Archive for July 30th, 2008

source: Telegraph
By Felix Lowe
Last Updated: 3:31pm BST 29/07/2008

De Beers, the world’s leading diamond miner, has opened its first two mines outside of Africa – but faces legal action in Botswana over a shareholder disagreement.

The mines at Snap Lake and Victor, in Canada’s Northwest Territories and Northern Ontario respectively, cost over a $1bn each to build and are expected to produce two million carats per annum.

Nicky Oppenheimer, chairman of the De Beers Group, said: “This is an exciting moment in the history of De Beers. Never before have we opened two mines at the same time and never before have we opened a mine outside of Africa.”
# De Beers warning as demand slows

In line with the group’s beneficiation policy, De Beers will make available for sale 10pc, by value, of diamonds from the two mines for local cutting and polishing.

Canada is the world’s third largest diamond producer, based on [continue reading]

source: Mmegi
Staff Writer

SELEBI-PHIKWE: As part of his countrywide tour to meet the people, President Ian Khama last Saturday took to the streets of Selebi-Phikwe East constituency.

The president started off at Ikageleng before he headed to Botshabelo where he addressed a Kgotla meeting. Multitudes of Botshabelo residents thronged the Kgotla to meet the head of state. The turnout was overwhelming and people seemed to enjoy the meeting as nobody left before the meeting was over like it usually happens with other meetings.

They enjoyed the President Kama’s speech so much that there were frequent ululations and cheers in between his presentation. In fact there was a near stampede when President Khama walked into the Kgotla as everyone was eager to at least catch a glimpse of him if not to shake hands with him.

Addressing the meeting, Khama said it does not necessarily mean that as president he knows everything around the country, hence it is [continue reading]

source: BOPA
28 July, 2008

SEROWE – The Minister of Communications, Science and Technology, Mrs Pelonomi Venson-Moitoi says her ministry has put the idea of community radio stations on hold until the nation is ready for them.

She told kgotla meetings at Mmashoro and Tshimoyapula last week that though the proposal was mooted with well intentions there were indications that it could cause more harm than good.

The Minister previously toured the country to among others brief the nation on the idea, which was received with divergent views. Some people including some parliamentarians welcomed it while others were fearful it would divide the nation, as it was the case in other countries.

Mr Leposo Mosarwe of Tshimoyapula welcomed the Ministers stance, arguing that he never supported the [continue reading]

source: Mmegi
Staff Writer

Buyers continue to outweigh sellers at the Botswana Stock Exchange (BSE) as investors seek to hedge their funds against the ever-rising inflation rate.

Although the pressure has not been persistent or strong enough to warrant a bull run yet, the mainstream DCI has been making good recoveries from the heavy losses it experienced in the last quarter of 2007 and the first quarter of this year.

Inflation, at 14.5 percent for the month of June, has been a strong driver of share prices on the bourse as more and more fund holders chase stocks in a bid to safeguard the purchasing power of their money.

Although last week was short due to the Presidents’ Day holidays, the DCI surged further ahead, adding [continue reading]

source: BOPA
28 July, 2008

GHANZI – Government has increased the Self Help Housing Agency (SHHA) loan from P20 000 to P45 000 and the repayment period from 10 to 20 years.

Addressing a kgotla meeting at Kacgae in the Ghanzi area recently, agriculture minister, Mr Christian De Graaff said the loan will be interest free, but arrears will attract a 10 per cent interest.

The annual income of an applicant has been increased to P36 400 in order to cover more people. Turning to other issues, Mr De Graaf advised Batswana to bid for the 15 state farms advertised in the Government Gazette, adding that more farms will follow as the identification of un-utilised farms continues. He said boreholes will be drilled free of charge in farms within 30km radius that lack water.

Alternatively, they will be provided with water from un-used boreholes. Mr De Graaf informed Kacgae residents that Ghanzi South will be provided with amenities, including telephones, electricity in some villages, as well as tarring and [continue reading]

source: SW Radio Africa
By Violet Gonda
29 July 2008

The talks – who knows what is true?

There was widespread media confusion on Monday night when an alleged “leaked” report claimed the talks had ended in a deadlock. According to some reports a senior official in the Tsvangirai MDC negotiating team had fallen for a trap and leaked a “false story” to the international media. claimed that Theresa Makone, the controversial leader of the MDC Women’s Assembly, was the leak for the “fake story” published by the world media saying the Pretoria talks had ended in a deadlock.
The saga became more dramatic when the online newspaper reported that Makone was allegedly set up, under the instigation of Tendai Biti – the head negotiator from her own party. It’s reported the talks broke down over Zanu PF’s insistence that Morgan Tsvangirai would be a third Vice President in a unity government.

There has been no statement from the MDC to refute these allegations. Mbeki’s spokesman then said that the talks were progressing well, leaving journalists completely confused.

Some commentators have said that while a media blackout may be necessary to reach [continue reading]

source: IOL
July 29 2008 at 08:07PM

By Peter Apps

London – South Africa stopped supplying electricity to its northern neighbour Zimbabwe “several months ago”, the chief executive officer of state electricity firm Eskom told Reuters on Tuesday.

Jacob Maroga said there was no political motive behind the shift. Zimbabwean President Robert Mugabe has long been criticised by a string of western countries, particularly after the opposition pulled out of a June presidential election run-off citing violence.

“It is simply a contractual issue,” he told Reuters in an interview in London. “They had been paying for their electricity in advance. They simply stopped making new orders.”

Some Mugabe critics had also attacked South African President Thabo Mbeki, saying he was too soft on Zimbabwe and that South African electricity exports were helping him stay in power.

Maroga said Zimbabwe had shifted “two or three years ago” to paying for its electricity in advance, but earlier this [continue reading]

source: Mmegi

Botswana appealed for international help on Sunday to ease the impact of an influx of Zimbabweans whom it says are draining its resources.

“The influx of Zimbabweans, whether there is or there is no government (in Harare), is an issue to be dealt with,” Foreign Minister Phandu Sekelemani said on South African public broadcaster SA FM.

“We ask the international community to help us because it is a drain on our resources,” he said.

“Even after the failed presidential (June 27) run-off, we have more 215 who crossed last week… But we cannot turn them back once they qualify” for refugee status.

According to government sources late last year, Botswana was playing host to an estimated 250,000 Zimbabweans — a number that was growing as [continue reading]

source: SW Radio Africa
By Lance Guma
29 July 2008

Ongoing talks between ZANU PF and the MDC have failed to stem the tide of political violence rocking the country since the March 29 elections. Although the levels of violence have gone down, ruling party militia bases remain in place and thugs loyal to Mugabe continue to launch sorties on suspected opposition supporters. Newsreel understands 3 opposition activists have been killed since the talks began. No details were immediately available, although it has been suggested one of the victims died from injuries sustained in a ZANU PF attack before the talks.

In Buhera South over 17 MDC activists were badly beaten by militia around the 17th July. The injured remain marooned in the area with army Colonel Morgan Mzilikazi blocking their transportation to hospital. The MDC recently sent vehicles to try and collect the injured, but as happened in areas such as Gokwe, the militia have sealed it off thereby blocking access for aid groups, journalists or those wanting to provide medical treatment. Further highlighting the tensions in the area, the local MP for Buhera South Naison Nemadziva, remains holed up in Mutare fearing for his safety.

The MDC MP elect for Makoni South, Pishai Mucharauya, told Newsreel that on Monday their

source: Market Watch
Last update: 8:32 a.m. EDT July 29, 2008

VANCOUVER, BRITISH COLUMBIA, Jul 29, 2008 (MARKET WIRE via COMTEX) — Hana Mining Ltd. (CA:HMG: news, chart, profile) (FRANKFURT: 4LH) is pleased to report the discovery of new copper-silver mineralization at its sediment-hosted Ghanzi Copper-Silver Project in Botswana. Seven vertical percussion holes, HA-01-P to HA-07-P, were drilled on the north limb of Zone 2 along a 400 meter strike length. Six of the holes intersected mineralization and represent a new discovery in Zone 2. The new discovery is over 1000 meters from known mineralization.

Company President Peter Wilson states, “These results are very exciting and represent a new discovery along the mineralized horizon in an area where there was no previous work. We are more than a kilometer away from any previous drilling and open along strike. Our drilling to date confirms copper-silver mineralization in 7 distinct areas each open along strike and depth. It is worth noting that we have tested just a [continue reading]