Namibia set to showcase investment prospects at Mining Indaba

Niël Terblanché

Namibia is set to present its abundance of mining investment opportunities to the world at the Invest in Africa Mining Indaba currently underway in Cape Town, South Africa.

Tom Alweendo, the Minister of Mines and Energy in a statement stressed the significance of conveying Namibia’s dedication to enhancing the economic value of its minerals, aligning with the global push towards a greener future.

He said Namibia will aim to attract potential investors by showcasing its conducive policy environment and sustainable mining strategies.

During the Indaba Namibia also plans to engage in business-to-business (B2B) and business-to-government (B2G) meetings, alongside a special country showcase panel discussion slated for 7 February 2024.

The focus will be on the development of critical raw materials and local value addition within the Namibian context, offering insights into the country’s strategy for mining and processing essential minerals.

Key national bodies, including the Geological Survey of Namibia, Epangelo Mining, NamPower, the Chamber of Mines, and the Namibia Investment Promotion and Development Board, will take the stage to present Namibia’s mining prospects.

Under the theme “Namibia: Taking bold steps to sustainable mining: shaping a green tomorrow,” the event marks Namibia’s 30th anniversary of participation in the Mining Indaba, celebrating its journey towards becoming a world-class mining investment destination.

The Namibian delegation on behalf of Alweendo is led by Gloria Simubali, the Deputy Executive Director at the Ministry of Mines and Energy and includes government officials, representatives from the Namibian Chamber of Mines, and representatives from mining houses and other private sector entities. This assembly of representatives aims to project Namibia’s unified approach to promote its mining sector and related industries on a global platform.

This event provides a unique opportunity for Namibia to share its vision, learn from international best practices, and forge meaningful partnerships for the advancement of its mining sector.

By emphasizing the importance of value addition and sustainable practices, Namibia not only aims to grow its economy but also to contribute towards a sustainable future, meeting the increased global demand for critical minerals.

As a cornerstone of the Namibian economy, the mining sector accounted for approximately 12.2 percent of the Gross Domestic Product (GDP) in 2022, stressing its critical role in national development.

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