Window for citizens to buy shares in new mines

Batswana will be able to buy up to 26% in new mining ventures
Batswana will be able to buy up to 26% in new mining ventures

Government is working on plans to open a window, which will allow Batswana to buy up to 26% in new mining ventures as part of efforts to empower citizens in an industry that is largely dominated by imported capital. Due to the huge capital outlays that are required in starting up mining projects, ordinary Batswana’s participation in the industry is currently only limited to buying shares in listed companies.

Deputy permanent secretary in the ministry of minerals, energy and water resources, Nchidzi Mmolawa yesterday told a Stanbic Bank Mining and Metals conference that plans to empower Batswana are part of the changes contained in the review of the Minerals Policy.

 Some of the changes that headline the minerals policy review include an increase in the percentage that government can buy in new mining ventures from the current 15% to 26%.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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