Capital Resources brings mining giants to Gaborone

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After hosting the first ever Botswana Economic Forum (BEF) last month, Capital Resources is bringing captains of the mining industry to Gaborone for the annual Botswana Resources Conference.

In its fifth edition, the conference to be held on 23-24 July at the Gaborone International Conference Centre (GICC) is meant to benefit local and global resource institutional investors. It aims to provide an insight into developments in Botswana's resource sector. The conference comes at a time of heightened activity and anxiety in the country's mining industry. Over 400 prospecting licenses have been issued to mining companies to look for minerals in Botswana - the world's leading producer of rough diamonds.

About 20 listed resource companies with projects focused on Botswana, will make presentations at the conference. Among speakers at the conference are executives from Botswana listed mining companies including representatives from CIC Energy. CIC representatives are likely to give an update on the Mmamabula Export Energy Project. Last month, the company's CEO, Greg Kinross, said they are considering downsizing the project to accommodate costs after it failed to reach a deal with its preferred Engineering Procurement and Construction (EPC) contractor.

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