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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

The Mining Industry in Namibia

Namibia’s mining industry grew strongly in 2022 in turnover and share of GDP, largely due to a 44% growth in diamond production. Exploration expenditure increased on the back of growing interest in Namibia’s critical minerals, due to the global energy transition, and uranium where a supply deficit is forecast. The mining industry is dominated by diamond and uranium mining, and more than 70% of Namibia’s diamonds are extracted from the sea. Minerals are mostly exported in semi-processed or unprocessed form. Several projects are expected to enter production in the next few years, while a few copper mines have closed in recent years.

Regulatory Changes

The government said in June 2023 that it may in future take minority stakes in mining projects when issuing their licences to gain more value from the country’s mineral resources. In June 2023 Namibia introduced a ban on exports of unprocessed critical minerals to ensure value is added before these are exported. Draft legislation includes an increase in the royalty rate, the inclusion of mining charter provisions and a windfall tax. Changes to the VAT Act will reduce the cost of exploration.

Challenges

Some of the challenges the industry is experiencing are water supply interruptions, especially in the area where the uranium mines are, and high input costs. Exploration expenditure is rising, largely due to increased interest in critical minerals and uranium.

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The Mining Sector in Namibia 2023

Full Report

R 20 000.00(ZAR) estimated $1068.03 (USD)*

Industry Overview

R 14 000.00(ZAR) estimated $ 747.62 (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