Gov't seeks bigger stake in mining companies

BusinessWeek is informed that the amendments also propose that should government turn down the right to take up the 26%, the mining company should offer the same to Batswana.

The amendments, highly-placed sources say, would affect new mining ventures and not existing ones. An initial discussion between the Ministry of Mineral Resources, Green Technology and Energy as well as local and international mines and mining investors took place virtually recently. Another meeting is planned before year-end and the ministry is hoping to have completed external and inter-governmental consultations on time to present next year’s Winter Parliament with agreed proposals.