�End of mining secrecy� � EU

The European Union (EU) has passed historic legislation re quiring oil, gas, mining and logging companies to publish the pay­ments they make to governments for access to natural resources country-by-country and project-by-project where they operate this week.

During President Festus Mogae’s ten­ure, Botswana joined the Extractive In­dustries Transparency Initiative (EITI) that sought to promote transparency among countries rich in minerals.

The new rules regulate the provision of financial information by all limited li­ability companies registered in the Eu­ropean Economic Area (EEA), mean­ing several locally based miners are likely to be affected.

Editor's Comment
Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

Have a Story? Send Us a tip
arrow up