Monday, 2 November 2009
Thursday, 29 October 2009
Monday, 26 October 2009
IAMGOLD Increases 2009 Production Guidance
Assumptions used in the updated 2009 guidance include an annual average price of gold and fuel at $935 per ounce and $60 per barrel, respectively. All dollar amounts are expressed in US dollars, unless otherwise indicated.
Thursday, 22 October 2009
Mmegi Mobile :: UK equity firm starts African expansion in Botswana
A private equity firm focussing on micro-finance and telecommunications will soon open an office in Gaborone as part of its expansion into the African continent.
The UK's Ariya Capital, a private equity firm specialising in sustainable investments in frontier markets, says it has already sourced manpower for the project that will see it join the few private equity firms that already operate in Botswana."
The UK's Ariya Capital, a private equity firm specialising in sustainable investments in frontier markets, says it has already sourced manpower for the project that will see it join the few private equity firms that already operate in Botswana."
Wednesday, 21 October 2009
Monday, 19 October 2009
Botswana’s Khama Must Wean His Country Off Diamond Dependence - Bloomberg.com
"Khama, whose Botswana Democratic Party won 45 of the 57 seats in parliament in the Oct. 16 general elections, is presiding over an economy that will contract 10.3 percent this year, according to the International Monetary Fund, because of a slump in demand for diamonds caused by the worst global recession since World War II."
Sunday, 18 October 2009
Botswana Ruling Party Claims Victory in Elections (Update1) - Bloomberg.com
"Oct. 17 (Bloomberg) -- Botswana’s ruling party, which has governed the world’s biggest diamond-producing nation for more than four decades, claimed victory in parliamentary elections, as electoral officials continued counting ballots."
Botswana Sept inflation quickens to 7.0 pct yr/yr | Reuters
"JOHANNESBURG (Reuters) - Botswana's consumer inflation quickened to 7.0 percent year-on-year in September from 6.1 percent in August, the Central Statistics Office said on Thursday."
Mining - Hong Kong investment firm eyes Botswana for uranium | Moneyweb
"As China's hunger for resources at home increases, China Growth Minerals (CGM) has been mandated to invest in mineral projects across the world and it is doing so. CGM is eyeing Botswana's numerous uranium deposits. It has reached an agreement to acquire 6.34% or 5.92m shares of Australia's Impact minerals."
UPDATE 1-African Copper resumes concentrate shipments | Reuters
UPDATE 1-African Copper resumes concentrate shipments | Reuters: "UPDATE 1-African Copper resumes concentrate shipments"
Wednesday, 8 July 2009
The reality behind Africa's 'blood diamond' trade - December 11, 2006
The reality behind Africa's 'blood diamond' trade - December 11, 2006: "But the system is hardly flawless, even in the U.S. In September the U.S. Government Accountability Office found that Customs and Treasury officials were only haphazardly enforcing the system, leaving companies to monitor themselves. Last year about 300,000 more carats were exported from than imported to the U.S. - which produces no commercial diamonds itself. Representatives from all 71 countries met last month in Botswana to try to tighten loopholes and squeeze out nonmembers. 'There are fewer and fewer countries left that nonmembers can trade with,' says Sue Saarnio, the U.S. State Department's representative to the November conference."
Petra Forecasts a Further Recovery in Prices of Gems (Update2) - Bloomberg.com
Petra Forecasts a Further Recovery in Prices of Gems (Update2) - Bloomberg.com: "Petra rose 9.3 percent, the most in a month, in London trading. Gem prices will “slowly and gradually strengthen,” the St. Helier, Jersey-based company said today in a statement, after a rebound of about 25 percent in the market for so-called rough diamonds from lows reached earlier in 2009. Trading conditions remain “challenging” for now, Petra said."
Silobreaker: Fact Sheet for Imara Holdings Limited
Silobreaker: Fact Sheet for Imara Holdings Limited: "Imara Holdings Limited is a Botswana-based company. The Company is a holding company of a group of companies conducting stock broking, asset management and corporate finance activities for institutions and private clients. The Company has operations at Botswana, British Virgin Islands, South Africa and the United Kingdom. As of January 31, 2006, the Company acquired 69.27% of CF Africa Limited. The subsidiaries of the Company are Africa Investments Limited, Imara Capital Botswana (Pty) Limited, Imara Capital Limited, Imara Capital South Africa (Pty) Limited, Imara Asset Management Limited, Imara Asset Management (Pty) Limited (Botswana), Imara Asset Management UK Limited, Imara Botswana Limited and Imara Trademarks (BVI) Limited."
Mining industry of Botswana - Wikipedia, the free encyclopedia
Mining industry of Botswana - Wikipedia, the free encyclopedia: "The mineral industry of Botswana has dominated the national economy since the early 1990s. Diamond has been the leading component of the mineral sector since large-scale diamond production began 25 years ago. Most of Botswana’s diamond production was of gem quality, which resulted in the country’s position as the world’s leading producer of diamond by value. Copper, gold, nickel, and soda ash production also has held traditionally significant, though smaller, roles in the national economy. In 2005, mining accounted for about 38% of Botswana’s real gross domestic product (GDP), and more than 50% of Government revenues were derived from mining and mineral-processing activity. In 2005, the nominal value of minerals produced in Botswana exceeded that of 2004 by about 20% in terms of the United States (U.S.) dollar. Much of the increase was attributed to higher international mineral prices. Diamond, copper-nickel matte, and gold, in order of value, accounted for most of the increase.[1]"
Mmegi Online :: Investor confidence returning to markets-analyst
Mmegi Online :: Investor confidence returning to markets-analyst: "The Domestic Companies Index (DCI) has started the second half of the year on a winning streak with an improvement in volumes across the board, and according to an analysis by Motswedi Securties, this reflects an improvement in investor confidence in the market."
Sunday, 5 July 2009
Mmegi Mobile :: Stanbic partners with Russian investment group
Mmegi Mobile :: Stanbic partners with Russian investment group: "Stanbic Bank Botswana's parent company, Standard Bank of South Africa, recently entered into yet another strategic partnership with Russian investment giant, Troika Dialog Group."
Thursday, 2 July 2009
allAfrica.com: Botswana: Trade Deficit Eases As Diamond Sales Pick Up (Page 1 of 1)
allAfrica.com: Botswana: Trade Deficit Eases As Diamond Sales Pick Up (Page 1 of 1): "Botswana's trade deficit has started to ease-off as diamond sales pick-up on the back of renewed hopes of an economic recovery."
Rants, Raves & Reviews: Olympia Capital Holdings Ltd - Cautionary Statement
Rants, Raves & Reviews: Olympia Capital Holdings Ltd - Cautionary Statement: "Olympia Capital Holdings Limited (OCHL) owns 51% of Olympia Capital Corporation Limited (OCC), a company listed on the Botswana Stock Exchange. In December 2006, OCC purchased 74% of Plush Products (pty) Limited (Plush)."
Botswana cuts bank rate as economy struggles
Botswana cuts bank rate as economy struggles: "Botswana's central bank cut its main lending rate by 150 basis points to 11,5 percent on Tuesday, citing the decline in global economic activity and weaker domestic output."
Tuesday, 30 June 2009
Botswana Mining Report Q2 2009 - Agriculture, Farming & Raw Materials Market Report
Botswana Mining Report Q2 2009 - Agriculture, Farming & Raw Materials Market Report: "Exploitation of rich mineral reserves, especially diamonds, has been a significant driver behind Botswana’s rapid economic growth. Notably, the mining sector of Botswana contributes in double digits to the country’s GDP. Diamonds, along with copper and nickel, are the major focus areas in metal and mineral exploration, and earn more than three-quarters of the country’s export revenues."
Stock Market Quotes Business News Financial News investor news investors - Cardia Technologies' mining unit has promising uranium results in Botswana - Cardia Technologies
Stock Market Quotes Business News Financial News investor news investors - Cardia Technologies' mining unit has promising uranium results in Botswana - Cardia Technologies: "Cam Bow, Botswana based subsidiary of Cardia Technologies (ASX: CNN), holds 11 uranium and base metal prospecting licences."
Mmegi Online :: Chinese Burst Onto Botswana Mining Scene
Mmegi Online :: Chinese Burst Onto Botswana Mining Scene: "Statistics from the Department of Geological Services (DGS) indicate that 111 Chinese private entities currently hold exploration licences in Botswana, up from nearly zero four years ago."
IAMGOLD Confirms Option Agreement on La Arena and Equity Position in Mexican Silver Mines Ltd. - MarketWatch
IAMGOLD Confirms Option Agreement on La Arena and Equity Position in Mexican Silver Mines Ltd. - MarketWatch: "TORONTO, ONTARIO, Jun 29, 2009 (MARKETWIRE via COMTEX) -- IAMGOLD Corporation ('IAMGOLD' or 'the Company') /quotes/comstock/11t!img (CA:IMG 11.95, +0.12, +1.01%) /quotes/comstock/13*!iag/quotes/nls/iag (IAG 10.39, +0.09, +0.87%) (BOTSWANA: IAMGOLD) today announced it has acquired 8,024,511 common shares and 1,500,000 warrants of Mexican Silver Mines Ltd. ('Mexican Silver'), having had the same number of common shares and warrants of Rio Alto Mining Limited ('Rio Alto') immediately prior to the amalgamation with Mexican Silver announced on June 29, 2009."
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