https://www.miningweekly.com

An underground economy

8th November 2013

  

Font size: - +

Your Brand Agency  (0.23 MB)

The health of a country's economy affects the majority of its citizens in everyday life — and the growth of this economy relies on the performance of certain key industries such as agriculture and farming, retail, mining, politics, foreign investment, and so on.

Botswana, a main stakeholder in the mining industry, recently hosted the Electra Mining Botswana show from 3—5 September in its capital. This well-managed event caught attention from many leaders in the mining industry — and its exhibitors, with their interactive product displays, encouraged informal knowledge-exchange and networking.

A notable company at this event has had the mining industry particularly interested — this company, Voltex, a leader in its field of electrical product distribution, showcased technologically-advanced products such as power-saving devices, generators and transformers, circuit breakers and distribution boards.

“We are aware of the need for improvement in the mining industry,” says Hugh Ward, Group Commercial Manager of the Voltex group. “Our advanced reticulation management systems, which comprise conduit, racking and strut, are systems essential to establishing a fully-efficient operation.”

It cannot be refuted that since the discovery of diamonds in Botswana in the mid-1960s, the annual Gross Domestic Product has remained confidently stable and constantly rising by seven per cent annually — what this means for the economy, and the population at large, is more spending power and strong infrastructure growth through schemes such as road building, education and health care.

Since diamonds account for 76% of Botswana's export revenue and 45% of government revenue, which total 33% of GDP, the mining industry plays a vital role in the country's daily services and future developments, according to the Organisation of Economic Co-operation and Development.

Without correct mining processes and procedures, Botswana would lose approximately $3 billion in revenue per year — this loss would impact the country dramatically and negatively, as calculated by the OECD.

In addition, President Mogae, in 2006, was quoted in praise of the mining industry, saying, “For our people, every diamond purchase represents food on the table; better living conditions; better healthcare; safe drinking water; more roads to connect our remote communities and much more.” The Electra Mining show has brought about greater awareness of new techonologies the mining industry in Botswana and abroad — and it is in thanks to the technological advancement of certain companies such as Voltex distributing lighting, cable and other power-efficient products throughout Botswana, thereby contributing to the growth and prosperity of the nation, through its mining sector.

For more information about electrical solutions and innovative products for mining, construction and maintenance, industrial and utility applications, contact Voltex on +27 (0) 11 879 2000 or email info@voltex.co.za

Edited by Creamer Media Reporter

Comments

Latest News

The combined entity will have a leading portfolio of tier-one assets, focused on iron-ore, metallurgical coal and future facing commodities, including potash and copper.
BHP makes £31bn offer for Anglo American
25th April 2024 By: Mariaan Webb

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.131 0.169s - 94pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: