�End of mining secrecy� � EU
Friday, April 11, 2014
During President Festus Mogae’s tenure, Botswana joined the Extractive Industries Transparency Initiative (EITI) that sought to promote transparency among countries rich in minerals.
The new rules regulate the provision of financial information by all limited liability companies registered in the European Economic Area (EEA), meaning several locally based miners are likely to be affected.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...