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Knives out for Minister Moagi over $27bn Mineral Deal

UNESCO and its protection of World Heritage Sites are being advanced as reasons for withholding renewal of a prospecting licence for iron in the Okavango but the company involved is calling this a ruse and has gone to court to assert its position

mm by Staff Writer
November 10, 2022
in News
Reading Time: 1 min read
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Minister confirms looming fuel shortage

GABORONE 7 April 2022, Minister of mineral resources , green technology and energy security Lefhoko Moagi officiates at the launch of the Standard Chartered bank Botswana solar brach in Gaborone on 7 April 2022. Standard Chartered bank powered the Main Mall branch as the first ever with solar power system as the sustainable innovation. Chief executive officer of the bank Mpho Masupe, British high commissioner to Botswana and SADC Sian Prince were present among the others during the launch. Moagi during the launch. (Pic:Monirul Bhuiyan/PRESS PHOTO)

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An international diamond and metal exploration company has launched a court application against the Minister of Minerals and Energy Lefoko Moagi setting aside his decision not to renew its prospecting licence or pay US$65 million in damages. 

At the core of the high-stakes dispute are territorial demarcations. According to the government, the area sought for renewal of the prospecting licence falls within a buffer zone of the Okavango Delta that is protected by UNESCO as a World Heritage Site.

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Tags: Gcwihaba ResourcesLefoko MoagiOkavango DeltaTsodilo Resources Limited

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