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MOD could increase plant throughput at T3

By: Esmarie Swanepoel     16th July 2018 ASX-listed MOD Resources has reported a 13% increase in the indicated resource of its T3 deposit, in Botswana, which could support a potential increase in the planned design throughput. MOD on Monday said that a reclassification of the T3 resource has seen the indicated mineral resource estimate... 

First diamond package at Tsodilo’s BK16 yields valuation of $197.68/ct

By: Creamer Media Reporter      12th July 2018 An independent evaluation of a package of diamonds recovered from TSX-V-listed Tsodilo Resources’ BK16 project, in Botswana, has yielded a valuation of, on average, $197.68/ct. The package comprised two parcels totaling 224 diamonds and a total weight of 34.35 ct. 

Chicago Pneumatic generator give-away a showstopper at Sibanye Gold MTE

11th July 2018 Following hot on the heels of the successful generator give-away at the Northam Mining & Technical Exhibition (MTE) in Limpopo, one week later Chicago Pneumatic once again handed out a portable generator, this time to a lucky visitor of the Sibanye Gold MTE held in Gauteng on 17 May 2018. Chicago... 

Exploration at Botswana Diamonds JV project delivers encouraging results

By: Creamer Media Reporter      11th July 2018 The first exploration programme undertaken by Botswana Diamonds’ geologists at the Sunland Minerals joint venture (JV), in Botswana, has revealed “encouraging quantities” of kimberlitic indicator minerals (KIMs) identified at all eight anomalies sampled. A total of 267 KIMs were discovered,... 

Jim Gowans joins New Gold board

By: Creamer Media Reporter      10th July 2018 Intermediate gold miner New Gold has recruited Arizona Mining CEO James Gowans to its board of directors with immediate effect. Gowans has more than 30 years of experience in mineral exploration, mine feasibility studies, mine construction and commissioning and the development of best practices... 

Kalahari Metals, Metal Tiger start exploration programme in Botswana

By: Marleny Arnoldi     10th July 2018 Aim-listed resources investor Metal Tiger announced on Tuesday an exploration programme at Kalahari Metals’ (KML’s) projects in the Kalahari copperbelt, in Botswana, has started and is aimed at identifying copper/gold mineralisation.  

Metal Tiger, partner log significant visible copper sulphides at Botswana project

By: Simone Liedtke     9th July 2018 Significant visible copper sulphides have been logged in hole MO-A4-003D as part of the latest diamond drill hole testing at the A4 dome at Aim-listed Metal Tiger’s joint venture (JV) project with partner MOD Resources in the Kalahari copperbelt, in Botswana. The strong visible copper... 

Kibo to issue shares to Sanderson to settle debt

By: Marleny Arnoldi     9th July 2018 Aim- and AltX-listed Kibo Mining has settled the outstanding balance of £1.11-million on the forward payment facility that was agreed on in December 2016 with Sanderson Capital Partners.  

Vast appoints Zim mining exec as it re-evaluates prospects

By: Mariaan Webb     6th July 2018 Aim-listed Vast Resources has appointed Zimbabwean diamond mining executive Mark Mabhudhu to the board of its Zimbabwean subsidiary as the company moves to step up its presence in the country. "The political amelioration in Zimbabwe over recent months has made us revaluate our activities in the... 

Moody’s warns of credit implications for Africa as China shifts to consumption-led growth

By: Simone Liedtke     3rd July 2018 China's shift to consumption-led growth will have mixed credit implications for African sovereigns, flattening the trade volumes of oil and ferrous metal exporters, while benefitting other exporters and tourist destinations, Moody's Investors Service said in a report published on Tuesday. "China... 

Kibo signs development agreement with Sepco III

By: Simone Liedtke     3rd July 2018 Aim-listed Kibo Mining has signed a strategic development agreement (SDA) with China-based Sepco III to work towards enhancing Kibo’s strategy and the development of its portfolio of energy projects. As part of the SDA, Sepco III has committed to a two-stage equity investment in Kibo. 

Kibo reaches final PPA discussion phase for MCPP

By: Simone Liedtke     29th June 2018 Aim- and AltX-listed Kibo Mining has reached the final phase of discussions with the Tanzania Electric Supply company (Tanesco) regarding the power purchase agreement (PPA) for its Mbeya coal-to-power project (MCPP). Kibo on Friday resubmitted a reformatted integrated bankable feasibility study... 

Company poised to capitalise on burgeoning grease market

By: Tasneem Bulbulia     29th June 2018 Lubricants specialist FUCHS Lubricants South Africa (FUCHS SA) expects that the demand for high-quality greases will grow “significantly” in all spheres of the market, and is, therefore, equipped to meet and exceed the mining market’s requirements for this through its newly commissioned grease... 

Kibo, Termoeléctrica finalise Benga JV in Mozambique

By: Marleny Arnoldi     28th June 2018 Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW... 

Karowe resource update supports continued recovery of high-value diamonds – Lucara

By: Simone Liedtke     27th June 2018 An updated mineral resource estimate on TSX-listed Lucara Diamond’s Karowe mine, in Botswana, supports the continued recovery of large, high-value diamonds from the South Lobe throughout the remaining life of the openpit and the likelihood for underground mining until at least 2036, CEO Eira... 

South Africa to align energy plans with SADC gas master plan

By: Terence Creamer     26th June 2018 Energy Minister Jeff Radebe has promised greater alignment between South Africa’s energy plans, included the new Integrated Resource Plan (IRP) for electricity, with a regional gas master plan, which is currently under development within the the 16-country Southern African Development Community... 

Cradle Arc’s acceleration plan at Mowana copper mine starts bearing fruit

By: Marleny Arnoldi     26th June 2018 Aim-listed copper and gold miner Cradle Arc expects to produce at least 5 700 t of contained copper at its Mowana copper mine, in Botswana, in the second half of this year.  

Kibo sells nickel subsidiary to Katoro as it focuses on energy sector

By: Marleny Arnoldi     22nd June 2018 Aim-listed Kibo Mining has sold its Kibo Nickel subsidiary to Aim-listed Katoro Gold for 15.34-million shares valued at about £200 000.  

Kibo completes maiden Samrec-compliant resource for Mabesekwa

By: Anine Kilian     21st June 2018 Aim-listed Kibo Mining on Thursday reported a maiden South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves-compliant resource of 302.9-million tonnes at its 85%-owned Mabesekwa Coal Independent Power Project (MCIPP), in Botswana. Feasibility studies... 

Gem declares $18.3m in payments to Lesotho, Botswana governments

By: Simone Liedtke     19th June 2018 Gem Diamonds paid just over $18.3-million to the governments of Lesotho and Botswana for extractive activities completed in the financial year ended December 31, 2017. Of this amount, about $18.1-million was paid to the government of Lesotho, with the balance of $230 000 paid to the Botswana... 

Lucara appoints new corporate development VP

By: Anine Kilian     14th June 2018 Ayesha Hira has been appointed VP corporate development and strategy at Vancouver-based diamond miner Lucara.    She will also be integral in assisting the CEO with corporate communications and shareholder relations. 

Metal Tiger, MOD strike more copper in Botswana with regional drilling programme

By: Marleny Arnoldi     12th June 2018 Aim-listed mining investment company Metal Tiger has reported progress at its joint venture project with ASX-listed MOD Resources in the Kalahari copperbelt, in Botswana.  

Botswana coal miner sees opportunity in regional shortages

By: Bloomberg     11th June 2018 Botswana’s sole operating coal mine will increase output almost threefold within seven years as it eyes export opportunities created by a shortage of the fuel that’s used to fire most of southern Africa’s power plants. Morupule Coal Mine in the east of the country will ramp up annual production... 

Diamond industry longevity on the line

By: Paige Müller     8th June 2018 The implementation of enabling mining policies by government is key in safeguarding the South African diamond industry from further decline and a worrying contraction, says Global Diamond Network consultant and industry heavyweight Dr John Bristow. Bristow states that the local diamond mining... 

Botswana Diamonds to buy BCL's stake in exploration project

By: Reuters     7th June 2018 Botswana Diamonds (BoD) wants to buy liquidated BCL Mine's shares in a diamonds exploration joint venture project, its managing director said on Thursday. BCL mine group, which has been under liquidation since 2016, is selling its 51% stake in Maibwe Diamonds for an undisclosed amount. 

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

Metal Tiger to acquire 50% of Kalahari Metals

By: Marleny Arnoldi     6th June 2018 Aim-listed resources investor Metal Tiger has signed a binding investment agreement to acquire up to 50% of Botswana-focused explorer Kalahari Metals (KML) for $1.6-million.  

Botswana Diamonds awarded Mooikloof prospect

By: Marleny Arnoldi     6th June 2018 Aim-listed Botswana Diamonds has been awarded a prospecting licence for the 2.5 ha Mooikloof diamondiferous kimberlite pipe concession, in Limpopo, South Africa.  

BK16 diamond parcels delivered to Lucara lab for cleaning

By: Simone Liedtke     5th June 2018 TSX-V-listed Tsodilo Resources has delivered the first two parcels of diamonds from its BK16 kimberlite project, in the Orapa Kimberlite Field, in Botswana, to Lucara Diamond’s acid cleaning laboratory, in Gaborone, for cleaning. The parcels comprise 101 diamonds weighing 18.57 ct and 130... 

Botswana central bank urges tax reform before diamonds dwindle

By: Bloomberg     4th June 2018 Botswana’s central bank has urged the government to overhaul the southern African nation’s tax regime and prepare the economy for declining contributions from diamonds. Botswana relies on the gemstones for almost a fifth of its gross domestic product and used the revenue generated from sales to... 

Worldwide Orders Make For Bullish Mood

4th June 2018 Condra has received an order for a further overhead crane from Kamoto Copper Company, the copper and cobalt mine in the south of the Democratic Republic of Congo. It is the eighth machine to be ordered by Kamoto Copper from Johannesburg-headquartered Condra in just over a year and, like its... 

South Africa to release new-look renewables bid window in November

By: Terence Creamer     1st June 2018 Energy Minister Jeff Radebe announced on Friday that South Africa would launch a fifth Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) bid window in November with the aim of procuring a further 1 800 MW of renewable energy from independent power producers (IPPs).... 

Currency movements to deliver mixed results for African countries

By: Natasha Odendaal     1st June 2018 The forecast currency movements over the next decade is likely to deliver mixed impacts for African mining operations, with South Africa’s currency expected to depreciate against the dollar over a ten-year horizon. BMI Research’s latest report, ‘Currency movements to 2027: Winners and losers in... 

Lerala diamond mine sells for more than $8m in online auction

By: Marleny Arnoldi     30th May 2018 The Lerala diamond mine, in the Palapye region of Botswana, on Wednesday sold for more than $8-million in an online auction, confirmed liquidity services and auctioneers GoIndustry Dovebid South Africa associate director John Taylor.  

Botswana’s Karowe Mine – home to exceptional diamonds and the second largest diamond in history

30th May 2018 The Karowe Mine, located in northern Botswana, 22km south east of the Orapa Mine, which was discovered three years earlier in 1967 as the nation’s first diamond mine, is wholly owned by Lucara Diamond Corporation and has a remarkable success story in its first five years of production. Between... 

Auctioneer confirms interest in Botswana diamond mine auction

By: Marleny Arnoldi     28th May 2018 Auctioneer GoIndustry DoveBid South Africa will be facilitating the sale of the Lerala diamond mine, in the Palapye region of Botswana, through an online auction, with final bids to close on Wednesday. 

Maatla on track for coal project take-off

By: Melissa Zisengwe     25th May 2018 Coal and energy company Maatla Energy remains on track to start site establishment and construction activities later this year, and production in 2019 at the company’s Mmamabula coal mine, in Botswana. Following the approval of an environmental-impact assessment (EIA) last month, Maatla... 

Diamond evaluation sampling progressing at Botswana BK16 project

By: Melissa Zisengwe     25th May 2018 Some 101 diamonds (18.57 cts), the largest of which was 1.38 ct, were recovered last month from the treatment of the first evaluation samples taken the BK16 kimberlite pipe, which forms part of the Orapa kimberlite field (OKF) in Botswana. Diamond explorer Tsodilo Resources sampling programme... 

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