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I have had sleepless nights since our meeting and I wonder how he sleeps at night?" This was the declaration Kgosi Mosadi Seboko, the Kgosikgolo of Ba Ga-Malete who had a mouthful to share from her apparent meeting with President Mokgweetsi Masisi, made recently.Kgosi Seboko had
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Botswana marks 56th anniversary of independence without traditional pomp, rally
GABORONE, Sept. 30 (Xinhua) -- Botswana on Friday celebrated the 56th anniversary of its independence, but without the traditional pomp and nationwide rallies because of the grim events of COVID-19 that are still fresh in many people's minds.
In an address on the occasion of the
In an address on the occasion of the
Botswana National Front’s Duma Boko takes aim at President Mokgweetsi Masisi at the Che Guevara Memorial Lecture
President of Botswana National Front, Duma Boko, who spoke exclusively to SABC News, has taken aim at the leadership of Botswana’s current President, Mokgweetsi Masisi, for what he says is the president’s alleged lack of respect for the judiciary.
The South African Communist Party
The South African Communist Party
Botswana President reaffirms continuous support to Sahrawi people right to self-determination and independence
Gaborone (Botswana), 15 October 2022 (SPS) - President of Botswana, Mr. Mokgweetsi Masisi, has reaffirmed his country's historical position in support of the right of the Sahrawi people to self-determination, liberation and independence.
This came in a letter of reply addressed Friday
This came in a letter of reply addressed Friday
Coach Broos says Bafana chose Sierra Leone and Botswana to avoid losing again
Coach Hugo Broos says Bafana Bafana chose to play against Sierra Leone and Botswana because they didn’t want to play bigger teams and lose again.
Bafana will face various nations in international friendly matches at FNB Stadium in Johannesburg, starting with Sierra Leone on Saturday
Bafana will face various nations in international friendly matches at FNB Stadium in Johannesburg, starting with Sierra Leone on Saturday
‘Our problems are our problems,’ South Africa, Botswana and Mozambique have sent a strong message to the West
Al Shabab is a terrorist organisation operating in Mozambique, in the province of Cabo Delgado. Affiliated with ISIS, Al Shabab emerged in 2017, its main purpose is to establish the Sharia law, get rid of formal education, remove healthcare and annihilate the government. Over the
Botswana banned SA fruit and veg. Now traders there are demanding a U-turn.
A short supply of fresh produce in Botswana has left traders pleading with their government to allow them to get produce from South Africa and others again, following the Tswana nation's decision to instate an import ban on certain commodities, the Sunday Standard reported.
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Sunday, June 19, 2022
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Sunday, December 13, 2009
Botswana hunts for falling star in Bobirwa, Tswapong
The hunt is on for a falling star believed to have fallen somewhere at the confluence of Shashe and Motloutse Rivers or buried itself in a hole somewhere in the region a fortnight ago.
The National Museum and Art Gallery launched the search for the fallen star on Friday, urging people in the Bobirwa and Tswapong to look for traces of the star, or meteorite as it is called in science. It is believed to have fallen from the moon.
The public is being urged to be on the lookout for strange rocks or a hole in the ground that has signs of burning. But the star should not be removed or collected from where it is found, the Department of National Museum and Monuments warns.
The falling star was seen in the night of November 21 and was also witnessed in parts of neighbouring South Africa, Mozambique and Zimbabwe as it shot across the sky producing a glowing light. However, it was in the Bobirwa and Tswapong in Botswana that the star's tremendous light turned the night into day for a moment before causing a deafening blast as it crashed. People in Ramotswa in the South East District also talk about this spectacular cosmic occurrence. Now the National Museum wants to locate the object from the heavens.
The National Museum and Art Gallery says the fallen star should look like a piece of metal, a stone or metal-like stone that has fallen to earth from outer space. "The meteorite burns in the sky, producing a glowing light before reaching the ground and they (meteriotes) range from marble-ball size to soccer-ball size," the department said in a Friday statement. The department adds that the star can be identified by a burnt outer surface that is black in colour that does not flake or streak off when rubbed against other surfaces.
This is not the first time a star has fallen on Botswana. In 1999, a precious 30-pound (13.5 kg) star from the moon known as moon rock, was found in the Kalahari Desert in Botswana, but was exported to America without the knowledge of the government.
The discovery of the fallen star in the Kalahari Desert was only made public in 2007 when National Geographic reported on December 6 of that year that the Kalahari man-shaped moon rock had helped scientists to form an opinion about how planets develop. Scientist Mahesh Anand of Open University in Milton Keynes, England was quoted in the National Geographic as saying that the Kalahari rock seemed like it fell to earth relatively recently, unlike many lunar meteorites.
He estimated the star fell 200 to 300 years ago from the moon when an asteroid hit the lunar surface. It is this rock that shed new light regarding when volcanic activity actually started in the moon, leading Anand to conclude that volcanic activity in the moon started much earlier than scientists thought.
"The beauty of the moon is that it preserves almost the entire history of the solar system," Anand was quoted as saying in the National Geographic.
The research around the Kalahari rock also shed rare light on the earliest stages of planet formation, which has largely been lost on earth, according to the National Geographic report of 2007.
Source:mmegi.bw/i
Botswana - Problems in the farm sector
Botswana's agriculture ministry has the well-qualified personnel yet its performance is low when compared to other ministries, according to a government source.
Addressing ministerial staff in Mochudi recently, Assistant Minister of Agriculture, Oreeditse Molebatsi, said effective performance was needed to move the ministry from its current status.
He urged staff members to provide the best service, urging the various departments under the ministry to share resources as the country was reeling from the economic downturn.
Meanwhile, farmers in Kgatleng District have decried shortage of land to carry-out their agricultural projects.
Presenting their grievances to Mr Molebatsi after he addressed the staff, livestock farmers complained about the high price of feeds, which results in their projects operating at a loss.
Poultry farmers expressed concern about the competition between big poultry farmers and the small ones, about Halal and the shortage of land.
Responding to the complaints, the assistant minister encouraged farmers to engage in partnerships for prosperity of their farming businesses.
Mr Molebatsi also expressed the government's gratitude to the farmers for their efforts in improving the agricultural sector.
Source:meattradenewsdaily.co.uk/
Addressing ministerial staff in Mochudi recently, Assistant Minister of Agriculture, Oreeditse Molebatsi, said effective performance was needed to move the ministry from its current status.
He urged staff members to provide the best service, urging the various departments under the ministry to share resources as the country was reeling from the economic downturn.
Meanwhile, farmers in Kgatleng District have decried shortage of land to carry-out their agricultural projects.
Presenting their grievances to Mr Molebatsi after he addressed the staff, livestock farmers complained about the high price of feeds, which results in their projects operating at a loss.
Poultry farmers expressed concern about the competition between big poultry farmers and the small ones, about Halal and the shortage of land.
Responding to the complaints, the assistant minister encouraged farmers to engage in partnerships for prosperity of their farming businesses.
Mr Molebatsi also expressed the government's gratitude to the farmers for their efforts in improving the agricultural sector.
Source:meattradenewsdaily.co.uk/
Botswana Pushes Creation of, Diamond Trading Market
RAPAPORT... As the keynote speaker at the World Federation of Diamond Bourses (WFDB) meeting in Antwerp in November, Dr. Akolang Tombale pulled no punches about his country’s ambitions within the diamond industry. Botswana, after all, is the world’s largest diamond producer by value and remains heavily dependent on the industry.
Tombale, whose official title is coordinator of Botswana’s Diamond Hub project, stressed the need for Botswana to ensure that its diamond legacy stretches beyond the realm of mining. “We believe as Botswana, we should venture into the downstream diamond industry both through the current developments and…extend the potential of diamonds to greater propositions,” he told the November gathering of global diamond bourse presidents.
While he was careful not to present Gaborone as a threat to any of the established trading centers, such as Antwerp, Ramat Gan, Mumbai and perhaps most importantly, neighboring Johannesburg, Tombale clarified Botswana's ambitions. “We cannot entrust our national survival on people who, when it makes business sense, can switch their interest any time and do something else that suits them at the time,” he said. “It is simply too important for us to abdicate our responsibility or leave anything to chance.”
Diversifying Diamonds
Tombale, in his own words, has become the unofficial face of the Botswana diamond industry. He is responsible for advancing the industry from its sole dependency on mining through the creation of a beneficiation industry and, in the next stage, the development of a trading platform.
Given the numbers, it’s easy to understand why Botswana would feel a need to diversify its economy away from heavy reliance on diamond mining. The country produces approximately $3.2 billion worth of diamonds annually, which account for about 70 percent of Botswana’s export revenue, 45 percent of its government revenue and 35 percent of its gross domestic product (GDP). As a result of the global economic crisis, which has seen the country’s diamond production fall by approximately 40 percent, its GDP is expected to fall by about 10 percent in 2009, according to the International Monetary Fund (IMF), after years of consistent growth.
Despite the economic downturn, Botswana has already seen significant progress and investment in developing its diamond industry downstream over the past two years. De Beers, which celebrated 40 years of partnership with the country this year, set up its main sorting facility in Gaborone in March 2008 and established the Diamond Trading Company Botswana (DTCB) to supply diamonds to 16 manufacturers there. To date, Tombale reported, 15 factories are up and running, with the last one due to launch soon. In addition, under the guidance of DTCB sightholder Safdico, the Diamond Technology Park was launched in January 2009 for an investment of $50 million and is being billed as the central hub of Botswana’s diamond-cutting industry. ABN AMRO also recently opened a branch in Gaborone.
Trading Platform
Tombale, however, envisions accomplishing much more and stressed that the time is right to take the next step in building the hub by encouraging third-party trading within the country. He explained in an interview with Rapaport News that the motivation for establishing a diamond-trading platform in Botswana is two-fold.
“The idea is to have a window that we can take some part of our production and market it through the platform,” Tombale said. “Secondly, we need to encourage people who are marketing and trading secondary diamonds to set up some of their operations in Botswana.”
As it stands, Botswana’s fate is intrinsically tied to De Beers. The two have joint-venture agreements as equal owners of the mining company Debswana and the marketing company DTCB. The Botswana government also has a 15 percent stake in De Beers. The creation of a trading platform in the country could cause a break in that relationship, although Tombale stressed that this would not spell the end of the Botswana-De Beers relationship. Rather, “moving forward, not all of Debswana’s production will be sold through DTCB,” he explained.
As an alternative, the country is planning to host rough diamond tenders of stones from Debswana mines and other new mines that are expected to come on line in the future and to create a facility for third parties to host tenders. Tombale said he hopes the new diamond-trading platform will be in place by the end of 2010, allowing others to trade in the country, while the independent marketing of Botswana diamonds “will come a bit later, probably in 2011.”
Price Discovery
He added that introducing the tender system for selling Botswana’s diamonds will enable some price discovery for the rest of Debswana's production. “The hope is that Debswana and De Beers and DTC will be able to use the tool to monitor their prices as well,” he said. While De Beers hosts tenders through its Diamdel subsidiary, it has avoided the format for the majority of its production, opting to sell its diamonds through long-term agreements with sightholders.
Tombale stressed that the Botswana tenders should not work against the De Beers format, but rather complement it, though he added that he believes the market will continue to move further away from the “cartel mentality,” whereby “we all need to learn that there is no longer one individual that sets the price benchmark.”
In making this statement, Tombale lent his voice to the tender versus sightholder system debate that surfaced at the Antwerp Diamond Symposium, which preceded the WFDB meeting. This debate was sparked by the news that Rio Tinto has dropped five of its long-term customers and is planning to start hosting tenders for a minor portion of its production.
“The current environment is showing us that things are not the same anymore,” Tombale said, referring to both the producer-manufacturer relationship and rough price dynamics.
A Matter of Survival
As a result, and as Botswana seeks to secure a more independent role in the industry, its relationship with De Beers seems on the verge of changing, forty years after the two first forged their partnership. As a spokesperson for the country and the face of Botswana diamonds, Tombale couldn't emphasize the importance of the move to the country and his fellow ‘Motswanans’ enough.
“We don’t want to be left at the end of the day without any diamonds when mining ends, so we are trying to build an industry that goes beyond producing,” Tombale said. “That’s an objective far bigger than the relationship with De Beers. It’s a matter of our survival.”
Source:diamonds.net/
Exactly what Zimbabwe is talking about; harboring “VOA relayed facilities in Botswana
That is exactly what Zimbabwe is talking about; harboring “VOA relayed facilities in Botswana" which facilities are being used to relay churned out hate speeches which in turn are polarizing our people. Why is Botswana knowingly allowing this facility to be used to stir up emotions and to cause divisions among Zimbabweans? Is it in the interest of Botswana that Zimbabweans should continue fighting each other because of the propaganda churned out through the relay station they are hosting?
Has Botswana ever asked itself why America, wherever it goes especially to wage illegal wars, bombs radio stations that do not support its stance. In Iraq, an Al Jazeera station was reduced to rubbles. In Kosovo the TV and radio stations were destroyed and innocent lives were lost. In Vietnam, the same thing happened.
However, is it not true that these stations had been in existence for decades, thus, had not been established to broadcasting against the war but had been in existence and broadcasting throughout the world? It should be realized that the moment their reports hurt or attack the very “interests” of the imperialist country (USA) they are bombed. Why has the Junta, led by the homo Khama, in Botswana not ask themselves why this is so?
What Botswana does not realize is that one day and only one day, tables will turn and it will be its turn to defend its territorial integrity, its sovereignty, its independence and its democracy. Madagascar never thought that it would need other countries in the region to help it out of its quagmire and yet, like Botswana, it is hosting a hostile relay station beaming Zimbabwe. Botswana should not say it was never warned. If God allows us to revenge we will look the other way while your country is burning.
What you are doing, Mr Jeff Ramsey and your gay president, is wrong and will NEVER be right simply because it started a long time ago. We have always complained of this station because we knew it was going to come to this. We also have complained about the American military base in your country because we know that one day that facility will be used against us or any other SADC country. We have further complained and will continue to complain about the training of bandits to start and insurgency war in our country or in any other SADC country for that matter.
The moment a facility is used for subversive purposes against neighboring countries, it should be dismantled. In fact it should not have been accepted in the first place. Is it proper for Botswana territory to be used in this manner? The fact that Khama hate President Mugabe because of obvious reasons (“Khama is worse than a pig or a dog”) is not important. What is important is to look at whether the hosting of such a facility is good for the long term interests of SADC and good neighborliness. If it is good as far as Botswana is concerned, well and good; fair and fine, we will remind Botswana when tables turn.
Imperialists do not have permanent friends or enemies but only permanent interests!! Food for thought, Botswana!!!
Source:allafrica.com/
Has Botswana ever asked itself why America, wherever it goes especially to wage illegal wars, bombs radio stations that do not support its stance. In Iraq, an Al Jazeera station was reduced to rubbles. In Kosovo the TV and radio stations were destroyed and innocent lives were lost. In Vietnam, the same thing happened.
However, is it not true that these stations had been in existence for decades, thus, had not been established to broadcasting against the war but had been in existence and broadcasting throughout the world? It should be realized that the moment their reports hurt or attack the very “interests” of the imperialist country (USA) they are bombed. Why has the Junta, led by the homo Khama, in Botswana not ask themselves why this is so?
What Botswana does not realize is that one day and only one day, tables will turn and it will be its turn to defend its territorial integrity, its sovereignty, its independence and its democracy. Madagascar never thought that it would need other countries in the region to help it out of its quagmire and yet, like Botswana, it is hosting a hostile relay station beaming Zimbabwe. Botswana should not say it was never warned. If God allows us to revenge we will look the other way while your country is burning.
What you are doing, Mr Jeff Ramsey and your gay president, is wrong and will NEVER be right simply because it started a long time ago. We have always complained of this station because we knew it was going to come to this. We also have complained about the American military base in your country because we know that one day that facility will be used against us or any other SADC country. We have further complained and will continue to complain about the training of bandits to start and insurgency war in our country or in any other SADC country for that matter.
The moment a facility is used for subversive purposes against neighboring countries, it should be dismantled. In fact it should not have been accepted in the first place. Is it proper for Botswana territory to be used in this manner? The fact that Khama hate President Mugabe because of obvious reasons (“Khama is worse than a pig or a dog”) is not important. What is important is to look at whether the hosting of such a facility is good for the long term interests of SADC and good neighborliness. If it is good as far as Botswana is concerned, well and good; fair and fine, we will remind Botswana when tables turn.
Imperialists do not have permanent friends or enemies but only permanent interests!! Food for thought, Botswana!!!
Source:allafrica.com/
More Fire in Music
The Hon. Assistant Minister of Education and Skills Development, Keletso Rakhudu officially opened the 2009 Botswana Music Camp (BMC) on Wednesday.
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The BMC is now 25 years old. It began in 1985 as the Botswana International School of Music. Then in 1989 became the one-week music camp held at the end of the year following the start of the school holidays.
This is the first music camp to be full through advance registration long before it started. The 85 "students" are enjoying an intense week of activities from dawn to late at night out at the Botswana College of Agriculture at Sebele.
The key sponsor this year and the previous four years is Standard Chartered Bank.Following a welcome to those gathered at the opening ceremony by Ms Gaolape Bashui, Chairperson, BMC, Mr David Cutting, Managing Director, Standard Chartered Bank spoke in appreciation of the music camp and what it accomplishes and promised to continue to be involved.
He commented that, "Musicians are like uncut diamonds". He urged people to attend the free MBC concert at Maitisong Saturday evening the December 12 from 7:30 to 10:30 pm. The Assistant Minister, commenting that "I and Mr Cutting look like aliens" because they were the only people in the hall wearing jackets and ties, confessed that both of them are much closer to the music camp than might be assumed. Both of them share a love of music and play instruments.
Hon Rakhudu is an old-time guitar player and singer and now has added the Alto-Saxophone to his accomplishments and Mr Cutting has recently acquired a Saxophone and has started lessons.
Sandwiched between the speeches there were performances by Mokgweetsi Kabomo, Michael Sibanda and David Spande on the Marimbas, a Saxophone solo by Mpupile Mathibe (he joked that the name of the piece was "My father left me when I was six"), and a song and dance from the stands by the assembled students.
All demonstrated with great enthusiasm that the slogan of this year's music camp, "More Fire in Music"-on all the T-shirts donated by the SCB-was very true.
Hon Rakhudu began by ripping up the speech that had been prepared for him. He confessed it was inappropriate for the occasion.
He blessed the plurality and diversity known to music, recognizing that music is universal. He commented on the unique combination of talent and skill that had been displayed in the various renditions.
He applauded the Botswana Music Camp and all the ways it had been effective over the years in developing music in the country. He observed that music heals, that it helps to keep one in balance, that music puts you at rest.
He reminded everyone that the Government does support music and is helping to fund various activities.
He recognised the role of the new Department of Art and Culture in the Ministry of Youth, Sport and Culture (MYSC, turning it into a word) in developing music in the country. He bemoaned that musicians tended to be recognised more after they died than while they were living.
He hoped to see music infused throughout the school curriculum.
On being presented with a sky-blue T-shirt by the music camp the Assistant Minister held it over his shirt and tie like a bib. David Slater of the BMC gave the vote of thanks.
Source:mmegi.bw/
Reflection On Human Rights And, HIV/AIDS In Botswana
I wish to preamble my commentary by asserting that from a global perspective, Botswana is among the countries hardest hit by HIV/AIDS. It is not unknown that HIV/AIDS is a real and major threat directly linked to the continued protection as well as promotion of fundamental human rights.
To withstand this threat posed by this epidemic the state must discharge the human rights obligations vested on it for the success of this nation in the fight against the disease. HIV/AIDS is not only a health issue; rather it has huge social and economic implications that require multi-sectoral responses.
Poverty, gender inequality, etc, are all examples of social and economic factors that can increase vulnerability to HIV infections. Children, youth and women are at a greater risk. Women are particularly vulnerable to infection due to a complex mix of discrimination, economic deprivation, cultural and biological factors. I am not aware of any specific law in Botswana that targets social security and HIV/AIDS.
I only know of utilisation of social protection system to address the repercussions of the epidemic but this notion of social protection is underdeveloped and dangerously fragmented, with no underlying policy to guide its implementation for the desired ends to be attained.
It is advisable that we yield from the Vienna Declaration and Programme of Action which clearly points out that women’s rights are to recognised and protected as Human rights. This declaration also acknowledges that violence against women is a serious violation of fundamental human rights. Perpetrators of this brutality must be rehabilitated and empowered to run their lives in accordance with International Human rights framework.
In the absence of protection of Human rights, vulnerability to HIV/AIDS becomes difficult to avert. The velocity at which human rights organizations like BONELA are preaching promotion and protection of human rights in the context of HIV/AIDS is commendable.
There gesture is exactly in line with the call for human rights and for compassion and solidarity with People Living With HIV/AIDS which had been explicitly embodied in the World Health Organisation (WHO)’s first response to AIDS. This approach was motivated by moral outrage and also by the recognition that protection of human rights was a requisite element of a worldwide public health response to the epidemic.
It is not in doubt that public health strategy in human rights terms is anchored in the international law, and this makes governments and intergovernmental organisations publicly accountable for their actions toward PLWA.
The need to promote human rights in the fight against HIV/AIDS is an urgent one. If human rights are not protected and promoted, this will make people more vulnerable to physical and emotional injury and attack.
They will become assailable and open to censure and criticism. They will become fragile and subject to harm and hurt from both external and internal sources. Lack of recognition of human rights not only causes unnecessary personal suffering and loss of dignity for these people living with HIV/AIDS but it also directly fuels the spread of the epidemic. Observably, the spread of HIV/AIDS is disproportionately high among groups that suffer from a lack of human rights protection, social and economic discrimination or marginalisation in terms of legal status.
There is a definite need to bring human rights to the forefront of the fight against HIV/AIDS with the understanding that a rights-based approach is vital in recognising societal vulnerability to HIV/AIDS. Policies should be monitored to ensure that those implemented are compliant with a human rights approach. With this situation that I am visualising coupled with robust social justice our dream of ‘No new HIV infections by 2016’ will come to pass.
Morategi Richo Montgomery
Social Worker
Tutume Primary Hospital
71243470/2987249
montgomem@yahoo.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Source:gazettebw.com/
To withstand this threat posed by this epidemic the state must discharge the human rights obligations vested on it for the success of this nation in the fight against the disease. HIV/AIDS is not only a health issue; rather it has huge social and economic implications that require multi-sectoral responses.
Poverty, gender inequality, etc, are all examples of social and economic factors that can increase vulnerability to HIV infections. Children, youth and women are at a greater risk. Women are particularly vulnerable to infection due to a complex mix of discrimination, economic deprivation, cultural and biological factors. I am not aware of any specific law in Botswana that targets social security and HIV/AIDS.
I only know of utilisation of social protection system to address the repercussions of the epidemic but this notion of social protection is underdeveloped and dangerously fragmented, with no underlying policy to guide its implementation for the desired ends to be attained.
It is advisable that we yield from the Vienna Declaration and Programme of Action which clearly points out that women’s rights are to recognised and protected as Human rights. This declaration also acknowledges that violence against women is a serious violation of fundamental human rights. Perpetrators of this brutality must be rehabilitated and empowered to run their lives in accordance with International Human rights framework.
In the absence of protection of Human rights, vulnerability to HIV/AIDS becomes difficult to avert. The velocity at which human rights organizations like BONELA are preaching promotion and protection of human rights in the context of HIV/AIDS is commendable.
There gesture is exactly in line with the call for human rights and for compassion and solidarity with People Living With HIV/AIDS which had been explicitly embodied in the World Health Organisation (WHO)’s first response to AIDS. This approach was motivated by moral outrage and also by the recognition that protection of human rights was a requisite element of a worldwide public health response to the epidemic.
It is not in doubt that public health strategy in human rights terms is anchored in the international law, and this makes governments and intergovernmental organisations publicly accountable for their actions toward PLWA.
The need to promote human rights in the fight against HIV/AIDS is an urgent one. If human rights are not protected and promoted, this will make people more vulnerable to physical and emotional injury and attack.
They will become assailable and open to censure and criticism. They will become fragile and subject to harm and hurt from both external and internal sources. Lack of recognition of human rights not only causes unnecessary personal suffering and loss of dignity for these people living with HIV/AIDS but it also directly fuels the spread of the epidemic. Observably, the spread of HIV/AIDS is disproportionately high among groups that suffer from a lack of human rights protection, social and economic discrimination or marginalisation in terms of legal status.
There is a definite need to bring human rights to the forefront of the fight against HIV/AIDS with the understanding that a rights-based approach is vital in recognising societal vulnerability to HIV/AIDS. Policies should be monitored to ensure that those implemented are compliant with a human rights approach. With this situation that I am visualising coupled with robust social justice our dream of ‘No new HIV infections by 2016’ will come to pass.
Morategi Richo Montgomery
Social Worker
Tutume Primary Hospital
71243470/2987249
montgomem@yahoo.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Source:gazettebw.com/
STOCKS NEWS EUROPE,Firestone up on Botswana mine update
Shares in Firestone Diamonds (FDI.L) rise 7.0 percent after the AIM-listed company says it is planning to start development of commercial mining operations on its BK11 mine in Botswana.
Firestone says production will start ahead of schedule in the second quarter of 2010 with a plant capacity of about 650,000 tonnes per annum and full production capacity of 1.5 million tonnes per annum will be in place in the third quarter.
"Today's announcement is very positive news for Firestone Diamonds and we will now see the company making the transition to a full-scale kimberlite mining company," Evolution Securities analyst Charles Kernot, who has a "buy" rating and a price target of 50 pence on the stock, says in a note.
Source:uk.reuters.com/
Firestone says production will start ahead of schedule in the second quarter of 2010 with a plant capacity of about 650,000 tonnes per annum and full production capacity of 1.5 million tonnes per annum will be in place in the third quarter.
"Today's announcement is very positive news for Firestone Diamonds and we will now see the company making the transition to a full-scale kimberlite mining company," Evolution Securities analyst Charles Kernot, who has a "buy" rating and a price target of 50 pence on the stock, says in a note.
Source:uk.reuters.com/
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