Aussie explorer threatens govt with SADC

Friday, August 15, 2014

The piece of land in Ngamiland at the centre of the dispute

Australian mineral explorer, Mount Burgess, which is currently involved in a 14-month acrimonious battle with government over zinc and silver licences in Ngamiland, could drag Botswana to SADC for “violating” an investment protocol.

The two parties have tussled since Monday May 13, 2013 when Mount Burgess learnt that the Ministry of Minerals, Energy and Water Resources had rejected its application for the renewal of a prospecting licence for an area in Ngamiland potentially holding 33 million tonnes in zinc and silver.

Mount Burgess had spent 16.2 million Australian Dollars (P133.5 million) in Ngamiland between 2003 and 2012 in proving the mineralisation, before pumping a further 1.2 million Australian Dollars (P9.9 million) in the months to May 13 on the goodwill assumption that the licence would be renewed.

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