MINING CONTRIBUTES 10 PERCENT INTO
The mining sector contributes an estimated 10 percent Gross Domestic
Product (GDP) into the country's economic growth.
This was said by Minister of Mining, Mr. Lebohang Thotanyana in a
statement he delivered in the National Assembly on Tuesday.
Mr. Thotanyana said the mining sector is currently generating about
3000 jobs while money into the government purse is well over M1
billion through taxes and royalties plus a foreign currency
exceeding 500 million US dollars.
He said the aim of his Ministry is to increase the operational of
diamond mines from the current two to six by 2020.
“Liqhobong Mine has just invested M2.4 billion, adding that the mine
is testing a new plant which has already started operations,” he
The Minister said Kolo Mine is now bringing mining material like
machinery as well as compliance with Environmental Impact Assessment
Mr. Thotanyana also pointed out that the Cabinet has offered Sputnik
Investments a mining license at Mothae, adding that at Lemphane, his
Ministry is yet to make an expression of interest to the mining
company while with Motete, the Ministry is still in negotiation with
interested mining companies to award licenses.
He said the ministry also aims to attract investments in excess of
M5 billion as well as to increase job opportunities from 3000 to
5000 in the mining sector alone and the production from 340 carats
to 1,500 carats.
“This will make Lesotho one of the world leading diamond producers,”
Mr. Thotanyana said his ministry is also looking at the mining
diversification in which Lesotho Geo Chemical Mapping Project is
done by the government to discover mineral elements that are close
He said there are opportunities in the country of hydro-carbons like
oil and gas in the country.
Currently there are two operational mines which are Lets'eng
diamonds and Kao and both are situated in the Mokhotlong district.
Source: LENA 22/11/2016