Minerals Development Company Botswana
Minerals Development Company Botswana (MDCB) serves as the state-owned investment vehicle tasked with managing and optimizing the Government of Botswana’s mining and mineral assets. Established to operate commercially, MDCB acts as an active shareholder in major entities such as Debswana Diamond Company and Morupule Coal Mine, ensuring that these investments yield maximum financial returns for the nation. Beyond portfolio management, the company functions as a strategic technical and commercial advisor to the government, helping to shape policy and facilitate the development of the local mining sector. Its mandate extends to securing Botswana’s financial security by retaining mining revenues within the country and ensuring sustainable resource management.
Recently, MDCB has aggressively pursued diversification to reduce the national economy’s historical reliance on diamonds, shifting focus toward energy and “green” minerals. A notable example of this strategy is its investment in Botala Energy’s Serowe Coal Bed Methane (CBM) project, which aims to boost domestic energy security and potentially establish a Liquefied Natural Gas (LNG) industry. Furthermore, through initiatives like “Project Thobo,” MDCB is operationalizing new subsidiaries—such as the Exploration Investment Company Botswana—to streamline investment in exploration and mineral development. These moves underscore the company’s evolving role in transitioning Botswana toward a more diversified and industrial mineral economy.
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