Lesotho loti Lesotho loti The Loti (plural: maLoti) is the currency of the Kingdom of Lesotho. It is subdivided into 100 "Lisente" (sg. "Sente"). It is pegged to the South African rand on a 1:1 basis through the Common Monetary Area, and both are accepted as legal tender within Lesotho. The loti was first issued in 1966, albeit as a non-circulating currency. In 1980, Lesotho issued its first coins denominated in both loti and lisente (dated 1979) to replace the South African Rand, but the Rand remains legal tender. The name derives from the Sesotho "loti", "mountain," while "sente" is from English
Mining industry of Lesotho order 1970 on regulations of export, extraction, and all commercial rules related to rough diamonds; the Explosives Proclamation of 1958 (amended) and Mine Safety Act 1981. The country has accepted the Kimberley Process Certification Scheme. Known mineral deposits in Lesotho include base metals, clay, diamond, dimension stone, sand, gravel, and uranium. Artisanal mining concerns of agate, clay, sand, gravel, and stone have occurred to a limited extent for internal consumption. Reserves of bituminous shale and coal have also been identified. Mining industry of Lesotho The mining industry of Lesotho is mostly concentrated on diamond mining and as such the mining