Tsodilo joins the Walvis Bay Corridor Group
Tsodilo joins the Walvis Bay Corridor Group

Tsodilo joins the Walvis Bay Corridor Group

Phillepus Uusiku
The Walvis Bay Corridor Group (WBCG) announced Tsodilo Resources Limited as their latest member. Tsodilo is an international diamond and metals exploration company engaged in the search for economic diamond, metal deposits and industrial stone at its Bosoto, Gcwihaba and Newdico 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 and the PL216/2017 diamond prospection license also in the OKF.

In addition, the company has a 100% stake in its Gcwihaba project area consisting of seven metals base, precious, platinum group, and rare earth prospecting licenses all located in the North-West district of Botswana.

Furthermore, Tsodilo has a 100% interest in its Newdico industrial stone project located in Botswana’s central district. Tsodilo manages the exploration of the Newdico, Gcwihaba, and Bosoto projects.

Overall supervision of the company's exploration program is the responsibility of Alistair Jeffcoate, project manager and chief geologist of the company and a "qualified person" as such term is defined in National Instrument 43-101.

Tsodilo Resources joins the corridor group to explore potential opportunities for its operations. The company becomes the first mining outfit to join the Corridor Group’s associated membership programme.

The programme aims to grow the organisation’s membership base in order to strengthen its standing as a Public-Private-Partnership (PPP). The WBCG serves as the marketing agency on behalf of all its private and public members to promote the port of Walvis Bay through the Walvis Bay corridors as an entry and exit point to and from the Southern African Development Community (SADC) region. “Facilitating trade and business connections is a crucial activity to ensure we see the growth of cargo volumes on our corridors,” says WBCG’s manager for communications and marketing, Cindy-Lu Hasheela.

Integration

Of specific importance to Tsodilo is the Walvis Bay Ndola Lumumbashi Development Corridor (WBNLDC) which connects Namibia, Zambia and Democratic Republic of Congo (DRC) with links to Angola, Zimbabwe, Malawi and Tanzania. WBNLDC provides the shortest route between the Namibian west coast Ports of Lüderitz and Walvis Bay and the vital transport hubs of Livingstone, Lusaka and Ndola in Zambia, Lubumbashi (southern DRC), and Zimbabwe. This corridor is perfectly positioned to service the two-way trade between the SADC region and Europe, North and South America and emerging markets in the East, see Figure 1 for a regional context to this important transport corridor.

The proposed Trans-Zambezi rail extension between Grootfontein and Katima Mulilo is significant to Tsodilo as the extension is planned to pass through Divundu in Namibia which is located approximately 35 kilometers from their license location in Northern Botswana. The feasibility study is expected to be completed by the end of 2021 and its results will be considered in their Preliminary Economic Assessment (PEA). “The proposed rail extension is an important development for Tsodilo as it opens up a proximate rail transportation system for the delivery of the projects potential iron products, such as iron concentrate, iron pellets, potential direct reduced iron (DRI) products, and Ferrosilicone (FeSi) products, throughout central, eastern and southern Africa as well as international markets” commented the Company’s Chairman and CEO, James Bruchs.

“We are excited to collaborate with Tsodilo Resources to see increased business opportunities for our transport sector”, says Hasheela.

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Republikein 2024-05-30

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Katima Mulilo: 11° | 32° Rundu: 10° | 31° Eenhana: 11° | 31° Oshakati: 11° | 29° Ruacana: 13° | 29° Tsumeb: 13° | 28° Otjiwarongo: 10° | 26° Omaruru: 10° | 27° Windhoek: 8° | 23° Gobabis: 10° | 27° Henties Bay: 13° | 17° Wind speed: 21km/h, Wind direction: S, Low tide: 02:35, High tide: 08:47, Low Tide: 14:47, High tide: 21:27 Swakopmund: 13° | 15° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:45, Low Tide: 14:45, High tide: 21:25 Walvis Bay: 12° | 18° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:44, Low Tide: 14:45, High tide: 21:24 Rehoboth: 10° | 24° Mariental: 10° | 26° Keetmanshoop: 9° | 22° Aranos: 9° | 27° Lüderitz: 10° | 19° Ariamsvlei: 8° | 18° Oranjemund: 10° | 16° Luanda: 22° | 26° Gaborone: 11° | 26° Lubumbashi: 11° | 29° Mbabane: 13° | 24° Maseru: 5° | 20° Antananarivo: 12° | 21° Lilongwe: 13° | 26° Maputo: 17° | 28° Windhoek: 8° | 23° Cape Town: 12° | 15° Durban: 16° | 22° Johannesburg: 13° | 20° Dar es Salaam: 22° | 32° Lusaka: 15° | 29° Harare: 13° | 25° Currency: GBP to NAD 23.82 | EUR to NAD 20.3 | CNY to NAD 2.59 | USD to NAD 18.74 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.17 | USD to AOA 852.22 | USD to BWP 13.64 | USD to EGP 47.2 | USD to KES 129.73 | USD to NGN 1320 | USD to ZAR 18.74 | USD to ZMW 27 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77161.71 Down -1.8% | Namibian Stock Exchange (NSX) Overall Index 1674.92 Down -2.89% | Casablanca Stock Exchange (CSE) MASI 13313.64 Down -0.25% | Egyptian Exchange (EGX) 30 Index 26922.76 Down -0.62% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 342.35/OZ UP +0.16% | Copper US$ 4.63/lb DOWN -0.0249 | Zinc US$ 3 080.30/T DOWN -0.21% | Brent Crude Oil US$ 82.26/BBP DOWN -0.0176 | Platinum US$ 1 023.63/OZ DOWN -0.0139 Sport results: Weather: Katima Mulilo: 11° | 32° Rundu: 10° | 31° Eenhana: 11° | 31° Oshakati: 11° | 29° Ruacana: 13° | 29° Tsumeb: 13° | 28° Otjiwarongo: 10° | 26° Omaruru: 10° | 27° Windhoek: 8° | 23° Gobabis: 10° | 27° Henties Bay: 13° | 17° Wind speed: 21km/h, Wind direction: S, Low tide: 02:35, High tide: 08:47, Low Tide: 14:47, High tide: 21:27 Swakopmund: 13° | 15° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:45, Low Tide: 14:45, High tide: 21:25 Walvis Bay: 12° | 18° Wind speed: 27km/h, Wind direction: S, Low tide: 02:33, High tide: 08:44, Low Tide: 14:45, High tide: 21:24 Rehoboth: 10° | 24° Mariental: 10° | 26° Keetmanshoop: 9° | 22° Aranos: 9° | 27° Lüderitz: 10° | 19° Ariamsvlei: 8° | 18° Oranjemund: 10° | 16° Luanda: 22° | 26° Gaborone: 11° | 26° Lubumbashi: 11° | 29° Mbabane: 13° | 24° Maseru: 5° | 20° Antananarivo: 12° | 21° Lilongwe: 13° | 26° Maputo: 17° | 28° Windhoek: 8° | 23° Cape Town: 12° | 15° Durban: 16° | 22° Johannesburg: 13° | 20° Dar es Salaam: 22° | 32° Lusaka: 15° | 29° Harare: 13° | 25° Economic Indicators: Currency: GBP to NAD 23.82 | EUR to NAD 20.3 | CNY to NAD 2.59 | USD to NAD 18.74 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.54 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.17 | USD to AOA 852.22 | USD to BWP 13.64 | USD to EGP 47.2 | USD to KES 129.73 | USD to NGN 1320 | USD to ZAR 18.74 | USD to ZMW 27 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77161.71 Down -1.8% | Namibian Stock Exchange (NSX) Overall Index 1674.92 Down -2.89% | Casablanca Stock Exchange (CSE) MASI 13313.64 Down -0.25% | Egyptian Exchange (EGX) 30 Index 26922.76 Down -0.62% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 342.35/OZ UP +0.16% | Copper US$ 4.63/lb DOWN -0.0249 | Zinc US$ 3 080.30/T DOWN -0.21% | Brent Crude Oil US$ 82.26/BBP DOWN -0.0176 | Platinum US$ 1 023.63/OZ DOWN -0.0139