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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... 

Informal land occupation should not be allowed to trump formal mining investment

By: Martin Creamer     18th January 2019 It is the age of informal triumph. Informal land occupiers are able to stop formal mining applications by winning victories in the law courts. Informal mining under the Gold City of Johannesburg wins vocal support while formal officially licenced mining is vocally condemned. 

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... 

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... 

On-The-Air (14/12/2018) 

By: Martin Creamer     14th December 2018 Platinum demand received a colossal boost this week when Japanese giant Mitsubishi decided to back its use in exciting new technologies. Transnet this week saved South Africa a fortune by getting the Sishen-Saldanha iron-ore line back in working order in record time. Botswana this week stole a... 

Kibo, Edenville resubmit tender qualification documents to Tanesco

By: Tasneem Bulbulia     7th December 2018 Aim-listed companies Kibo Energy and Edenville Energy on Friday both announced that they had resubmitted their respective tender qualification documents to the Tanzania Electricity Supply Company (Tanesco). Kibo is developing the Mbeya coal-to-power project (MCPP) and Edenville the Rukwa... 

Cradle Arc raises £396 000

By: Simone Liedtke     31st October 2018 Aim-listed Cradle Arc has raised £396 000, before expenses, by way of a conditional placing of 44-million new ordinary shares of 0.01p each in the capital of the company at a price of 0.90p a placing share. The proceeds of the placing will be used alongside the funding from the $2-million loan... 

Gem to build $3m plant to test tech that identifies diamonds within kimberlite ore

By: Simone Liedtke     31st October 2018 In line with its strategy of the early detection of large diamonds and reducing diamond damage, LSE-listed Gem Diamonds has approved the construction of a $3-million pilot plant, at Letšeng, in Lesotho, that will use innovative technology to identify diamonds within kimberlite ore and... 

Metal Tiger, MOD JV prospecting licences extended

By: Marleny Arnoldi     26th October 2018 Aim-listed Metal Tiger’s joint venture (JV) with ASX-listed MOD Resources, situated in the Kalahari copperbelt in Botswana, has been granted two-year extensions on its prospecting licences by the Botswana licensing authority. These licences were due for renewal by December 31, and hold the T3... 

Volvo launches new 95 t rigid hauler for coal, bulk commodities industries

By: Schalk Burger     26th October 2018 Earthmoving equipment manufacturer Volvo Construction Equipment on Thursday launched a new 95 t rigid hauler for the coal and bulk commodities industries in Southern Africa. Its local partner, construction equipment company Babcock Equipment, would provide the support and services for the... 

De Beers’ rough diamond production down 5% in Q3

By: Nadine James     23rd October 2018 De Beers Group on Tuesday reported that its rough diamond production had decreased by 5% to 8.7-million carats in the third quarter ended September 30, owing to planned volume reductions in Botswana and South Africa. In Botswana, production declined by 6% to 5.7-million carats owing to the... 

Lucara to hold first sale through Clara digital sales platform

By: Simone Liedtke     22nd October 2018 TSX-listed Lucara Diamond Corp will hold the first diamond sale through its 100%-owned digital sales platform, Clara Diamond Solutions, in November. It has invited a select group of large vertically integrated jewellery houses and global diamond manufacturers to participate in the sale. 

Why a no-deal Brexit risks freezing London's diamond trade

By: Bloomberg     19th October 2018 The UK has warned that a no-deal Brexit risks London being frozen out of the global diamond trade. Britain is a member of the Kimberley Process, the global certification program used to track and prevent the trade of conflict gems, through its European Union membership. The country will need to... 

MOD gets approval for new exploration project

By: Donald Makhafola     19th October 2018 Australian-listed copper exploration and development company MOD Resources has received approval from the Department of Environmental Affairs in Botswana to drill within a 700 km2 area in the northern section of the T20 dome complex. The approval is subject to the standard four-week public review... 

Getting Africa fit for the future requires good governance – Africa Forum

By: Marleny Arnoldi     18th October 2018 Law firm Hogan Lovells Africa head and partner Andrew Skipper on Thursday opened the firm’s Africa Forum conference by stating that, in Africa, there is a combination of optimism and scepticism, but stressed that the available opportunities were enormous. “Currency, corruption and certainty need... 

South African slump batters smaller neighbours protecting rand peg

By: Bloomberg     18th October 2018 South Africans aren’t the only ones struggling through the country’s economic slump. The fortunes of Lesotho, Namibia, and eSwatini, formerly known as Swaziland, are beholden to developments in their larger neighbor with their exchange rates pegged to the rand, the worst-performing major currency... 

Initial assessment of the T1A concession in the Marange Diamond Fields of Zimbabwe

18th October 2018 Botswana Diamonds plc is pleased to announce that it and Vast Resources plc ("Vast") have received a preliminary geological assessment of the Heritage Concession ("Block T1A") within the Marange Diamond Fields of Zimbabwe. Vast has a due diligence access agreement and pre-agreed joint venture... 

Vast Resources, Botswana Diamonds receive preliminary geological assessment on Marange JV

By: Simone Liedtke     17th October 2018 Aim-listed Vast Resources, together with Botswana Diamonds (BOD), have received an independent competent person’s preliminary geological assessment relating to the Heritage concession within the Marange diamond fields of Zimbabwe, in which specific exploration recommendations were made. As... 

Metal Tiger T3 mine feasibility study ‘progressing well within budget’

By: Simone Liedtke     16th October 2018 The T3 mine feasibility study for Aim-listed strategic natural resource investor Metal Tiger’s joint venture project with ASX-listed MOD Resources in the Kalahari copperbelt, in Botswana, is “progressing well within budget”, and is due for completion in March 2019, Metal Tiger said on Tuesday.... 

Cradle Arc’s Thakadu mining licence extended to May 2020

By: Marleny Arnoldi     15th October 2018 Aim-listed copper and gold miner Cradle Arc has been granted an extension on its mining licence by the Botswana Ministry of Mineral Resources, Green Technology and Energy Security. The licence is now valid until May 31, 2020, and covers 28.5 km2, which includes the Thakadu openpit and adjacent... 

Cradle Arc subsidiary secures loan facility for Mowana processing plant

By: Tasneem Bulbulia     8th October 2018 Cradle Arc’s 60%-owned subsidiary, Leboam, the holding company of the Mowana copper mine, in Botswana, has conditionally obtained a loan facility of $2-million from Cradle Arc's largest shareholder PenMin Botswana. Proceeds from the facility will be applied to dealing with the intermittent... 

Proper stimulation of mining can ensure better living standards for the people of South Africa

By: Martin Creamer     5th October 2018 Johannesburg and Los Angeles have something special in common. They were both catalysed by gold mining. The Witwatersrand gold rush of 1886 led to the establishment of Johannesburg and the California gold rush of 1848 led to the development of Los Angeles. Both cities are examples of the... 

Botswana Diamonds agrees development of concessions in the Marange Diamond Fields of Zimbabwe with Vast Resources plc

4th October 2018 Botswana Diamonds, (‘BOD’) the AIM and BSE listed explorer, is pleased to announce that it has concluded an agreement with Vast Resources plc (‘Vast’) the AIM listed mining and resource development company, for the development of their concessions in the prolific Marange Diamond Fields (‘MDF’) of... 

Botswana Diamonds, Vast firm up Marange concession development partnership

By: Tasneem Bulbulia     4th October 2018 Explorer Botswana Diamonds has concluded an agreement with mining and resource development company Vast Resources for the development of its concessions in the prolific Marange Diamond Fields (MDF) of eastern Zimbabwe.  A separate agreement will cover the joint development of diamond properties... 

Acquisition, manganese and agriculture in mining make headlines 

3rd October 2018 MC Mining has an eye on acquisition and project access, Botswana manganese estimate fires up aspirant battery supplier and the Bokamoso Barona initiative is promising to show how mining and agriculture can go hand-in-hand. Mining Weekly editor Martin Creamer unpacks the headlines. 

Botswana manganese estimate fires up aspirant battery supplier

By: Martin Creamer     1st October 2018 A maiden mineral resource at the Kgwakgwe Hill manganese field in Botswana has given a Toronto venture exchange junior exploration company sufficient confidence to proceed immediately with a preliminary economic assessment, Mining Weekly Online can today report. The mineral resource estimate,... 

Large new TOMRA x-ray sorter

1st October 2018 A game changer for mineral processing he TOMRA COM XRT 2.0 machine with higher belt speed and through-put as well as heavy ining 

Kibo, Sepco III extend due diligence deadline to end-November

By: Marleny Arnoldi     1st October 2018 Aim- and JSE-listed Kibo Energy on Monday announced that the due date by which potential equity investor Sepco III had to complete its internal investment process had been extended to November 30. This had initially been expected to be completed by September 30.  

Glencore backs $1bn acquisition of Chevron South Africa by black-owned consortium

By: Terence Creamer     28th September 2018 Black economic empowerment (BEE) consortium Off The Shelf Investments (OTS) confirmed on Friday that it had acquired Chevron South Africa (CSA) in a deal valued at $1-billion and financed by its technical and financial adviser, Glencore. CSA, which owns the Chevron refinery in Cape Town and the... 

Lifting-equipment orders from Zambia’s Mopani Copper Mines exceed R100m – Condra Cranes

By: Nadine James     28th September 2018 Condra Cranes shipment of lifting equipment despatched in late August to Zambia-based copper mine Mopani Copper Mines has raised Condra’s order intake from Mopani to more than R100-million. Comprising one electric travelling overhead crane, 38 hoists, two large, and seven smaller, jib cranes, the... 

Stanbic Botswana secures $125m loan guaranty to support diamond sector

By: Tasneem Bulbulia     27th September 2018 Stanbic Bank Botswana, which is a member of Standard Bank Group, has, along with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and Botswana Finance, a subsidiary of Lazare Kaplan International, signed a $125-million loan guaranty, which... 

Aveng reports strong market interest in most of its noncore assets 

By: Terence Creamer     26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

Kibo’s shares rise as Mbeya coal mine recommended for special mining licence

By: Simone Liedtke     26th September 2018 Aim- and JSE-listed Kibo Energy’s share price on the LSE increased by 10.69% on Wednesday morning after the company announced that the Mbeya coal mine, which comprises the mining component of the Mbeya coal-to-power project (MCPP), has been recommended for the grant of a special mining licence... 

Free State has potential to host further commercial kimberlites – Botswana Diamonds

By: Simone Liedtke     25th September 2018 The Free State has the potential to host further commercial kimberlites, says Botswana Diamonds, referencing research in various archives into the history of diamond mining in South Africa. Following the initial document research work and ground truthing, Aim-listed Botswana Diamonds has since... 

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