Deloitte Namibia Views for Mining
Putting the record straight
Following a Cabinet decision, in late April 2011, the Honourable Minister of Mines and Energy, declared uranium, gold, copper, coal, diamonds and rare earth metals as strategic minerals.
The decision was motivated by a Government belief that although the mining sector is a significant contributor to the Namibian economy, the sector’s share to government revenue is disproportionate to its share of the gross domestic product. The belief is that Namibia mainly benefits from its natural resources through royalty payments.