Tuesday, 19 April 2011
Stocks to watch
Stocks to watch: "The world's biggest contract miner Leighton Holdings has won a $US586 million diamond mining services contract in Botswana as part of a joint venture."
IAMGOLD's Essakane Mine Continues to Operate Without Interruption in Burkina Faso
"'It is business as usual. We have not had any disruption to the Essakane operation. We have had no interruptions to our supply chain. More importantly, all of our employees, including 1,800 Burkinabe nationals, are safe and going about their normal routines."
Analysts recommend G4S Share split
"'Investors are currently facing market liquidity constraints with G4S,' says the research note. 'With only 8 million shares in issue, lack of transferability remains a concern. 'This is further worsened by the fact that the company's share price of P34.30 is too high, rendering it unaffordable for retail investors. We believe a 10 for 1 share split would help promote transferability and liquidity, as well as facilitate the acquisition of the company's shares by small investors.'"
African Mobile Broadband, Data and Mobile Media Market - Market Research Reports - Research and Markets
"This annual report offers a wealth of information on the mobile broadband and data market in 38 African countries as well as the emerging market for mobile content, applications and media on the continent. Subjects covered include:
- Mobile data services – SMS, MMS, WAP, GPRS, EDGE, 3G, 3.5G, 4G;
- 3G and 4G mobile broadband technologies – WCDMA, HSPA, EV-DO, LTE;
- Statistics, trends and analysis;
- Major market players;
- Mobile content, applications and media;
- Mobile TV;
- Location-based services;
- M-commerce, m-payments, m-banking.
The countries covered in this report include: Algeria, Angola, Benin, Botswana, Burkina Faso, Cameroon, Chad, Cote d’Ivoire, Democratic Republic of Congo, Egypt, Ethiopia, Gabon, Gambia, Ghana, Guinea, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Tunisia, Uganda, Zambia, Zimbabwe."
- Mobile data services – SMS, MMS, WAP, GPRS, EDGE, 3G, 3.5G, 4G;
- 3G and 4G mobile broadband technologies – WCDMA, HSPA, EV-DO, LTE;
- Statistics, trends and analysis;
- Major market players;
- Mobile content, applications and media;
- Mobile TV;
- Location-based services;
- M-commerce, m-payments, m-banking.
The countries covered in this report include: Algeria, Angola, Benin, Botswana, Burkina Faso, Cameroon, Chad, Cote d’Ivoire, Democratic Republic of Congo, Egypt, Ethiopia, Gabon, Gambia, Ghana, Guinea, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritius, Morocco, Mozambique, Namibia, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Tunisia, Uganda, Zambia, Zimbabwe."
ThePoor waste management led to tannery Closure'
"'The BMC Wetblue Tannery was closed in 2006 due to a number of long term threats to its financial viability, particularly associated with the management of waste from the facility. Wetblue processing uses a considerable amount of chemicals that are toxic to the environment (eg Chronium),' Assistant Minister of Agriculture Oreeditse Molebatsi said."
Basil Read wins JV Mining Services Contract for Debswana Diamond Mine
Ba"The South African construction company Basil Read has announced that the Majwe Mining Joint Venture, which consists of Basil Read Mining, Leighton International and Bothakga Burrow Botswana, has secured a five-year multi-billion rand mining services contract at the Debswana diamond Mine in Botswana."
Botswana seeks regional beef markets
"The Botswana Meat Commission says it is looking look for alternative beef markets in the Southern African region after the European Union temporarily stopped imports starting in March this year.
Exports to EU markets are expected to resume after six months when the commission should have sorted out concerns raised by the European bloc.
Reports indicate that the suspension of exports is taking a heavy toll on BMC's finances, threatening the livelihoods of the plus-1 000 workers, and the prices paid to ranchers.
Official statistics show that the BMC exported products worth P868.8 million primarily to the EU last year, supporting export parity payments to more than 6 000 farmers and propping up tens of thousands of dependents, support industries."
Exports to EU markets are expected to resume after six months when the commission should have sorted out concerns raised by the European bloc.
Reports indicate that the suspension of exports is taking a heavy toll on BMC's finances, threatening the livelihoods of the plus-1 000 workers, and the prices paid to ranchers.
Official statistics show that the BMC exported products worth P868.8 million primarily to the EU last year, supporting export parity payments to more than 6 000 farmers and propping up tens of thousands of dependents, support industries."
Group eyes neighbouring markets
Funeral Service Group’s continued impressive performance within Botswana’s boundaries in 2010 is expected to catapult, the Group’s activities in neighbouring markets this year, the company has said.
Botswana’s Government Says It Will Not Pay Striking Workers
Botswana’s government won’t pay state employees who begin a strike over pay today, Festinah Bakwena, director of the Department of Public Service Management, said on state television yesterday.
The workers are demanding a pay rise of 16 percent while the government has offered 5 percent. Botswana’s annual inflation was unchanged at 8.5 percent in March.
ANT Steel plans rebar mill in Botswana
Local media reported that an Indian delegation hosted by the Botswana Export Development and Investment Authority said that it is very keen to set up thermal power stations and steel manufacturing companies in Botswana.
Friday, 8 April 2011
Sono Resources Announces Management and Board Appointments
Sono Resources Inc. (OTCQB: GVRS) (www.sonoresourcesinc.com) announced that the Company has appointed Peter Wilson as President and Director, William D. Thomas as CFO and Director and Paul Robert Lindsay as a Director of the Company. During the past 20 years, Mr. Wilson lead the management of several public companies through his private investment firm which is based in Vancouver, Canada. His experience spans a wide range of property negotiations, but primarily the financings of companies in the mining, energy and real estate industries. His business experience includes international assignments in the United Kingdom, Canada, the United States, Switzerland and Norway.
Monday, 4 April 2011
CIC’s buyout by JSW in doubt
IOL.co.za: "CIC Energy Corp said the Botswana government had declined to renew one of its two mining licenses there which could derail a buyout of the Canadian coal miner by Indian power utility JSW Energy Ltd. CIC's shares fell 16 percent. The company said it was discussing the new developments in Botswana with JSW Energy, and the deal will not go through unless the latter waives a license renewal condition. Last November, CIC had agreed to a C$422 million, or C$7.42 a share, buyout offer from JSW Energy, subject to its getting both its Mmamabula East and Mmamabula South mining licenses renewed in Botswana. The buyout offer comes at a time when Indian firms are scouting coal assets overseas to fire up power plants at home, looking to benefit from the energy-hungry nation's aim to halve its nearly 14 percent peak-hour power deficit within two years."
Friday, 25 March 2011
Botswana Diamonds gets licence in Cameroon
Botswana Diamonds has been awarded an 8,087 square kilometre diamond exploration reconnaissance licence in Cameroon.
The concession is held 85% by Botswana Diamonds and 15% by local Cameroon partners.
The reconnaissance licence is for an initial period of 12 months with an automatic right to a one-year extension on performance of the agreed work programme - including sampling, geochemical work and geological mapping.
Following completion of the agreed work, Botswana Diamonds can apply for one or more multi-year exploration licences of up to 1,000 square kilometres each.
The concession is held 85% by Botswana Diamonds and 15% by local Cameroon partners.
The reconnaissance licence is for an initial period of 12 months with an automatic right to a one-year extension on performance of the agreed work programme - including sampling, geochemical work and geological mapping.
Following completion of the agreed work, Botswana Diamonds can apply for one or more multi-year exploration licences of up to 1,000 square kilometres each.
Botswana's Economy to Grow 10-12% This Year, Mohohlo Says
Botswana's economy may expand by 10 percent to 12 percent this year on a recovery in world diamond demand, said Linah Mohohlo, the governor of the country's central bank.
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/03/23/bloomberg1376-LII5T36TTDSA01-0R5L81BDJ999H4BNL11IVELFHI.DTL#ixzz1HbwFQ9FYGIA Offers Diamond Grading Classes in Gaborone
The Gemological Institute of America (GIA) will offer diamond grading lab classes in Gaborone, Botswana, in April and again in September. These classes offer a practical, hands-on approach to learning and are designed to help students in Botswana increase chances for employment and career development within the diamond production industry.
Thursday, 24 March 2011
Wednesday, 23 March 2011
Australian Junior unearths large zinc anomaly in Botswana
Mineweb
Mt. Burgess has identified a large zinc soil geochemical anomaly on its Kihabe-Nzuu base metals prospect in Botswana.
Mt. Burgess has identified a large zinc soil geochemical anomaly on its Kihabe-Nzuu base metals prospect in Botswana.
Saturday, 19 March 2011
What's ahead for the stock market
Events in Japan, Libya and Bahrain will certainly continue to affect markets. Investors will also pay close attention to quarterly results from Tiffany, General Mills, Best Buy, Oracle and Research In Motion.
Thursday, 17 March 2011
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