Latest News for: Botswana mining


ABC, easy as 1-2-3

The Voice Botswana 11 May 2021
The West African outfit intends to turn BancABC into one of the top three biggest commercial banks in Botswana – currently, ABC is ranked 5th largest of the country’s ten registered banks ... He explained Access was attracted to Botswana by various factors, including quality sovereign rating and low corruption.

Lucara ‘bounces back’ in Q1 on healthier diamond market

Mining Dot Com 10 May 2021
All production came from Lucara’s sole producing asset, the Karowe diamond mine in Botswana ... Beginning in the second quarter of 2020, all specials mined from Karowe have been sold to HB Antwerp ... Lucara secured a 25-year extension to its Karowe mine licence late last year to 2046.

Botswana: Electra Mining Cancels Expo

All Africa 10 May 2021
Gaborone -- Botswana's leading Mining, Industrial and Occupational Health and Safety Expo, that was to be held on September 14-16, has been cancelled ....

Lucara Sales Jump as Supply Deal Pays Off

Diamonds Net 09 May 2021
RAPAPORT... Lucara Diamond Corp ... Revenue jumped 56% year on year to $53.1 million for the period, the miner reported Thursday ... Lucara, which sources its diamonds from the Karowe mine in Botswana, saw a 46% jump in the average selling price to $579 per carat, reflecting the shift to higher-value goods and stronger overall prices ... The Karowe mine ... .

Tlou Energy advances clean energy mega-projects

Mmegi Online 07 May 2021
The project already has a mining licence and Tlou is finalising off-take arrangements with the Botswana Power Corporation as well as financial transactions with funders. The company, however, is broadening its scope to create a clean energy district in Central Botswana over its prospecting licences which cover nearly 10,000 square metres.

Diamond demand in China directly benefits Botswana: De Beers

People Daily 07 May 2021
De Beers Group, which has a 50/50 mining joint venture, called Debswana, with Botswana government, sells rough diamonds discovered in Botswana through its Global Sightholder Sales business to leading international diamond dealers who in turn cut and polish those diamonds for ultimate sale to consumers in markets such as China.

Lucara secures $220m for Botswana diamond mine expansion

Mining Weekly 06 May 2021
... of $50-million for the ongoing operation of the Karowe openpit mine, in Botswana.

Ghana ranked 2nd in Mining Risk/Reward Regulation Index

Joy Online 05 May 2021
Ghana is ranked 2nd in the latest Mining Risk/Reward Regulation Index in Sub Saharan Africa ... Botswana is ranked number one in the Mining Risk/Reward Regulation Index in Sub Saharan Africa, while Namibia, South Africa and Guinea are placed 3rd, 4th and 5th respectively.

MARKET REPORT: Footsie pushes past 7,000 for the first time since April last year on ...

The Daily Mail 05 May 2021
Recovery hopes ... RELATED ARTICLES. Previous 1 Next ... Share ... ‘It slowly sunk in that what she was actually saying was a positive about the US economy and its return to growth this year.’ Stock Watch - Botswana Diamonds. Mining tiddler Botswana Diamonds soared after it discovered more diamonds at its site at Thorny River in northern South Africa ... No fees ... .

De Beers Sight Sees Strong Demand, Low Supply

Diamonds Net 05 May 2021
RAPAPORT... Rough-diamond demand was robust at this week’s De Beers sight despite the ongoing Covid-19 crisis in India, customers reported ... It has suffered operational difficulties at some of its Botswana deposits, exacerbated by a temporary shutdown at its Gahcho Kué mine in Canada ... Less manufacturing ... “You can sell whatever you want.” ... Image ... .

Pandora shuns diamond mines for lab-grown gems because they are cheaper and more sustainable

The Daily Mail 04 May 2021
Boss Alexander Lacik said ditching mined diamonds was 'the right thing to do', adding ... He estimates they can be made for around a third of the price to mine the stones ... to mine the stones ... Diamonds are mined in countries including South Africa, Botswana, China, Russia and Canada.

BancABC Botswana pledges more ownership to Batswana

Mmegi Online 30 Apr 2021
Botswana Stock Exchange (BSE) listed BancABC Botswana says over time it will accord citizens and local investors more opportunity to own its shares, BusinessWeek has learnt ... “We plan to develop industry focus to support and promote the Botswana economy like green energy, sustainable mining,” he said.

De Beers Weighs Taking Jwaneng Underground

Diamonds Net 28 Apr 2021
De Beers is considering underground mining at its Jwaneng open-pit deposit in Botswana as a “likely approach” to extending the life of the world’s most valuable diamond mine beyond the mid-2030s. “The underground mining project is still in the study phase and is yet to be approved,” a De Beers spokesperson said Tuesday in an email to Rapaport News.

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