Govt suspends royalties for copper miners

Kitso Mokaila briefing the media.PIC.KENNEDY RAMOKONE
Kitso Mokaila briefing the media.PIC.KENNEDY RAMOKONE

Government has deferred royalty payments for the struggling copper miners, as part of efforts to save jobs in the mining industry, which has been hit hard by weak international commodity prices. When addressing the media in Gaborone yesterday, the minister of Minerals, Energy and Water Resources, Kitso Mokaila said the country’s two privately owned copper miners Discovery Metals and African Copper will be saved from paying royalties for up to a year.

“A decision has been taken to defer the payment of royalties for the copper mining companies. The decision will be reviewed after a year then we will decide whether the market has recovered enough for copper mining to become viable again, then they will pay the royalties. It is deferment not a write off.

It is part of measures being put in place to save jobs in the industry,” he said.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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