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Managing director, Balisi Bonyongo told stakeholders in Gaborone this week that the 42-year-old mine will come to the end of its lifespan this month and the company will shift production to mining dumps. “The project will provide a specifically...

The new mine is supposed to supply coal to a new power station at Morupule B whose construction has been delayed due a dispute between government and the Independent Power Producers (IPPs). Japan’s Marubeni and South Korea’s Posco last year won...

Unit 5 and 6 is Botswana’s first Independent Power Producers (IPP) project where the contractor funds construction of the power station and recoup their investment from selling power to BPC. Construction of the plant was supposed to have started...

Last week, Statistics Botswana released the 2016 full-year economic growth figures, which showed a significant improvement in real gross domestic product (GDP) to 4.3% from a negative growth rate of 1.7% in 2015. However, the statistics show that...

Impaired by the loss of a P4 billion mandate with Botswana Public Officers Pension Fund (BPOPF) in July last year, Fleming has been knocked down from being one of the oldest and largest asset management companies in the country, losing other key...

Figures published by Statistics Botswana (SB) recently showed that from a 1.7% negative growth in 2015, the economy registered positive growth last year mainly due to significant contributions from trade, hotels and restaurants and transport and...

BPC spokesperson, Dineo Seleke yesterday told Mmegi Business that the new deal replaces the one that expired in December 2015. “The corporation is currently undertaking remediation of Morupule B and refurbishment of Morupule A, which is expected...

The Botswana Geoscience Institute (BCI) yesterday confirmed that the earthquake, which was caused by tectonic movements of the earth, struck  132 kilometres west of Moiyabana village at a depth of 29 kilometres below the ground. General manager of...

Boitumelo has been appointed president and chief operating officer (COO) of Diavik Diamonds, a mining operation in the Canadian remote Northwest region jointly owned by global mining giants, Rio Tinto (60%) and Dominion Diamonds (40%). Announcing...

The Sese coal project becomes only the third coal mining licence holder in the country after Morupule Coal Mine and Jindal’s Mmamabula project.  Announcing the milestone, African Energy said the mining licence covers an area of 51.47 square...

Chevron operates in Botswana using the Caltex brand name in the retail market operated by a company called Fuel in Motion while its commercial business is run through Kwa Nokeng Oil. In a statement, the Chinese oil company said after a public...

The sudden closure of BCL has been largely blamed on the botched P3 billion deal to buy half of  Nkomati Mine from Russia’s Norilsk Nickel. A few days after the closure of the mine, former BCL chairperson Khaulani Fichani hinted to BusinessWeek...

Mmegi Business has learnt that the shareholders of fund manager, Fleming Asset Management have reportedly accepted a P20 million bid for the company, which is a fifth of an offer price they declined just over year ago before the firm ran into...

In 2014, BCL announced an agreement to buy 50% in South Africa’s Nkomati Mine from Russia’s Norilsk Nickel, a deal that only received regulatory approval from the minister, Mosebenzi Zwane last September, but never materialised as BCL was placed...

The project was prepared in response to the 2015-2016 El Nino related drought, which was rated extremely severe - the worst in the last 34 years. “The project will improve the availability of water supply in drought vulnerable areas, strengthen...