Botswana endorses Mining Indaba

The President of Botswana, Mokgweetsi Masisi, is the latest Head of State to announce his involvement in the forthcoming Mining Indaba project. The presidential keynote address will be delivered.

Several leaders from around the continent have reported their involvement in the forthcoming mining project.

The event will take place on a virtual basis, coordinated by Investing in African Mining Indaba on 2-3 February.

The mining sector is the backbone of Botswana’s economy, and one of the largest contributors to gross domestic product (GDP) with minerals comprising almost 80 per cent of export earnings.

In 2018, Botswana was the world’s second-largest diamond producer by value and volume. However, there are significant investment opportunities in the expansion and development of the country’s coal, coal bed methane, uranium, gold and silver.

Building into the overall theme of Mining Indaba Virtual, geared towards building resilience and regrowth, helping to adopt a new mindset for African Mining, Masisi is expected to address Botswana’s mining sector development.

This includes progress on production and volumes in diamonds, gold, copper, coal, and iron ore; new diamond and copper licensing opportunities for explorers and junior miners.

He will also discuss developments of infrastructure in Botswana’s Western corridor to stimulate international investment and safeguarding investors through transparency and sustainable fiscal regimes.

Botswana is currently looking to expand its renewable energy generation up to 15 per cent by the end of this decade.

Masisi will be joining the already confirmed presidents Cyril Ramaphosa (South Africa), Félix Tshisekedi (Democratic Republic of Congo) and Julius Maada Bio (Sierra Leone) at the Mining Indaba.