Minister of Mines and Energy

Alweendo proposes employee share schemes in mining companies

Alweendo proposes employee share schemes in mining companies

Martin Endjala Minister of Mines and Energy, Tom Alweendo, has called on the mining sector to do more and consider introducing employee share schemes in the ownership of the company. Alweendo said among the benefits of employee share schemes is a stronger relationship with employers and that they will be motivated to work diligently in the interest of the company. The minister made these remarks during the official opening of the 2023 mining expo in the Capital yesterday under the theme “Namibia’s role in the sustainable supply of minerals to support the global energy transition”. He emphasised the fact that…
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More diamond cutting skills needed

More diamond cutting skills needed

Tujoromajo Kasuto Minister of Mines and Energy, Tom Alweendo says the local diamond cutting and polishing industry is likely to flourish only when the country has all the needed skills from the lowly skilled ones to the highly developed ones. He said Namibia is at a stage where the country needs to optimize more on diamond cutting and polishing to create the much needed employment. "We wish to encourage companies to take the issue of skills transfer seriously, especially high level skills. You will agree with me that in the long run this is not only in the best interest…
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Economic activities supporting oil and gas more impactful

Economic activities supporting oil and gas more impactful

Tujoromajo Kasuto Tom Alweendo, Minister of Mines and Energy, said economic activities in the oil and gas sector have a greater economic impact than direct revenue from petroleum extraction activities and licences issued by the National Petroleum Corporation of Namibia (NAMCOR). ‘’To me, local content has a greater economic impact than direct revenue from the oil sector because, if done well, it can generate more value than direct revenue from the oil sector. Consider the engineering services that must be provided to these companies, transportation, catering, and so that must be built, and I believe that is where the value…
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Ministry to lift mineral rights ban

Ministry to lift mineral rights ban

Staff Writer Minister of Mines and Energy, Tom Alweendo, has announced the lifting of the suspension on the application for mineral rights. These includes a proposal to amend the mineral rights law, would give the Minister power to auction certain mineral rights in line with the recommendations of the High Level Economic Panel on the Presidency. A Ministry’s statement on Monday places a temporary suspension on the application for mineral rights on 6 November, 2020, with the suspension/moratorium having expired on 31 August, as per the Government Gazette No.308. “The law will be amended to allow the Minister to determine…
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ReconAfrica needs to comply – Alweendo

ReconAfrica needs to comply – Alweendo

Tujoromajo Kasuto The Minister of Mines and Energy, Tom Alweendo, says ReconAfrica needs to comply with regulatory and licensing regulations of the country. Windhoek Observer asked the Minister why the company continued to explore for oil and gas in the Kavango region without a water permit, thus violating mining regulations. A water permit is a key requirement to mining as water is essential for cooling and lubricating the drill bit when drilling. “My position is that all licensing requirements must be complied with. Where that is not the case, the company must be made to comply.” Alweendo said. The Minister’s…
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