Rail coal GM Mandisa Mondi. “For the current financial year, the target for export was 77-million tonnes. We are trending at 73-million tonnes. We hope to have a good... 

Botswana keen for corridor to link to South Africa’s coalfields

By: Kim Cloete     1st February 2019 Botswana’s Minister of Transport and Communications, Dorcas Makgato, has revived the need for a new heavy haul railway linking Botswana’s Mmamabula area with South Africa’s Lephalale coalfields.   Makgato said the project aimed to link coal deposits in both areas with South African heavy haul... 

Logistics a weak link in South Africa’s coal value chain

By: Tracy Hancock     1st February 2019 There needs to be greater impetus on improving the infrastructure that transports coal for domestic use and for export in South Africa. One way of doing so is by dealing with the overuse of road transport and coordinating the logistics of junior miners, which contribute to inefficient coal... 

Gaping wound 

By: Terence Creamer     1st February 2019 The World Bank’s latest South Africa Economic Update contains a fact box headlined ‘What is the state of human capital in South Africa?’ that is beyond disturbing. Drawing information form its recently unveiled Human Capital Index (HCI), the bank shows that South Africa’s education and health... 

SA passport among Africa’s ‘strongest’

By: Martin Zhuwakinyu     1st February 2019 A couple of weeks back, I mentioned in this couple that the African Union will this month be providing details of its plans to launch a pan-African passport as part of its efforts to improve the free movement of people on the continent. The benefits of such a move will be immense; they will... 

JOGMEC establishes Johannesburg Office as a base for natural resource development in Africa

30th January 2019 The Japan Oil, Gas and Metals National Corporation (JOGMEC) will be setting up an office in Johannesburg, South Africa on February 1, 2019, bringing the number of international JOGMEC offices to 14. “Recognising the immense potential which Africa has in supplying the world with natural resources,... 

Giyani secures $1m loan facility for Botswana projects

By: Creamer Media Reporter      29th January 2019 Canadian junior exploration company Giyani Metals has signed a term sheet with Traxys Africa Trading for the provision of a $1-million convertible loan facility. TSX-V- and Frankfurt Stock Exchange-listed Giyani will use the funds to finance the development and operation of its K.Hill and Otse... 

Lucara recovers 240 ct diamond at Karowe

By: Creamer Media Reporter      28th January 2019 Lucara Diamond Corporation's Karowe mine, in Botswana, has yielded another significant find – a 240 ct top white gem diamond. It will be shown alongside the 127 ct, top white gem diamond recovered earlier this year, together with other exceptional diamonds recently recovered from Karowe at... 

Hearings into alleged cement industry cartel continues, judgment expected by June

By: Simone Liedtke     25th January 2019 The Competition Tribunal turned its focus back to the case of alleged cartel conduct in the cement industry on Thursday, with a judgment in the case against KwaZulu-Natal-based Natal Portland Cement (NPC) Cimpor expected to be announced by June. The Competition Commission in 2008 launched an... 

Expanded products portfolio leads to new opportunities

By: Cameron Mackay     25th January 2019 New markets and opportunities have arisen after technical solutions provider BMG expanded its products portfolio with the addition of Fenner conveyor belting products last year. “BMG decided to sign a long-term agreement in 2018 with polyvinyl chloride (PVC) solid woven conveyor belting products... 

Flowtite launches impact-resistant pipe solution as it marks fiftieth anniversary

By: Schalk Burger     25th January 2019 Multinational glass fibre-reinforced polyester (GRP) pipes manufacturer Flowtite celebrated its 50-year anniversary with the local launch of its impact-resistant Grey-brand pipes last month. The pipes facilitate rapid, easy installation for heavy-duty water uses and the use of native backfill and... 

Lucara marks progress on Karowe feasibility study

By: Tasneem Bulbulia     24th January 2019 Lucara Diamond Corp continues to make progress with the feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine, in Botswana. Following the release of a positive preliminary economic assessment (PEA), the company last year embarked on a technical... 

De Beers lowers 2019 output guidance

By: Tasneem Bulbulia     24th January 2019 Diamond miner De Beers has lowered its production guidance for 2019 to between 31-million and 33-million carats. The company, which on Thursday reported production of 35.3-million carats for the 2018 financial year, attributes the lower production guidance to its existing Venetia openpit, in... 

Further work at BK16 deposit ‘justified’ – consultant

By: Simone Liedtke     23rd January 2019 TSX-V-listed Tsodilo Resources on Wednesday announced the completion of a second independent size frequency distribution (SFD) modelled grade and diamond value for the 77.94 ct parcel of 502 commercial size diamonds recovered during BK16’s large diameter drilling (LDD) programme. In December, it... 

Botswana Diamonds to raise £370 000 for exploration activities

By: Simone Liedtke     23rd January 2019 Aim-listed Botswana Diamonds has undertaken a share placing with existing and new investors to raise £370 000 through the issue of just over 67.2-million new ordinary shares at a placing price of 0.55p a placing share. The proceeds will be used to fund exploration activities during the current... 

Cape Town’s WhereIsMyTransport expands to Latin America, India

By: Irma Venter     22nd January 2019 Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. 

MOD Resources surges, says Sandfire takeover undervalued

By: Esmarie Iannucci     22nd January 2019 The share price of copper developer MOD Resources increased by 50% on Tuesday after the company told shareholders that the A$113-million indicative takeover offer from fellow-listed Sandfire Resources undervalued the company. MOD on Tuesday revealed a A$15-million capital raise to fund working... 

SEW-EURODRIVE gear units used in OEM projects

By: Khutso Maphatsoe     18th January 2019 Local original-equipment manufacturer (OEM) Wamechsi Group uses products from automation and drive specialist SEW-EURODRIVE South Africa for a range of wastewater treatment plants it has built in the country. This standardization is largely owing to the quality and reliability of the German... 

Corruption, weak governance hinders sub-Saharan Africa’s economic growth – IMF

By: Marleny Arnoldi     16th January 2019 Countries in sub-Saharan Africa could strengthen their economic performance by improving governance and reducing corruption, a working paper published by the International Monetary Fund (IMF) has found. The paper, titled ‘A Governance Dividend for Sub-Saharan Africa?’ stated that countries in... 

Lucara recovers 127 ct diamond from Karowe

By: Marleny Arnoldi     11th January 2019 TSX-, Nasdaq- and Botswana Stock Exhange-listed Lucara Diamond Corporation on Thursday recovered a 127 ct, top white gem-quality diamond from its Karowe diamond mine, in Botswana. Since mining started at Karowe in 2012, the company has recovered 129 diamonds in excess of 100 ct, including 12... 

Tiffany CEO says it's his 'duty' to reveal diamonds' provenance

By: Bloomberg     9th January 2019 Tiffany & Co. is telling consumers where its diamonds come from as the jeweler tries to become more transparent in a notoriously opaque industry. Its top executive says the change was imperative. “This is a topic that has become more and more relevant for new generations,” Chief Executive Officer... 

Lucara’s digital sales platform delivers positive outcome for inaugural sale

By: Marleny Arnoldi     8th January 2019 TSX-, Nasdaq- and Botswana Stock Exchange-listed Lucara Diamond Corporation finalised its inaugural diamond sale through its digital sales platform, Clara Diamond Solutions, in December. Seven manufacturers participated in the sale, five of whom matched and received their orders through the... 

Lucara to prioritise Karowe expansion studies

By: Marleny Arnoldi     8th January 2019 TSX-, Nasdaq- and Botswana Stock Exchange-listed Lucara Diamond Corporation will, this year, prioritise the completion of a feasibility study into the potential for underground production and life-of-mine expansion from 2026 to 2036 at its Karowe prospect, in Botswana. Lucara has set aside a... 

Kibo to focus on technical works, PPAs for its projects during 2019

By: Marleny Arnoldi     7th January 2019 With 580-million Africans still reliant on inefficient, unreliable and expensive energy sources, if any, Aim- and JSE-listed Kibo Energy will, this year, remain focused on the market opportunity this represents. This year will see Kibo fast-track the remaining technical work to complete an... 

Volatile rand has Namibia mulling an end to 25-year currency peg

By: Bloomberg     21st December 2018 Namibia is growing tired of the economic pain caused by the volatile South African rand and is considering ending a 25-year-old peg to the currency of its larger neighbor. The government in Windhoek is weighing options to amend the currency arrangement or forge a new path for the Namibian... 

Provisional judicial manager appointed for Botswana copper mine

By: Mariaan Webb     20th December 2018 Base metals miner Cradle Arc will cooperate with the provisional judicial manager who was appointed for its 60%-owned subsidiary Leboam, in Botswana, to find solutions for the group’s financial difficulties, CEO Kevin van Wouw affirmed on Thursday. The Botswana High Court has issued a provincial... 

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