A review of mineral development and investment policies of Botswana |
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| Institution: | 1. Business School, Lingnan University, Hong Kong, China;2. School of Economics and Management, Changsha University of Science and Technology, Changsha, China;3. Department of Data Science and Economic Policy, University of Cape Coast, Ghana;1. Surrey Business School, Faculty of Arts and Social Sciences, University of Surrey, Alexander Fleming Rd, Guildford, GU2 7XH, United Kingdom;2. School of Health and Human Services Community Health, National University, San Diego, CA, 92123, United States;3. Department of Epidemiology, Florida International University, Miami, FL, 33199, United States;4. School of Public Service and Governance, Ghana Institute of Management and Public Administration, P. O. Box AH50, Accra, Ghana |
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| Abstract: | Botswana's mineral policy objective is primarily to maximize the national economic benefit from the development of mineral resources. In 1999, the government replaced the old mining code of 1977, which was out of tune with prevailing economic philosophies with a new mining code. Although, the old act had its shortcomings it served the country reasonably well for 20 years, during which time the country was transformed from being one of the poorest of the world's poor to a middle income country. One of the cornerstones of the new and old mining codes is that government does not subscribe to privately owned minerals rights. The Botswana government attempts to provide a fair balance between the various stakeholders. There are, however, areas in the mineral policy and mining codes that need to be critically reviewed as outlined in this paper. |
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