Mining industry turbulent in 2017

Friday, December 22, 2017

Botswana’s mining industry went through troubled times during 2017, especially with the closures of several mines in the preceding years.

Having experienced effects of the domestic economic contraction, the industry was dealt a severe blow by the closure of the BCL Mine in October of the prior year.

According to the 2017 budget speech, the negative growth of the economy was mainly due to weak performance of the mining sector, as a result of the reduction in diamond and copper production.

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Mining industry turbulent in 2017

Botswana’s mining industry went through troubled times during 2017, especially with the closures of several mines in the preceding years.