Namibia Investment Promotion and Development Board
Namibia at the Mining Indaba 2024
Theme:
Namibia: Taking bold steps towards sustainable mining, shaping a green tomorrow
Namibia prides herself as one of Africa’s premier mining markets, a jurisdiction rich in natural resources and a proven track record in mining. With a supportive regulatory environment and consistently great performance, Namibia’s mining industry is poised for promising growth in the coming years. Don’t miss the chance to explore the potential of Namibia’s mining sector at the 2024 Mining Indaba in Cape Town, South Africa. Join us and discover how to tap into this lucrative destination.
About the Mining Indaba
The Annual Investing in African Mining Indaba (Mining Indaba), now in its 27th year, is an annual premier forum for mining companies, investors and governments to connect and create opportunities for the capitalisation and development of mining interests in Africa. The Indaba connects experts and leaders from across the entire mining value chain, where, among other matters, also focuses on education, career development, sustainable development, and other important causes on the continent. The 2023 Mining Indaba will be held under the theme: Unlocking African Mining Investment: Stability, Security and Supply. Attendees can expect unmissable networking opportunities and the chance
Overview of the Mining Sector
in Namibia
Namibia’s mining sector is ranked among the top 10 in Africa for investment attractiveness by the Fraser Institute Annual Survey of Mining Companies in 2021. The mining industry is a significant contributor to the country’s economy, with minerals such as diamonds, gold, lead, zinc, tin, lithium, and uranium being mined. In 2021, the mining sector accounted for approximately 9.1% of Namibia’s gross domestic product (GDP), and is the second-largest sector in terms of foreign exchange earnings.
The fourth-largest producer of uranium oxide in the world, Namibia mostly supplies to power companies in South-East Asia, North America, and Central Europe. Namibia is the fourth-largest exporter of non-fuel minerals in Africa and a major producer of zinc.
The Namibian Government is actively promoting foreign investment in the mining sector, and has implemented policies to encourage sustainable and responsible mining practices.
Overall, the mining industry in Namibia is well-established and plays a vital role in the country’s economy. With a diverse range of minerals being mined, the sector has the potential for further growth in the future.
Opportunities in the
Namibia Mining Sector
Namibia is rich in minerals, including diamonds, gold, zinc, copper, and uranium. The mining sector in Namibia has the potential for significant growth, and investment opportunities exist in a variety of areas, including:
01
Diamond mining:
Namibia is the fourth-largest diamond producer in the world, and diamond mining is a significant contributor to the country’s economy. Investment opportunities in this sector include exploration and development of diamond mines, as well as diamond processing and marketing.
02
Uranium mining:
Namibia is a significant producer of uranium and investment opportunities exist in the mining, processing and export of the mineral.
03
Base metals mining:
Namibia is also rich in base metals, including zinc, copper, and lead. Investment opportunities in this sector include exploration, mine development, and processing of these metals.
04
Infrastructure development:
The mining industry in Namibia is relatively underdeveloped, and there is significant potential for investment in infrastructure development, such as roads, power plants, and ports, to support the growth of the mining sector.
05
Critical Raw Minerals (CRMs):
The presence of CRMs such as Lithium, Cobalt, Tin, Tantalum, Rare Earth Minerals and Natural graphite is significant in the global approach for decarbonisation, green industrialisation, energy production and mobility ecosystems putting these minerals right at the heart of future sustainable mining while shaping a green tomorrow.
06
Local Value Addition chains:
Our goal of local beneficiation presents major opportunities for the establishment of local processing Giga Factories. This is supported by the Government’s directive of local processing and value addition which will encourage Namibia’s economic growth and development.
Overall, Namibia has a stable political environment, which makes the country an attractive destination for mining investment. However, it is important to be aware of the regulations and legal requirements for mining activities in the country.
The mining sector in Namibia offers a variety of incentives for investors, which includes:
- Tax incentives: including reduced corporate tax rates, exemptions from value-added tax and import duties, and accelerated depreciation allowances.
- Mining licenses: The Namibian government has a streamlined process for acquiring mining licenses, which makes it easier for companies to start mining operations in the country.
- Foreign ownership: Namibia does not limit foreign ownership of mining operations, which allows foreign companies to fully own and operate mines in the country.
Overall, Namibia offers a favorable investment environment for mining companies, with a variety of incentives to attract foreign investment, a well-educated and skilled labor force, good infrastructure, streamlined mining license process and a supportive government.
Incentives in the
Namibia Mining Sector
Resource Centre
Welcome to the official resource centre for Namibia at the Mining Indaba, where you will find a collection of information and materials to assist in your understanding and engagement with the investment opportunities in Namibia.
Contacts
Catherine Shipushu (Ms)
Senior Manager: Marketing, Branding and Communications
Namibia Investment Promotion and Development Board
+264 81 127 9069
Catherine.Shipushu@nipdb.com
Gloria Simubali (Ms)
Deputy Executive: Geological Survey
Ministry of Mines and Energy
Republic of Namibia
Get in touch with us
- Investment House
- Cnr. of Garten & Dr. A B May Streets
- Private Bag 12039
- Windhoek, Namibia
- info@nipdb.com
- +264 (0) 83 333 8600
Work Hours
- Monday - Friday
- 08:00 am - 05:00 pm