Kneipe Setlhare explores new mining avenues with Uranus Minerals
Botswana businessman Kneipe Setlhare's registration of a new company, Uranus Minerals, on 27 September in Gaborone, has been raising questions about what he plans to do next.
Ater buying BCL's mining assets, Canadian Premium Nickel Resources has just invested in the region's tourism sector, much to the delight of President Masisi, who wants mining groups to boost the country's second biggest source of revenue, which was hit hard by Covid-19.
In Gaborone, the government of Mokgweetsi Masisi is hoping to capitalise on the sale of the assets of the former public copper-nickel-cobalt flagship BCL to promote job creation, which until now has been touted as the main weakness of its economic programme.
The De Beers-Botswana state JV, which represents a third of the country's GDP, is looking for a new boss and with the company in the process of renegotiating its diamond sales contract, the choice of CEO is tangled with political considerations.
Earlier this month, the owner and CEO of Botswana tour operator Inter-Tourism Group (ITG) Sean Sebele, who has a long-established career in the safari and guided tours business in Botswana, founded the company ITG Mining (on 4 July).
Chosen by Gaborone to take over the state's fallen copper and nickel star BCL, which went into liquidation in 2016, Canadian group Premium Nickel Resources has called on a local duo to structure what will be its first foray into the country.