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New high value diamond mine in the offing

Tsodilo Resources a Toronto Venture Stock Exchange (TVSE) listed exploration company operating in Botswana has hinted positive signals for its Orapa Kimberlite Fields work.

A high grade ore mine, unearthing top high value gem diamonds is in the offing, the company disclosed this week. Tsodilo Resources has been exploring and investigating samples at BK 16 Kimberlite deposits since 2015, and preliminary results show yet another diamond mine for Botswana after Lucara’s Karowe Mine.

 Information from Tsodilo reveals that the BK16 Kimberlite project located in the outposts of Boteti sub-district, adjacent to Debswana Orapa mine, is well placed to enter the market and generate millions of dollars for the company once the mine is established. Orapa Mine is Botswana’s flagship diamond mine by volume and one of the world’s prolific rough diamond extraction operations under mining giant De Beers Group.

In a presentation published by the company this week, Tsodilo stated that BK16 was already showing similarities to Lucara Diamond Corp’s Karowe diamond mine, in Botswana, as well as Petra Diamonds’ Koffiefontein mine, in South Africa’s Free State; BlueRock Diamonds’ Kareevlei mine, in South Africa’s Northern Cape; and Lucapa Diamond Company’s Mothae mine, in Lesotho. All of which are smaller carats output mine by volume but recovering high grade.BK16 is one of 85 known kimberlites in Botswana.

Chief Executive Officer (CEO) and Chairman of Tsodilo Resources James Bruchs observed in the presentation that market prices of higher-quality diamonds are increasing on the back of increased demand, while diamond jewellery demand is also rising. Bruchs said BK16 is the most prospective of the kimberlites currently being evaluated in the Orapa kimberlite field.

 The project is currently in a sampling and test work phase, with a 15 000 t to 25 000 t bulk sampling programme planned either as a new surface dug sample boxcut or an extension of tunnels away from dilution zones, to get a better indication of the real grades. “Following the test work, we will get to work on a feasibility study that includes full engineering studies and the definition of mining parameters,” he said.

Stephen Coward, a renowned explorations expert who is offering geological consultancy services to Tsodilo says the process of sample acquisition and processing to recover diamonds is complex and could not be considered an assay, as is the case for many types of metallic mineral sampling. “This often results in material differences between the raw and diluted recovered grade from a set of samples and the true in situ grade of the target,” he said.

According to Coward the BK16 deposit has potential to host a coarse size diamond distribution, with the potential to contain high-value diamonds. Tsodilo completed 3 665 m of ore body delineation drilling in 2015, 3 668 m of pilot hole core drilling in 2017 and 3 120 m large diameter drilling to date. On the other side of the prospected site sits Karowe Mine which is well known for recovering  over 120 carat white gems. Karowe made history in 2015 by recovering  a colourless/white type 2  diamond weighing  1,111 carats  , around 222 grams   .measuring  65 mm × 56 mm × 40 mm.

The diamond, approximately of tennis ball size was registered as the third-largest diamond ever found, and the second-largest of gem quality. Only the non-gem black Sergio and the gem-quality Cullinan were larger. A day after the discovery, two more diamonds weighing 813 and 374 carats were found in the mine .Named Lesedi La Rona, the diamond was sold at US$53 million to a London based British multinational jeweler , which is  equivalent to approximately over BWP 500 million.

The BK 16 Kimberlite explorations and mining by Tsodilo Resources is also anticipated to unearth historic gems. De Beers which operates Botswana largest diamond mines initially discovered the deposit and defined a grade of 1.4 carats per hundred tonnes in the 1960s. Work on the BK 16 Kimberlite project stopped in 2008 owing to the grade being considered too low. However, Bruchs said it was under-sampled at the time, adding that the global economic crisis in 2008 also crushed the viability of the project as no funds were being availed by investors.

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The Bulb World starts operations in South Africa

8th April 2021

Homegrown LED light manufacturing company, The Bulb World, has kick started operations in South Africa, setting in motion the company’s ambitious continental expansion plans.

The Bulb World, which was partly funded by Citizen Entrepreneurial Development Agency (CEDA) at the tune of P4 million, to manufacture LED lighting bulbs for both commercial and residential use in 2017, announced last year that it will enter the South African market in the Special Economic Zone (SEZ) of North West province under the auspices of North West Development Corporation (NWDC).

The company has already secured a deal with South Africa authorities which entails production factory shells and tax incentives arrangements.

The company founder and Chief Executive Officer, Ketshephaone Jacob has also previously stated that the company is looking for just under P50 million to finance its expansion strategy and is reaching out to institutional investors such as Botswana Public Officers Pensioners Fund (BPOPF) and government investment arm, Botswana Development Corporation (BDC).

However, Jacob told WeekendPost that instead of sitting and waiting for expansion funding the company has started hitting the ground running.

“We have decided to get in the streets of SA, start selling lights from door to door, ” said Jacob who is in currently in Rusternburg to oversee the introduction of The Bulb World products in the market.

Jacob explained more brand activations will be undertaken in South Africa. “The plan is to do it the whole of North West and Limpopo province, through hawkers, we give the hawkers the lights to sell at a factory price and they put a mark up and make a living,” he said.

The Bulb World operates from Selibe Phikwe, it currently employees 65 young people, 80 % of which are Phikwe youth. The company plans to add 100 jobs this year alone as it forges ahead with its regional and continental expansion plans.

In July this year Bulb World products will hit South African Shelves:  Pick n Pay, Checkers and Africa’s largest retailer Shoprite.

The Bulb World has been registered as a company in South Africa; the company will start producing lights from Mogwasa after striking a special economic zones deal with North West Development Corporation in North West Province South Africa.

“Over the next 10 years we are looking to create over 5,000 jobs in Africa. Through our expansion into all of Africa we will be able to create employment for various individuals in different sectors namely; manufacturing, distribution electronics and retail,” Jacob told this publication earlier this year.

Jacob said if all goes well, the plan is to have taken over Africa or rather penetrated, and have prevalent presence in the African market.

“We are gunning to have at least 30 percent market share by then. According to a 2016 Market Survey, the total valuation of sales for LED Lighting was 57BN, a portion of which we plan to have taken over by then,” he said.

 

While the company has set its eyes on Africa, Jacob said, the company has not fully exploited its local growth, indicating that there could be strategic factories built to supply neighbouring countries of Angola and Zimbabwe.

“There is potential for further local expansion as well to other areas of Botswana if things run smoothly as anticipated. Hopefully in the long-term if our fellow Africans and all these markets receive us well we are planning to build another factory,” he said.

“We are looking to build another factory in the Chobe/Ngamiland Area that will give priority to markets in Zimbabwe and Angola,” he said

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Business

‘Oil exploration will have minimal impact’

30th March 2021
Okavango-River-Basin

The Maun based Okavango Research Institute (ORI) has downplayed the impacts of oil and gas exploration in part of Okavango delta arguing that given the distance proposed the likelihoods of negative impacts drilling these exploration wells on the surface water systems is likely to be negligible.

The Institution released a position paper titled ‘Proposed Petroleum (Oil and Gas) Exploration Operations in the Petroleum Exploration License (PEL) No. 73,’ with findings stating that, in the event of discovery of economically viable hydrocarbon deposits, much more careful consideration of the impacts and economic benefits of development of the resource will be needed.

For example, the fracking process for gas and oil extraction is known to require large volumes of underground water.

It further argues that increased extraction of the underground water is likely to affect the water table level and further affect the overall water availability in the river-basin.

“The effect on water availability and use may become worse if surface water is reticulated or sourced by any means from the Kavango River. Should the exploration and fracking for oil and gas expand to Block 1720, 1721 and 1821, the impact on water availability and quality will be significant, especially if the wastewater is not well managed,” said the paper.

The research unit recommends close communication between the relevant Basin State Ministries (Mineral Resources, Environment) and the Permanent Commission on the Okavango River Basin, OKACOM, and other stakeholders must be facilitated.

This will facilitate sharing of the correct information on the desired intentions of the basin states and compromises sought for the sustainability of the ecosystems in the downstream of the Cubango-Okavango river Basin, states the position paper.

ORI as a key stakeholder with scientific information says it is positioned to provide scientific advice and guidance to decision-makers on the potential impacts of both exploration and development and operation activities.

It also recommends that while the impacts might be minimal at the exploration stage, environmental impacts during the development and extraction process are significant.

Findings also state that the SADC Protocol places a mandatory duty to make a notification of planned measures undertaken in any riparian state in cases where such measures hold the potential to cause ‘significant adverse effects.’

It further states that where the planned development is trivial and not expected to cause any significant harm, the development state is not under duty to notify other riparian states.

Given that the drilling in the Kavango Region in Nambia is merely for exploratory purpose and the possibility of harm is minor, it is therefore not surprising that the Namibian government did not inform Botswana.

However, should it be found that the oil can be profitably or economically exploited, the Namibian government would be under a duty to notify both Angola and Botswana.

The institution further states that to ensure sustainable development in the Okavango Delta the following in the context of exploration for and potential development of hydrocarbon deposits within the Cubango-Okavango River Basin, it must be considered that the Okavango Delta is a World Heritage Site listed in 2014 by UNESCO and one of the binding requirements of the listing is the non-permissible commercial mining of any mineral, gas or oil within the World Heritage Site.

It states that the Okavango Delta is also a RAMSAR site in which mining is not allowed.

Should the exploration for minerals, oil and gas be allowed, there is a high chance that a mineral, oil or gas may be found given that the Delta is sitting on karoo sediments and shale rocks which in other parts of the world have been found to be sources of oil and gas deposits. Should oil or gas be discovered, there will be a strong socio-economic pressure to mine oil or gas and create jobs for the masses.

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Business

Pakmaya yeast penetrates local market

30th March 2021
Pakmaya Africa Sales Manager: Cem Perdar

Manufactured in Turkey, Pakmaya Instant Dry Yeast can be used in the production of various fermented products, as it is suited for both traditional and industrial baking processes. All kinds of breads, buns and fermented pastry products are typical examples of applications.

Pakmaya Africa Sales Manager Cem Perdar says Pakmaya has 4 plants in across the world, further indicating that all of the plants have the highest standards of quality certificates and approvals. Regarding raw material, molasses is the main ingredient for yeast. Concerning production activities, yeast manufacturing requires high know-how and capability. Pakmaya has all those capabilities and aspects more than 45 years.

According to Perdar, Pakmaya has been existent in African markets since 30 years. From South to North, Central to East and West, a consumer can find Pakmaya in nearly every part of Africa continent.

“With its high quality, rich product selection and good service, our brand has become the favorite yeast of many Africans. On the other hand, our distributors in African countries are working very hardly and loyally in order to promote our products in their markets. After some time, we are becoming like families with our exclusive distributors in Africa and this enables both parts to work harder and keeps our product sustainable in market,” he said in an interview this week.

The yeast manufacturing giant made its way to Botswana market. The company has been smoothly working with Kamoso Distribution, a local distribution company. Perdar told BusinessPost that two entities have been working hard to earn is market locally.

“At the moment we have a good market share with them in Botswana market. I’m sure during 2021 long, we will be increasing our sales and market position. Soon we are going to start a marketing campaign in Botswana, so that means Batswana will see and recognize Pakmaya more and more. Pakmaya wants to be the best friend of bakers in bakeries and ladies at homes in Botswana.”

As per global COVID-19 regulations to curb the spread of the COVID-19, Botswana just like other country closed borders. Providentially, the restrictions did not affect the company destructively.

Perdar says “Kamoso Africa is a very important and strong partner in Botswana territory. With Kamoso’s hard work and strict measurements, we have done a very good job. So as Pakmaya, we have not suffered any distribution problem. Our partner is doing the needful at the reaching our products to end users.”

He further said “We are doing well in Botswana market and hoping to make much more. Our aim is to enter every single corner in Botswana territory. With our new marketing campaigns, we are planning to be the most preferred yeast in Botswana market.”

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