Eswatini proposes new state mining company
Government faces economic debate over establishing another state-owned entity amid concerns over existing parastatals.
The Government of Eswatini is considering establishing a national mining company, adding to its portfolio of approximately 50 public enterprises. This proposal emerges at a time when several existing state-owned entities struggle financially, relying on government support.
The debate centers on the economic viability of expanding the public enterprise sector into mining, an industry demanding significant capital, specialized skills, and market knowledge. Supporters argue a national company could ensure citizens benefit more from mineral wealth and boost national development.
The Coordinating Assembly of Non-Governmental Organisations (CANGO), through its Executive Director Thembinkosi Dlamini, supports the initiative, stating State participation is overdue. Commissioner of Mines Dr Noah Nhleko acknowledged differing professional opinions as normal and important for public debate, with an official announcement pending strategy development.
Why it mattersEswatini citizens could receive a greater share of wealth from mineral resources and benefit from employment creation if the proposed national mining company is established.