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Innovation future of mining industry- experts

In the wake of diminishing confidence and uncertainties in the mining industry due to its increasing complexity, and hike in expenses as well as unexpected decline in some commodity prices from time to time, the sector continues to introspect, and reenergize itself with new ways of doing business and innovative techniques to stay relevant. 

Debswana Diamond Company , Botswana ‘s premier  mining outfit , Its parent companies, De Beers and Anglo American , gathered industry experts in the areas of metallurgy   and mineral processing in Kasane last  week to discuss  current and future technologies , opportunities and challenges in the field of mineral processing.  The Debswana Metallurgical Conference convened professionals from Botswana, Canada, South Africa, and Namibia to deliberate on ways to improve mineral processing.

The conference saw leading metallurgy specialists engage to facilitate shared insights, dialogue, and planning towards an even stronger metallurgical discipline under the theme: “Chemical Reaction and Physical Attraction which delivers future mineral processing plants”.
Topics discussed include amongst others; processes improvement through technology, innovation and development with Debswana Technology partners such as Schneider Electric and Siemens as well as experts from the Botswana International University of Science and Technology (BUIST).

Guest Speaker at the conference, Chief Executive Officer of the Botswana Chamber of Mines, Charles Siwawa challenged metallurgists attending the Conference to be innovative in the development of mining and mineral processing solutions for the future.  Some of the future challenges he highlighted includes increasing costs, aging assets, increasing mining complexity, and water and power challenges.

“Innovation and step-change requires bold aspirations and bold action. As they say, be bold and great and mighty forces will come to your aid.’ We must speak into action what we want to see and do,” he said. Debswana state that the annual conference is testament to the fact that metallurgists are actively seeking innovative ways to collaborate and improve their craft.

“The purpose of the conference is aligned to Botswana’s Vision 2036, which sees innovation at the core and which is a key part of the Nation’s blueprint towards a more prosperous future. It is aligned with the future business of Debswana which seeks to be driven by research and development.” reads a statement from the company.  Edwin Elias, Head of Ore Processing at Debswana noted that the conference was successful with a lot of output in the form of shared thinking and learning.

“It is not often metallurgists across the different businesses have an opportunity to discuss innovative means and future technological needs that will improve the overall productivity of their respective businesses,” his said. Elias highlighted that Debswana yearned for mineral processing plants that address future challenges and leverage technological opportunities.

“This conference was our opportunity to learn and develop robust plans and relationships that advance our discipline. It has been a privilege as Debswana to host the 2018 edition of the Conference,” observed Elias. Some of the key sentiments shared at the conference include the fact that future technological needs have to take into consideration the main challenges that come with the next horizon.
 
These are: increasing costs, aging assets, the quest for large stones as a niche, increasing mining complexity, increasing water and energy requirements, and external market challenges as well mine closure legal requirements.  Metallurgy refers to commercial methods that concern the chemical, physical, and atomic properties and structures of metals. The discipline further explores the principles whereby metals are combined to form alloys, and thus is central to the mining process.

The 2018 Metallurgical Conference brought together Metallurgical Technical teams, their leadership and Strategic Partners around the globe to engage on various areas. Some of the key areas discussed during the conference include: Gender Diversity, Technology and Innovation; and Business Improvement amongst others

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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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