Those aiming to invest in Botswana as a mining destination need to consider installing power lines and improving transport, says mining consultancy Core Consultants MD Lara Smith, who says the landlocked country faces significant infrastructure challenges that affect its mining sector.
She tells Mining Weekly that TSX- and BSE-listed Hana Mining, a prospective copper producer in the region, might be considering a partnership with the Botswana government to erect a power line for its in-country operations.
In February last year, private equity firm Cupric Canyon Capital successfully acquired Hana Mining, which included the company’s copper mining division Hana Ghanzi.
Hana Ghanzi holds five prospecting licences for its Ghanzi Project, in the centre of the Kalahari Copperbelt, in north-western Botswana, covering 2 149 km².
According to a report titled ‘Botswana Resource Sector Overview 2013/14’, which was issued in 2013 by UK-based investment company Capital Resources, Cupric plans to complete a feasibility study this year, “as the company foresees significant resource potential in openpit and underground operations”.
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