Botswana

Botswana: Lower mineral revenues expected in 2019

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

Diamond rich Botswana expects mineral revenues in the 2019/20 fiscal year to drop by 4 percent to 13.6 billion pula ($1.26 billion) due to a decline in royalties and dividends, a minerals ministry budget document showed on Thursday.

Africa: Botswana’s president denies report of $600 million diamond-backed loan to Zimbabwe

Posted on March 4, 2019March 4, 2019 by Mozambique Resources Post

GABORONE – Botswana’s president on Friday dismissed a report that the country had offered Zimbabwe a $600 million diamond-backed loan and said his government had only offered to guarantee a $100 million private credit line for Botswana companies to invest in their troubled neighbour.

Africa: Botswana to support Zimbabwe diamond industry with $600m in loans — report

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

Botswana has offered to lend Zimbabwe $600 million to support its diamond industry and local private firms, a state-owned newspaper reported on Tuesday, amid a severe dollar crunch in the southern African nation.

Botswana’s first private coal mine to produce saleable coal in March

Posted on February 1, 2019February 1, 2019 by Mozambique Resources Post

Botswana’s first privately owned coal mine will produce its first saleable coal in March, the chief executive of the company overseeing the project told Reuters. The Masama Coal Mine aims to produce 1.2 million tonnes per annum of coal and will target the South African market as well as other countries in the region, Minergy Chief Executive Andre Boje said. “We should ramp up to the nameplate volume of 300,000 tonnes per month by June/July…

Africa Oil & Gas: Tlou Recommences Drilling at Lesedi

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

Tlou Energy has recommenced production pod drilling on its Lesedi CBM project in Botswana and specialist directional drilling crew and other key personnel are now on site.

Africa Mining: Botswana’s Mowana copper mine suspends operations

Posted on December 12, 2018December 12, 2018 by Mozambique Resources Post

GABORONE – Mowana Mine, Botswana’s only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday.

Africa Energy: Botswana’s Tlou Energy announces excellent Progress at Lesedi CBM project

Posted on November 20, 2018 by Mozambique Resources Post

Tlou Energy, the ASX, AIM and BSE listed company focused on developing gas-to-power projects in southern Africa using coal bed methane (‘CBM’) natural gas from its field in Botswana, has provided an update on drilling operations at the Lesedi CBM project.

Mozambique Mining: Kibo Mining receives funding for Moz Benga project

Posted on July 31, 2018August 2, 2018 by Mozambique Resources Post

Kibo Mining (AIM:KIBO) has received a commitment for £500,000 (US$657,366) in funding via a placement that will be used to expedite feasibility studies at its projects.

Africa Oil & Gas: Tlou Energy to drill Lesedi CBM wells, commencing Q3 2018

Posted on July 19, 2018 by Mozambique Resources Post

Tlou Energy has announced that a recently purchased core drilling rig has arrived onsite at the Lesedi CBM project in Botswana. The rig has low hours and will be ideal for obtaining coal and gas data in regions of sparse geological information, noting that the Company holds 100% of licences covering over 8,000 Km2.

Africa Energy: Botswana cancels plans to sell troubled power plant to Chinese firm

Posted on June 12, 2018 by Mozambique Resources Post

Botswana has scrapped talks to sell a power station plagued by technical problems to a state-owned Chinese company linked to the plant’s builder, an official document seen by Reuters showed.

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