Botswana is preparing to explore the 70% of its landmass that remains unmapped in a strategic shift away from its heavy reliance on diamonds.

Speaking at an African mining conference, Mines Minister Bogolo Joy Kenewendo revealed that the nation aims to diversify into high-value “critical minerals” like copper, cobalt, and lithium.

The move comes as the traditional diamond market faces a sustained downturn due to the rising popularity of lab-grown alternatives.

While Botswana remains the world’s leading diamond producer by value, the government acknowledges the extreme vulnerability of an economy tied to a single commodity.

By mapping untapped territories, officials hope to provide the “right data” to de-risk investments for private firms. The minister noted that while exploration carries high financial risks, the global surge in demand for green-energy metals has already generated significant interest from international investors.

The geopolitical contest between the United States and China for battery metals has placed Botswana in a favorable position. Kenewendo confirmed that the U.S. has already indicated interest in collaborating on exploration and mining projects.

This partnership could help Botswana unlock its sizable copper reserves, which have historically been overshadowed by the nation’s primary emphasis on diamond production.

Ultimately, the initiative seeks to transform Botswana from a diamond-centric hub into a diversified mining powerhouse. By securing a stake in the critical minerals market, the government intends to ensure long-term economic sustainability.

As Kenewendo summarized, the country is no longer content with just looking for diamonds; it is now hunting for the minerals that will power the next century.

SOURCE: BUSINESS INSIDER AFRICA