Lesotho mines for growth

Landlocked Southern African country Lesotho, also known as the Mountain Kingdom, is making strides in its mining sector to drive economic growth. With a significant contribution from the diamond industry since 2004, Minister of Natural Resources Mohlomi Moleko shares insights on the country's mining landscape. The mining sector contributes between 6% to 10% of Lesotho's GDP, indicating its crucial role in the economy. The government has issued exploration licenses and mining leases, aiming to attract foreign investments and explore new opportunities. Initiatives like the upcoming mining event in Dabakhotla seek to showcase Lesotho's mining potential. Minister Moleko highlights untapped resources such as shale gas, coal, and oil that could solidify Lesotho's position in the global value chain. Efforts to boost the mining industry include engaging with international investors, improving infrastructure, and promoting clean energy production. The government's focus on agriculture, road construction, and water projects demonstrates its commitment to economic development. Addressing challenges like financing, unstable commodity markets, and illegal mining, Lesotho aims to foster a stable and conducive environment for investment. Collaboration with South Africa to tackle illegal mining and resolve issues surrounding remittances underscores the importance of maintaining strong regional relationships. With policy reforms and plans for a cadastral system, Lesotho is laying the groundwork for sustainable growth in its mining sector.