Window for citizens to buy shares in new mines :: Mmegi Online

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%.

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