The 2022 edition of Investing in African Mining Indaba, originally scheduled for February has been moved to May 2022. Organisers of the event said the decision was made following extensive consultation with partners, key stakeholders across the mining value chain and government ministers. “Collectively we decided, due to ongoing challenges …
Read More »Botswana sign MoU with mining firms to fund purchase of covid vaccines
The Republic of Botswana’s government has signed an agreement with De Beers, a diamond mining company, under which the latter will fund the purchase of half a million Covid-19 vaccines for the country. Debswana and Botswana’s Diamond Trading Company also contribute to the venture (DTC Botswana). De Beers Group and …
Read More »Okwa Diamonds purchases Ghaghoo Mine from Gem Diamonds
Gem Diamonds (LON: GEMD), a company focused on Africa, is selling its Botswana subsidiary to Okwa Diamonds, which is owned by Vast Resources (LON: VAST) and Botswana Diamonds (LON: BOD). The mothballed Ghaghoo in central Botswana, which Gem acquired from De Beers in 2007, is Okwa Diamond’s main target. The …
Read More »Demand for green metals spelling good news for Southern Africa
Tin is one of a number of metals causing a stir around the world these days because of its potential to help the world decarbonize. The significance of this trend cannot be overstated. Unlike the previous metals supercycle, which was fueled by the Chinese economy’s urbanization and thus tied to …
Read More »Sales of rough diamonds in Botswana increase by 41%
According to figures released by the Bank of Botswana on Thursday, sales of rough diamonds in De Beers’ Botswana unit increased by 41% in the first half of 2021, owing to the reopening of key markets such as the United States and China. Debswana Diamond Company, a joint venture between …
Read More »Britain’s Firestone agrees to sell Botswana mine to a local firm
Firestone Diamonds, based in the United Kingdom, has agreed to sell its Botswana mine to a local firm for only $50 000, after previous attempts to sell the mine, which was valued at $10 million in 2014, failed. In 2012, Firestone put the BK11 mine on care and maintenance, citing …
Read More »Tsodilo moves on to the next stage after licence renewal
The Botswana Ministry of Mineral Resources, Green Technology, and Energy Security has issued the license renewal for Tsodilo Resources which is valid for two years beginning October 1 this year. The TSX-V company’s renewed licence covers an area that includes the firm’s BK16 kimberlite asset. The diamondiferous BK16 kimberlite pipe …
Read More »Botswana has unearthed third-largest diamond
Debswana, a Botswanan diamond company, announced the discovery of a 1,098-carat stone, the world’s third-largest of its kind. The stone, discovered on June 1, was presented to President Mokgweetsi Masisi in Gaborone on Wednesday. “It is believed to be the third-largest gem-quality find in the world,” said Debswana Managing Director …
Read More »Sandfire makes a key decision towards the development of the Motheo project
Sandfire Resources has granted African Mining Services (AMS), the surface mining division of mining services group Perenti Global, an open-pit mining contract for the T3 pit at its Motheo copper project in Botswana. The deal is worth an estimated $496 million and is the largest single operating contract for the …
Read More »Botswana is the top ranked jurisdiction in Africa on policy
According to the Fraser Institute Annual Survey of Mining Companies 2020 study, Botswana is the most desirable mining policy in Africa. According to the Fraser mining survey’s investment attractiveness index predictor, no country in Africa is ranked higher than Botswana when it comes to improving exploration in investment. Botswana is …
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