MINING MINISTER LURES INVESTORS

Government of Botswana strives to position the nation as the best mining destination as it continues to amend minerals and mining policies.

Officially opening the Botswana Resource Infrustructure Energy Forum, Minister of Mineral and Energy, Lefoko Moagi explained that Government is continually improving its processes to keep pace with the ever changing world that is largely influenced by technology, and consequently refine the ways and means of mining through the Environment, Social and Governance protocols (ESG). “Proper management of resources is an equally important exercise that should be reflected in our policies and legislation.” The Diamond Cutting Amendment Bill and the Precious and Semi-Precious Stones (Protection) Amendment Bill were passed into

Acts before Parliament in August last year while the amendment of the Mines and Minerals Act is currently in progress. Moagi said through these developments, Government is positioning herself to make Botswana a conducive environment for mining and ultimately achieving its goal of being a mining destination of choice.

Botswana Minerals Policy has been recently adopted by Parliament in March 2022. The Policy solidifies and focuses Government’s commitment to plan, develop and manage minerals for the benefit of Batswana and mining industry. The Policy also provides guiding principles for the development and growth of the minerals sector, taking into account current and emerging issues. Moagi also pointed out that the geopolitical situation in the West, Ukraine in particular, is an emerging challenge contributing to growing uncertainties in global markets. “It would not be unusual if these events could have an influence on the mining industry as it would on other industries. There are several scenarios that could play out for the mining industry as a result of Russia-Ukraine conflict.”

He said while it is too early to understand the full impact of the crisis, the longer it goes on, the deeper its effects will be felt on the world markets, including minerals. “Considering the volatile state of the minerals market, concerns are understandable. Our hope and prayer is that a speedy resolution of the conflict will be reached.”