Botswana seeks even greater Australian investment in new mining projects

4 September, 2008 in Botswana, Business, Mining

source: IM Mining
Posted on September 3rd, 2008

Australia’s mining fraternity has been encouraged to extend its involvement in one of Africa’s most successful mineral resources states under the safety net of a proven fiscal and monetary regime. Addressing the first day in Perth of the record breaking Paydirt 2008 Africa Downunder Resources Conference, Botswana’s Minister for Minerals, Energy and Water Resources, the Hon. Ponatshego Kedikilwe, said the country’s forward growth strategy now had an emphasis on international partnerships, with Australia a favoured participant.

“There has nothing gone seriously amiss with our regimes applying to mining in Botswana since we commenced a liberalisation of fiscal and monetary policy,” Kedikilwe said. “It is critical that Botswana sends a clear global message of investment security for our mining future. This includes prompt and adequate compensation if for some reason, a particular piece of mineral ground is needed for wider community use.

“We have created an investment climate which highly favours Australian mining investment in Botswana’s future. This now includes no exchange controls, no restrictions on the [continue reading]