�End of mining secrecy� � EU

The European Union (EU) has passed historic legislation re quiring oil, gas, mining and logging companies to publish the pay­ments they make to governments for access to natural resources country-by-country and project-by-project where they operate this week.

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.

Editor's Comment
Watch your tongue Mr President

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...

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