Botswana ramps up mining exploration to diversify beyond diamonds
Botswana is launching a state firm to survey unexplored land as diamond demand weakens. The move aims to attract new investment in critical mineral resources.
The Botswana 
BW government announced today, February 10, 2026, that it has launched a state-owned exploration company and plans to ramp up mining exploration across the country. This policy-driven move is intended to diversify the economy by targeting critical minerals, as the global diamond market continues to struggle with a prolonged downturn. The government aims to broaden its mineral base to reduce a heavy reliance on diamonds, which historically contribute about one-third of the nation's total revenue.
BW government announced today, February 10, 2026, that it has launched a state-owned exploration company and plans to ramp up mining exploration across the country. This policy-driven move is intended to diversify the economy by targeting critical minerals, as the global diamond market continues to struggle with a prolonged downturn. The government aims to broaden its mineral base to reduce a heavy reliance on diamonds, which historically contribute about one-third of the nation's total revenue.
