Archive for November 2nd, 2007

source: Mining Weekly

By: Martin Creamer
Published: 2 Nov 07 – 10:50
A “new diamond dream” is unfolding in Botswana.

Debswana chairperson Dr Akolang Tombale and many members of government have been focused on “this new dream”, said De Beers MD Gareth Penny in his speech to ululating guests at last week’s celebration in Botswana, held to mark a quarter century of mining at Jwaneng, the world’s richest diamond mine, in a country where diamonds account for 70% of export earnings.

It’s a “new dream” of 3 000 jobs, of 16 factories and of $550-million-plus worth of diamonds that will be cut and polished in Botswana, which supplies a quarter of the $13,1-billion worth of rough diamonds produced in the world each year, said Penny.

It’s also a “new dream” of moving the centre of [continue reading]

source: Mmegi


FRANCISTOWN: IAMGold is currently looking at further ore deposits around its mining entity, Mupane Gold Mine, to prolong its life span.

This emerged at the ongoing Environmental Impact Assessment (EIA) stakeholders’ consultations regarding mining deposits at Signal Hill, 15 kilometres south-east of Mupane.

The Country Manager of IAMGold in Botswana, Isaac Mangole, said Monday at Tati River Lodge that Mupane is running out of gold and has about three years left in its lifespan.

Mangole said IAMGold is aiming to start mining the [continue reading]

source: Mmegi


Energy officials at the Ministry of Minerals, Energy and Water Resources say they will issue a statement on fuel prices soon, leading observers to warn of a possible price increase.

The Acting Director in the Department of Energy Affairs, Kesetsenao Molosiwa, said Tuesday that he could not say when his department would make the announcement.

If it is made, the announcement would be a departure from the news blackout on fuel price increases a few months ago.

Molosiwa said in an interview that he was concerned about high crude oil prices on international markets. He said in [continue reading]

source: SW Radio Africa

By Tererai Karimakwenda
01 November, 2007

The controversial Bill that combines the presidential, parliamentary and council elections in Zimbabwe next year, and allows Robert Mugabe to pick a successor should he retire mid-term, has finally been signed into law. A government gazette has announced that the constitutional changes stipulated in the Bill came into effect on Tuesday. Civil groups have criticized the Bill from the beginning, saying the people of Zimbabwe were betrayed because they were not consulted.

Known as the Constitutional Amendment Bill #18, this legislation is a compromise deal that resulted from the ongoing mediated talks between Mugabe’s ruling ZANU-PF party and both factions of the opposition MDC.

Mugabe gave up his power to appoint members to parliament’s lower house, which was increased from 150 members to 210. The number of Senators in the upper house was also increased from 84 to 93. And Parliament was bestowed the power to elect a new leader, should the incumbent not be able to complete the term. Analysts say this is where Mugabe gained the most, because his [continue reading]

source: Mmegi


Chairman of the Public Enterprises Evaluation and Privatisation Agency (PEEPA), Blackie Marole says he has no knowledge of a cabinet resolution seeking to reconstitute the board of the government advisory agency.

Marole’s denial comes in the background of reports reaching Mmegi to the effect that lawyer, Parks Tafa, Botswana Housing Corporation’s chief executive officer, Reginald Motswaiso and Irene Tlhase have not been appointed again to the PEEPA board. “I will have to check the records because we are twelve in all,” he stated. He further disclosed that nobody could quit the board without his knowledge.

He pointed out that if there were any developments at PEEPA, the board secretary would [continue reading]