Botswana: Lower mineral revenues expected in 2019

Botswana: Lower mineral revenues expected in 2019

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.

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

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

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.

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

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

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…

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

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

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.

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

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.  

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