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ORAPA CUT 3 TAKING SHAPE: To extend the mine to 2055

Orapa Mine, the world‘s largest by area will continue mining up to just over 2050 , Orapa Letlhakane & Damtshaa(OLDM) Mines General Manager Bakani Motlhabani revealed on the sidelines of the OLDM  50 Years Anniversary Celebrations in Orapa recently.

Debswana 50 year’s celebrations were held concurrently around three sites, being OLDM, Jwaneng & the Stakeholders offering hosted by the Gaborone head office. When giving welcome remarks at the event Motlhabani explained that being a mining outfit, OLDM community doesn’t play in the space of the glitz and glamour associated with the sparkle of the finished diamond product.

“What we are familiar with is the rhythm and rumbling sounds associated with open pit drilling, blasting, loading and ore processing components hauling and winding 24 hours a day, 7 days a week and 356 days a year. From all these our people unearth gems that transform the lives of many across the world” he said.

Motlhabani explained that OLDM with its three sites produce diverse diamond products, both in volume and quality. “We have the fancy gems from Letlhakane & Damtshaa Mine and the industrial diamonds from Orapa Mine. From 1971 to end of 2018 we have recovered approximately 400 million carats” he said.

Signaling the mine’s ambitious future plans Motlhabani shared that the operation will going forward embrace technology to continue delivering increased shareholder value “As we tread into the interesting and exciting world of technology, innovation and creativity, we are finding it easier and even safer ways of recovering our resource resulting in even better performance results” he said.

Orapa Mine was discovered in 1967 by a team of De Beers geologists led by Manfred Marx. It became fully operational in July 1971 when it was officially opened by the then President of Botswana, His Excellency Sir Seretse Khama. Currently Orapa is mining at a depth of 250 metres and is expected to reach 450 metres by 2026.

The resource consists of one volcanic pipe that separates into two distinct pipes at depth, namely north and south pipes which erupted through Transvaal strata and the overlying Karoo sediments over 200 million years ago. Production normally varies according to mining plans at an average of 12 million carats per year. In 2014, Orapa produced 12 073 522 carats.

Motlhabani said in the past the equipment used in diamond recovery in the 1990s was archaic and not very efficient. “Old x-ray machines were replaced with energy efficient channel displacement machines that led to greater accuracy in recovery without relying on human intervention” he said explaining that it was such advancements that enabled the discovery of Okavango Blue, one of the rarest mineral finds in global history.

The 41.11carats stone was unearthed from the underground terrains of the wide spread AK1 pit of Orapa Mine and  recovered at Plant 2  late last year then unveiled in May this year as a 20.46 carat oval shaped precious blue diamond after cutting & polishing. The highly anticipated Orapa Mine expansion was also hinted by Debswana Managing Director Albert Milton at the stakeholder appreciation party held at the Gaborone International Conventions Centre (GICC) the same day.

Currently the mine is relocating an over 500m spread dump on the south side of the pit to the far western side to give way for Cut 3 core extraction boreholes. OLDM also recently closed and decommissioned Slurry Dams 2, a fines residual disposal facility that has been operating for years. The dam has been receiving residues from Orapa No.1 & 2 Plants.

The Mine now  developing a world class 6 cell fines  residual disposal facility to accommodate Orapa Mine’ s  remaining cut 2 ore processing  and  further take in  residues  from Cut 3  and beyond. Milton hinted that studies were underway to assess the feasibility of the Cut 3 project with anticipation to expand the mine‘s lifespan by over 30 years.

Cut 3 will involve stripping away waste at the bottom of the mine, as well as widening and deepening the pit. The mine is expected to increase its fleet of trucks from the current 23 to 58. Works to give way for Cut 3 also include relocation of Training Centre and Primary Crashers.
Still at the OLDM 50th Anniversary event Vice President of Botswana and also Member of Parliament for Boteti West Slumber Tsogwane said 50 years ago, on 23rd June, a partnership that carried the lives and hopes of many generations of Batswana was born. The Vice President noted that OLDM has been a key driver of development in the Boteti Sub District especially in the areas of Health and Education.

He highlighted that Orapa Hospital has enabled access to improved health care for communities in its sphere of influence. The facility operates as a referral hospital for all village around Orapa and the entire Boteti Sub District, catering for a resident population of approximately 10 000 and regional catchment area of over 54 000 people.

Resident Director of De Beers Holdings Botswana Mr Neo Moroka said the 50th Anniversary brings another opportunity of a re-looking at how Debswana can further pursue global benchmark levels and continue to play a pivotal role in Botswana’s next economic transformation agenda. “This is an opportunity to consider how our iconic company can continue to be an enabler in our common journey towards realizing the goals of our Long Term 2036 Vision,” he said.

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China’s GDP expands 3% in 2022 despite various pressures

2nd February 2023
China’s Gross Domestic Product (GDP) expanded by 3% year-on-year to 121.02 trillion yuan ($17.93 trillion) in 2022 despite being mired in various growth pressures, according to data from the National Bureau Statistics.

The annual growth rate beat a median economist forecast of 2.8% as polled by Reuters. The country’s fourth-quarter GDP growth of 2.9% also surpassed expectations for a 1.8% increase.

In 2022, the Chinese economy encountered more difficulties and challenges than was expected amid a complex domestic and international situation. However, NBS said economic growth stabilized after various measures were taken to shore up growth.

Industrial output rose 3.6% in 2022 over the previous year, while retail sales slightly shrank by 0.2% data show that fixed-asset investment increased 5.1% over 2021, with a 9.1% hike in manufacturing investment but a 10% fall in property investment.

China created 12.06 million new jobs in urban regions throughout the year, surpassing its annual target of 11 million, and officials have stressed the importance of continuing an employment-first policy in 2023.

Meanwhile, China tourism market is a step closer to robust recovery. Tourism operators are in high spirits because the market saw a good chance of a robust recovery during the Spring Festival holiday amid relaxed COVID-19 travel policies.

On January 27, the last day of the seven-day break, the Ministry of Culture and Tourism published an encouraging performance report of the tourism market. It said that domestic destinations and attractions received 308 million visits, up 23.1% year-on-year. The number is roughly 88.6% of that in 2019, they year before the pandemic hit.

According to the report, tourism-related revenue generated during the seven-day period was about 375.8 billion yuan ($55.41 billion), a year-on-year rise of 30%. The revenue was about 73% of that in 2019, the Ministry said.

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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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