Mmegi

Glimmers of hope in mining’s doom and gloom

Anchoring hope: Kenewendo at the Future of Mining Summit PIC: PHATSIMO KAPENG
Anchoring hope: Kenewendo at the Future of Mining Summit PIC: PHATSIMO KAPENG

Between multi-billion Pula expansions in copper and a P3 billion U.S government loan for the Kanye manganese project, mining is alive with hope. Even the troubled diamond sector received a timely boost this week from a landmark marketing deal. MBONGENI MGUNI writes

It’s quite easy to conflate the downturn in diamonds with a slump in the general mining industry. In fact, it’s almost inevitable.

After all, diamonds dominate receipts earned from the mining sector in terms of tax revenues, royalties and dividends to government. The country’s diamond mines have the highest direct and indirect employment figures in the mining sector and are also the main breadwinners in terms of foreign currency receipts.

Editor's Comment
No room for perjury

It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...

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