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1-10 results from 1000 for query «mining»

January 14, 2019 4:00 AM Lucara targets P2bn sales from Karowe

Should the diamond miner hit its target, the revenues would be higher than the 2018 forecast of US$180 million. Lucara has become globally renowned for the discovery of exceptionally large diamonds at its Karowe Mine in Letlhakane, particularly the famous Lesedi la Lone, the second biggest rough diamond ever discovered, dug up in November 2015. Eira Thomas 1278

January 14, 2019 4:00 AM Higher SACU receipts help trim 2018/19 deficit

Last February, Finance Minister, Kenneth Matambo projected a deficit of P3.6 billion, revising this in September to P4.6 billion, mainly due to revenues being diverted to Debswana mega-projects. Government, as a shareholder in Debswana, has funding obligations to the diamond miner’s upcoming projects, which include Cut 9 at Jwaneng and Cut 3 in Orapa 1252

December 3, 2018 4:00 AM Debswana to unveil Cut 9 contractor

Cut 8, involving the expansion of Jwaneng Mine pit at a cost of more than US$3 billion, was previously the single largest contract for a mine in Botswana. Majwe Mining, a joint venture amongst three major contractors, scooped the Cut 8 contract running it from 2011 to 2016, with a further two-year extension to 2018. The latest contract, a further expansion 126

November 21, 2018 9:38 AM Minergy seeks P70m to finalise Masama

Minergy is developing Masama Coal Mine, which early next year will be Botswana’s second colliery and the first open cast coal mine in the country. The mine and associated coal wash plant, are being developed 50 kilometres northwest of Gaborone and will involve the export of an initial one million tonnes per annum into South Africa. Masama is estimated 169

June 29, 2018 1:24 PM Suspect in the Desert race murder arrested

The suspect was arrested on Wednesday evening at Lotlhakane village after a tip-off from members of the public. The police had earlier on aired a clip on Botswana Television showing the suspect’s photo and pleading with members of the public to assist towards his arrest. Interestingly, a few minutes after the 7pm news, the police had already received 159

June 12, 2018 4:00 AM Botswana Cannot Meet Blood Transfusion Demand

Nyangabgwe Referral Hospital superintendent, Dr Mareko Ramotsababa said that in January alone the northern blood transfusion centre needed 18,700 units of blood to be immediately transfused to patients, but only 9,500 units were secured. He said at a blood donation campaign in the former mining town on Thursday that the crisis forced the then Minister 134

May 28, 2018 4:00 AM Gov't approaches capital market to borrow P1.15bn

Each quarter, the Bank of Botswana (BoB) holds auctions of bonds and six-month treasury bills on behalf of government under the P15 billion note issuance programme which dates back to February 2011. While the funds raised at the auctions are generally used for government budgetary support, the note issuance programme is also designed to develop and support 81

April 20, 2018 2:00 PM Makwala, Montsho, Thebe take home P600,000

The 400m runners won gold in their individual races, which earned them a cool P100, 000 from the government’s athlete incentive scheme. Baboloki Thebe was the second highest earner after Makwala, pocketing P220, 000. Makwala received a further P100,000 after anchoring the men’s 4x400m relay to gold, and another P50,000 from Debswana for his gold in the 400m. Debswana 179

April 17, 2018 4:00 AM Lucara Recovers 472 Carat Diamond

The new discovery follows the world’s second largest gem quality diamond found at the same mine two years ago. The 1,111-carat stone was recovered from its Karowe mine, about 500 km north of the capital, Gaborone. The stone is also the sixth largest gem quality diamonds ever mined. According to the Global Mining Observer, Lucara Diamond Company insured 170

April 9, 2018 4:00 AM Three firms make offers for Tati Nickel

TNMC liquidator, Nigel Dixon-Warren has in recent months been trying to sell the Mine to no avail. Prospective buyers have in the past either pulled out before sale negotiations could take off or failed to put convincing offers to buy the Mine, which closed in October 2016. “The indicative offers are more promising than the previous ones we have had. One of the three 135