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According to the authoritative 2015 Fraser Institute mining survey, Morocco, Ghana and Burkina Faso have joined Namibia as African countries that are seen as being more attractive than Botswana as measured by the Investment Attractiveness Index...

This followed a review that took account of the commodity price shock and impact on the country’s economic and fiscal strength. “Moody’s noted that the current economic and fiscal challenges, emanating from the external environment, are...

In a notice published this week, the Public Procurement and Asset Disposal Board (PPADB) announced it had approved a request by the Ministry of Minerals, Energy and Water Resources to use the direct appointment method to engage a joint venture...

The prevailing commodity prices slump is a global economic phenomenon largely caused by a slow recovery in the world economy. Africa’s largest economy, Nigeria is feeling it with the crash in oil prices having seen the country’s 2016-budget post...

The BCL group comprises the Selibe-Phikwe based copper mine as well as the Tati Nickel Mine near Francistown. Speaking to BusinessWeek on the sidelines of a media briefing held in Gaborone this week, Acting divisional manager (finance and...

“There was lower production at Orapa, partially offset by an increase in production at Jwaneng. Damtshaa was placed on care and maintenance from January 2016,” Anglo said. In the period, the flagship Jwaneng mine produced 3.2 million carats up 15...

Addressing the media yesterday, acting divisional manager (finance and administration), Tobokani Mosetlha said they have engaged Barclays Africa group to facilitate the bond issuance. “The funds would be used to settle a $100 million facility we...

Local diamond manufacturers bought diamonds worth $500 million from De Beers last year, which was a 46 percent decline from the 2014 supply. At least 22 sightholder firms are licensed to buy diamonds from De Beers in Gaborone for cutting and...

This comes on the backdrop of a 95 percent decline in ETF trading turnover in the first quarter of the year compared to the same period last year. According to figures provided by the BSE, the volume of ETF units traded was 58,664 in the first...

In its third sale of rough diamonds for the year held in Gaborone last week, De Beers recorded sales of $660m, marking a definite upward trend. De Beers said in the first sale of the year, in January, it notched up sales of $545m, more than doubling...

Promoters of the mine, Kimberley Diamonds Ltd (KDL) yesterday announced open pit mining operations have commenced at Lerala construction of the processing plant due for completion later this month. “Assuming that re-commissioning of the process...

The company listed 1.05 billion shares on the bourse marking the completion of the country’s first privatisation of a state-owned enterprise. The shares listed at one pula per share but moved up to P1.30 on its debut after 31,000 shares changed...

Although the bank did not reveal the identity of the client, industry sources told BusinessWeek that about $7 million (P77 million) of the total impairment charge can be attributed to Motiganz Diamond Company Botswana. Motiganz’s cashflow is...

According to figures released by Statistics Botswana, the disappointing print can be largely attributed to negative mining GDP growth of -19.7 percent as well as underperformance in the non-mining private sector.  Negative growth was also recorded...

According to the Millennium Development Goals (MDG) 2015 Status Report launched in Gaborone yesterday, FDI is dominated by mining at almost 75 percent share with the finance sector coming a distant second at 17.5 percent. The retail sector comes in...