Botswana Cautions States on Mineral Boom

African governments must be wary of the risks created by rising global competition for the continent’s minerals, Botswana’s mines minister said, as world powers seek new sources of metals needed for the transition to a lower carbon economy. “When there is a rush, people come in, take whatever they want to take, and go, leaving gaping holes in Africa,” Lefoko Moagi, whose remit also includes energy and green technology. Botswana is reviewing its mines and minerals legislation to “tighten up” laws on mine rehabilitation, for example, Moagi said. “If you want to push production because there is money that is being dangled, you start compromising on how you legislate, how you do your environmental permitting, how you consult your communities,” he said. “There is a great danger there that Africa must watch out for.” Mining accounts for around a fifth of Botswana’s GDP and 80% of export earnings, with diamonds the biggest contributor. The country is also seeking to reduce its reliance on diamonds and is ramping up exports of coal as demand surges, even as the world seeks for the longer term to reduce coal use because of its carbon emissions.

SOURCE: REUTERS