"We are privileged to have a team that includes some of the best metallurgists in the world working on optimizing our metallurgical processing and this result is a credit to them," he added.
Friday 5 October 2012
Iron ore find rekindles railway need
In July this year Dr Michiel de Wit, president of Tsodilo Resources, a junior miner listed on the Toronto Stock Exchange in Canada, got up at the Capital Resources annual meeting on the mining sector in Gaborone and said that his company had found "more than a billion tonnes of high-grade iron ore" in northern Ngamiland, not far from Shakawe in northwest Botswana.
DEF Presents $75K Check to Botswana Top Achievers Program
The funds were the result of a ''Salute to Botswana, Diamonds Empower Africa'' event held in Washington, D.C., this past June co-hosted by DEF and the Embassy of the Republic of Botswana. Phyllis Bergman, DEF board president, reaffirmed the importance of the event.
''Botswana is a shining example of the positive impact diamonds have on communities when good governance is coupled with wise management of natural resources. Not only does Botswana manage is natural resources well, it also embraces its most important natural resource, its youth, through the Top Achiever Program. This mirrors the mission of DEF and we are thrilled to contribute to this amazing program,'' Bergman said.
Sandvik appoints Pilot Crushtec exclusive territory distributor
“These are territories we can practically reach at this moment. If there are opportunities further north in Africa, we would look into Kenya, Rwanda, Burundi, but that is only in the future,” Pilot Crushtec CEO Sandro Scherf said.
Pilot Crushtec would take over the regional distribution of Sandvik’s full range of mobile crushing and screening products, facilitating the company’s entry into valuable new markets.
Scherf said that this was “without doubt an onwards and upwards decision”. “Some of our customers are looking for a larger range of equipment, including increased crushing capacities, and we are giving them exactly that.”
By sizing up its range in terms of products and increased output capacities, the new agreement meant that the 20-year Pilot Crushtec and Terex Finlay strategic alliance has now been ended.
“It would be functionally impossible for the company to carry both ranges, but strategies are already in place to cater for current users of Terex Finlay products,” Scherf noted.
Swaziland Consults With Botswana On Diamond Laws
"We consulted with Botswana because we know that this country is one that is moving and developing its mining in a way unlike the rest of Africa where resources are simply shipped out," he said. "Botswana helped in the drafting of the legislation and policies for diamond mining. We invited Botswana as one of the stakeholders we consulted with in the process of updating our policy framework."
Ntshalintshali explained that until 1997, Swaziland used to have an open cast diamond mine, which closed when its operator found the costs of going underground unviable. The regulatory framework and KPCS membership are designed to pave way for the revival of diamond mining activities, said the report.
"We had laws but they became outdated and did not take the prevailing environment and international trends into account," explained the engineer. "We thus had to review these, starting with consultations with the various stakeholders from the public to the industry and others. Botswana came in during these consultations."
Ntshalintshali explained that until 1997, Swaziland used to have an open cast diamond mine, which closed when its operator found the costs of going underground unviable. The regulatory framework and KPCS membership are designed to pave way for the revival of diamond mining activities, said the report.
"We had laws but they became outdated and did not take the prevailing environment and international trends into account," explained the engineer. "We thus had to review these, starting with consultations with the various stakeholders from the public to the industry and others. Botswana came in during these consultations."
Botswana Stock Market Commentary – Week Ending October 5, 2012
Turnover came in at BWP 40.9m in the three day trading week owing to the independence holidays on Monday and Tuesday. Trading was boosted by a block trade of 26m Letshego (flat, BWP 1.40) shares yesterday. Letshego generated 90% of market turnover. Choppies (+1.7%, BWP 1.83) was the lead gainer and New African Properties (-2.3%, BWP 2.10) the lead decliner. The domestic index closed 0.4% firmer at 7,415.
The shortage of fuel surfaced in Gaborone this week as the on-going strike by majority of unionized truck drivers in South Africa hit distribution lines to Botswana. A snap survey of filling stations in the city revealed that most did not have petrol products whilst diesel was also running out. Fuel shortages are reported to have started last Friday. Botswana sources nearly all of its petrol from South Africa with 60% entering the country via and the balance through rail. A report by the ministry of minerals energy and water resources released last week however shows that fuel retailers are increasingly switching to rail.
SPGC hosts Stanbic Bank golf tourney
Banks do not often go to areas where the economy is troubled. It (bank's move) goes to show that there is still hope for the economy of Selebi-Phikwe," said Moitlhobogi, a golfer of note. A golfing teenage sensation Leroy Pearmain, who appears set to dominate the golfing scene for sometime after managing to win an overall gross at the recent Phakalane Independence tournament, will be in the thick of things once again.
Recently, Stanbic Bank sponsored two golf tournaments - the Botswana Investment and Trade Centre (BITC) and Botswana Golf Union (BGU) prizes amounting to P50, 000 and P40, 000 respectively.
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