Namibia will be participating in Investing in African Mining Indaba 2024, slated to take place from 05 to 08 February 2024 in Cape Town, South Africa.
As a premier mining jurisdiction, Namibia will be showcasing the opportunities it presents in the mining sector to a global audience of foremost thinkers in mining and the leadership displayed in the journey towards being a world-class mining player.
Endowed with mineral riches including diamonds, gold, copper, zinc, uranium, rare earth metals, and industrial minerals crucial for renewable energy, Namibia stands out as an attractive choice for mining investments.
The country’s diverse mineral resources, some yet to be discovered, combined with a favorable policy environment, make Namibia a top contender for global mining investments.
The local mining sector, a significant contributor to the economy, accounted for approximately 12.2% of the country’s Gross Domestic Product (GDP) in 2022. When considering minerals processing and beneficiation, this contribution rises to no less than 14.3%.
In celebration of 30 years of participation in the African Mining Indaba, Namibia, under the theme “Namibia: Taking the Bold Steps to Sustainable Mining: Shaping a Green Tomorrow,” will promote its investment prospects in the mining sector and related industries.
The promotional efforts will include a series of Business-to-Business (B2B) and Business-to-Government (B2G) meetings, as well as a country showcase panel discussion scheduled for Wednesday, 07 February 2024. This showcase, focusing on “Critical Raw Materials Development and Local Value Addition in the Namibian Context,” is a special feature at the Mining Indaba and aims to provide insights into Namibia’s plans for national mining and processing of critical raw materials.
The flagship event will feature presentations by various entities, including the Geological Survey of Namibia, NamPower, the Chamber of Mines, and the Namibia Investment Promotion and Development Board.
Leading the Namibian delegation at the Indaba is Ms. Gloria Simubali, Deputy Executive Director at the Ministry of Mines and Energy, representing Hon. Tom Alweendo, Minister of Mines and Energy. The delegation comprises government and public sector officials, the Namibian Chamber of Mines, representatives from mining houses, and other private sector players.
Alweend emphasized the importance of promoting Namibia’s commitment to value addition in minerals for economic growth.
He stated, “To achieve a green tomorrow, we need to strengthen our commitment to sustainable mining practices, given the heightened global demand for critical minerals. The Mining Indaba will, therefore, allow Namibia to showcase its potential and meet with other mining countries to take stock of the best regional and global practices.”
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