Post #64

🇧🇼Botswana: 24% Home or Don’t Come 🌏 Botswana has started enforcing a 24% local ownershiprule fornew mining concessions. If the state chooses not to buy the stake itself, companies must sell 24% to local investors or firms. "Anyone who has two shirts should share at least 24% with the one who has none", Luke 3:11, if I'm not misspelling Botswana is not the first to introduce an obligatory local share for new enterprises: 👉 South Africa:30% under the Mining Charter for new mining rights 👉 Zimbabwe:51% in strategic minerals 👉 Ghana:10% government free carry in mineral rights. 👉 Tanzania:16% government free carry 👉Namibia:5–20% progressive by development stage. This further strenghens the trend towards local value creation and broader taxation of mining projects in the era of ever-rising commodity prices. By the way, this genuinely global trend also shows why accusing the some governments (e.g. Mali, Niger etc) of resource nationalism is nothing more than partisanship or inability to see the whole picture. Devils Below