Monday 5 March 2012

Botswana ranked Africa's preferred mining address

Mmegi: "The country was also highly ranked in terms of corruption, low trade barriers, political stability and low national security risks, as well as fair legal processes, low labour militancy and consistent mining policies.Respondents heaped praise on Botswana and its government, urging other African states to emulate its example. "Botswana encourages and assists project development; it is the jurisdiction other African countries should strive to copy," said one respondent, a president of an exploration company.Another Survey respondent, the managing director of an exploration company, was quoted as saying: "The Botswana Government wishes to improve the lifestyle of its people by optimising its mineral wealth; this is reflected in the policy environment."Surprisingly, the 2011 Survey ranked Botswana strongly in infrastructure, with the majority of respondents either saying existing infrastructure encouraged or was not a deterrent to mining investment.By comparison, higher percentages of respondents cited existing infrastructure as a mild deterrent to mineral investment in regional giant South Africa as well as in Namibia.
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