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Gov’t to cede mining equity entitlement to Batswana

Friday, July 07, 2023 | 730 Views |

Sharing empowerment: Moagi PIC: MBONGENI MGUNI

The ongoing winter Parliament is expected to debate changes to the Mines and Minerals Act which propose that government’s existing entitlement to purchase 15% in any new mining venture, be ceded to citizen investors.

Amendments to the Act could also potentially see the 15% equity option for government increased to 26%, BusinessWeek has established.

The current Mines and Minerals Act allows government to buy a 15% shareholding in any new mining project, with an option for a higher, negotiated stake in diamond mines.

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Gov’t to cede mining equity entitlement to Batswana

The ongoing winter Parliament is expected to debate changes to the Mines and Minerals Act which propose that government’s existing entitlement to purchase 15% in any new mining venture, be ceded to citizen investors.