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On the on-going corruption case against former Managing Director of Debswana, Louis Nchindo, communications director, Jacob Sesinyi, company secretary, Joe Matome and Nchindo's son, Garvis Nchindo, there have been disturbing reports from the prosecutio...
Windhoek — Shareholders in Kalahari Minerals are calling for the removal of Extract managing director Peter McIntyre from its board.
Extract however said this week that it is seeking legal advice on the requisition, which calls for a sharehold...
THE Namibian Former Robben Island Prisoners Trust (NFRIPT) has moved to seize control of a small amount of diamonds produced on Block 3 on the Orange River after it emerged that its South African partners were attempting to sell these to cover outstand...
Australian based Tawana Resources (ASX: TAW) has moved to 100 per cent ownership of the Orapa Project in the north-east.
In a statement on Wednesday, Tawana said it will pursue new initiatives for the rapid development and bulk sampling of sever...
Gaborone — Botswana government has approved over P2 billion in tax concessions for the Mmamabula Energy Project and extended coal prospecting licences in the country.
Minister of Minerals, Energy and Water resources, Ponatshego Kedikilwe, told...
Harare — River Ranch Diamond Mine, capitalising on the improving economic situation in the country, plans to invest US$15 million in mine development and exploration, a top official of the company said at the weekend.
Mine manager Mr Dennis Mt...
Johannesburg — RESEARCH group Frost & Sullivan has taken a gloomier view than other diamond industry commentators in forecasting a long downturn in commodities demand and SA's diamond production falling until 2011.
The company said yesterday d...
Buoyed by a quicker than expected recovery in the mining sector, resource stocks on the Botswana Stock Exchange are shining as investors take risks in the hope of significant gains.
As everywhere else, trading on the BSE had been subdued as econ...
Paris — Amid allegations of human rights abuses and government corruption, international calls are growing to ban or restrict the trade in diamonds from politically unstable Zimbabwe.
Concern has focused on the eastern province of Manicaland, ...
Arusha — TanzaniteOne has paid nearly TShs16 billion to Tanzania treasury in five years.
TanzaniteOne is the leading mining firm dealing in tanzanite in Tanzania's northern parts of Mererani Hills.
The London Stock Exchange listed firm ha...
Zambia sets up oil exploration committee <http://www.afrol.com/articles/33293>
afrol News, 19 May - The Zambian president, Rupiah Banda has has appointed a seven-man panel to formulate poli...
Windhoek — The government is planning to establish a mining charter to enable black Namibians to take up stakes in mining and mining exploration companies, Minister of Mines and Energy Erkki Nghimtina said.
"The mining charter is coming," he s...
Maputo — Coal mining companies operating in Mozambique have set up a Forum, to be known as the "Mozambican Coal Development Association" (AMDC), as a precursor to a future Mozambican Chamber of Mines.
The Forum held its first meeting in Maputo...
Mhondoro-Ngezi — THE local traditional leadership in Mhondoro-Ngezi has called on Zimbabwe Platinum Mine to plough a portion of its revenues from mining operations in the area back into the community.
Led by Chief Murambwa, the local leadershi...
ZIMBABWE Electricity Supply Authority (Zesa) said it was entering into coal mining in Sinamatela to complement Hwange Colliery Company's production to reduce the rate of load shedding.
Zesa spokesperson Fullard Gwasira told businessdigest on Tue...
Lee Johns an Australian businessman who used to own the Globe Phoenix Mine in Kwekwe was forcibly deported from the country on Tuesday. This follows reports he was locked in a fierce dispute with the Reserve Bank, who through their subsidiary Carslone ...
Zambia Copper International (ZCI) yesterday announced that it will provide its takeover target of African Copper (ACU) and its subsidiaries with an extra US$25.4 million funding.