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mining sector namibia

The Mining Sector in Namibia 2023

Alex Conradie | Namibia | 19 July 2023

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Report Coverage

This report on the mining industry in Namibia includes information on the size and state of the mining industry, major mining activities and minerals, notable companies, exploration and project developments and corporate actions. There are profiles of 19 companies including diamond producers De Beers Marine Namibia and Namdeb Diamond Corporation, uranium miners such as Rössing Uranium and Swakop Uranium, cement manufacturers such as Ohorongo Cement, zinc miner Rosh Pinah and copper miner Trigon Mining

Introduction

• Namibia’s mining industry grew strongly in 2022 in turnover and share of GDP.\r\n
• This was largely due to a 44% growth in diamond production. \r\n
• Exploration expenditure increased in line with growing interest in Namibia’s critical minerals, due to the global energy transition, and uranium, where a supply deficit is forecast. \r\n
• Challenges include water supply interruptions, especially around uranium mines, and high input costs.

Trends

• Exploration expenditure is rising, largely due to increased interest in critical minerals and uranium.
• Namibia’s minerals are mostly exported in semi-processed or unprocessed form.

Opportunities

• Demand for critical minerals is increasing rapidly as the global energy transition advances.
• Elevated uranium prices because of the impact of the Ukraine war and a forecast supply deficit.
• Western countries want to reduce their dependence on China for critical minerals, especially rare earth elements, and are looking for supplies from other countries.

Challenges

• Global growth is expected to slow in 2023, affecting demand for minerals in general.
• Input costs are high, mainly due to high electricity, fuel, and water prices.
• Lack of specialised skills.
• Water supply interruptions, especially in the Erongo region where the uranium mines are.

Outlook

• Prices of most minerals are set to decline in 2023, but critical minerals will be the exception as the global energy transition advances. \r\n
• Uranium prices are set to rise due to demand outpacing supply. \r\n
• De Beers expects lower short term demand for diamonds, but higher prices in the medium term as supply decreases.\r\n
• The Chamber of Mines of Namibia expects the country’s mining industry to grow, largely due to the anticipated development of deposits of several critical minerals and the forecast uranium supply deficit.

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The Mining Sector in Namibia
The Mining Sector in Namibia 2023

Full Report

R 20 000.00(ZAR) estimated $1113.78 (USD)*

Industry Landscape

R 14 000.00(ZAR) estimated $ 779.64 (USD)*

Table of Contents

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PAGE
1. INTRODUCTION 1
2. COUNTRY INFORMATION 1
3. DESCRIPTION OF THE INDUSTRY 3
3.1. Industry Value Chain 3
3.2. Geographic Position 5
3.3. Size of the Industry 5
4. LOCAL 7
4.1. State of the Industry 7
4.2. Key Trends 10
4.3. Key Issues 10
4.4. Notable Players 10
4.5. Trade 15
4.6. Corporate Actions 17
4.7. Regulations 22
4.8. Enterprise Development and Social Development 24
5. AFRICA 24
6. INTERNATIONAL 27
7. INFLUENCING FACTORS 30
7.1. Economic Environment 30
7.2. Unforeseen Events 30
7.3. Input Costs 31
7.4. Labour 32
7.5. Environmental Issues 33
7.6. Technology, R&D and Innovation 34
8. COMPETITIVE ENVIRONMENT 35
8.1. Competition 35
8.2. Ownership Structure of the Industry 35
8.3. Barriers to Entry 35
9. INDUSTRY SUMMARY 36
10. OUTLOOK 36
11. INDUSTRY ASSOCIATIONS 37
12. REFERENCES 37
12.1. Publications 37
12.2. Websites 38
APPENDIX 1 39
Summary of Notable Players 39
COMPANY PROFILES 41
Andrada Mining Ltd 41
B2Gold Namibia (Pty) Ltd 44
De Beers Marine Namibia (Pty) Ltd 46
Gecko Namibia Holdings (Pty) Ltd 48
Langer Heinrich Uranium (Pty) Ltd 50
Lodestone Namibia (Pty) Ltd 52
Namdeb Diamond Corporation (Pty) Ltd 54
Namibian Marine Phosphate (Pty) Ltd 56
Otjozondu Mining (Pty) Ltd 58
Rosh Pinah Zinc Corporation (Pty) Ltd 59
Rossing Uranium Ltd 61
Salt Company (Pty) Ltd 64
Sperrgebiet Diamond Mining (Pty) Ltd 66
Swakop Uranium (Pty) Ltd 68
Trigon Mining (Namibia) (Pty) Ltd 70
Walvis Bay Salt Holdings (Pty) Ltd 71