• Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Index & Interview Directory
04 Section 1: Introduction
05 The Road to Recovery
06 ABSA Group Interview
07 PwC Interview
08 Regional Trends
09 Sustainability & ESG Gaining Momentum
10 SRK Consulting Interview
11 Nafasi Water & ZN Geo Services Interviews
12 Section 2: Production, Development and Exploration
13 Precious Metals
14 Gold Fields Interview
15 Harmony & Pan African Resources Interviews
16 Base and Energy Metals
17 Lepidico Interview
18 Trevali Mining Interview
19 Orion Minerals Interview
20 Vedanta Zinc International Interview
21 Kumba Iron Ore Interview
22 Diamonds
23 Lucara Diamond Interview
24 Debswana Interview
25 Section 3: South Africa
26 South Africa
27 Ministry of Mineral Resouces and Energy SA Interview
28 Minerals Council SA Interview
29 Seriti & Exxaro Resources Interviews
30 NSDV & ENSafrica Interviews
31 Insights on South African Mining Industry's Health
32 Section 4: Namibia
33 Namibia
34 Chamber of Mines Namibia Interview
35 RMB & Standard Bank Namibia Interviews
36 Walvis Bay Salt Holdings Interview
37 Insights on Namibia as a Mining Investment Destination
38 Section 5: Equipment and Services
39 The Journey to Modern Mining
40 Murray & Roberts Interview
41 Kal Tire Interview
42 Eazi Access Interview
43 METC Engineering Interview
44 Insights on Digital Mining Revolution in Africa
45 MEMSA Interview
46 Fabchem Mining Interview
47 Insights from Local Manufacturers
48 Energy
49 juwi Interview
50 Engie Impact & Vivo Energy Interviews
51 Howden Interview
52 Section 6: Sponsored Company Profiles
53 Trevali Company Profile
54 Murray & Roberts Company Profile
55 Concluding Remarks
56 Credits

Veston Malango, CEO,

Chamber of Mines Namibia

"In recent years, investments into mine expansion and redevelopment are being made as a result of the successful and continued advocacy efforts of the Chamber."

What have been some of the Chamber’s milestones and achievements over the last years?

Some of the big successes of the Chamber of Mines in recent years are mostly related to the reversal of tax proposals that would have unintentionally destroyed Namibia’s mining industry. The tax proposals were rescinded as a result of the Chamber’s direct intervention and consultation with Government. The Chamber demonstrated how the tax proposals would eliminate any new growth or investment into Namibia’s mining sector, a crucially important pillar of Namibia’s economy.

The Chamber also succeeded in reversing a number of harmful policy proposals in recent years. In essence, this advocacy role of the Chamber has been crucial to ensure the continued growth of the sector. In the last 7 years, the sector has witnessed cumulative investments of over N$38 billion which can be attributed to maintaining Namibia’s mining framework as advocated by the Chamber of Mines. These massive new mine developments and investments would not have transpired had the above-mentioned tax proposals been legislated.

In recent years, investments into mine expansion and redevelopment are being made as a result of the successful and continued advocacy efforts of the Chamber.

How did Covid impact production, development and exploration?

In 2020, the mining sector contracted by 14.9%. This was mostly due to the reduced output from the diamond and uranium sectors, which were negatively affected by the Covid-19 pandemic. An old zinc and lead mine, that was recently re-developed and brought back into production, had to be placed on care and maintenance as the Covid-19 protocol could not be implemented in the confined underground mine, and as a result of the declining prices of base metals, which plummeted even further in the first half of 2020 due to the pandemic.

Thankfully, the mining industry was recognized as a strategic sector to keep the Namibian economy afloat. Despite operations being allowed to continue, the mining sector was negatively impacted by staff disruptions and shortages due to the pandemic. The supply of critical inputs and transportation of capital goods were also delayed due to travel restrictions in Southern Africa. This interrupted expansion and development plans of some operations. Exploration activity was also curtailed for the most part of 2020 due to travel restrictions, however, recorded a sharp increase in the later part of the year which was driven by a substantial rebound in the prices of base metals.

All in all, Namibia’s mining sector remained resilient in the face of Covid-19, and continues to sustain operations while ensuring the utmost safety and health of the mining workforce.

What are the biggest challenges facing Namibian miners today from a regulatory perspective?

The two most prominent issues still outstanding from a regulatory perspective are the finalization of the Namibia Investment Promotion Act (NIPA) and the New Equitable Economic Empowerment Bill (NEEEB). The two pieces of legislation are now in their final drafting phases and have received considerable input from private sector. The finalization of NEEEB and NIPA have been pending for more than five years, and will significantly shape the investment landscape in Namibia once they are finalized. Their conclusion is thus critical to ease investor sentiment, and unlock and realize major investment into Namibia’s mining and other key sectors. The Chamber is of the view that Namibia’s performance in the annual Fraser surveys will greatly improve once NIPA and NEEEB have been finalized.

Which metals have the most exciting prospects and potential in Namibia?

Gold is an exciting prospect for Namibia at the moment. The gold mines in operation have embarked on expansion projects that will increase Namibia’s gold output, and there are two promising gold exploration projects.

Namibia also has a number of base metals projects that have now become more attractive. This includes the old Kombat copper mine, which is being re-developed to commence with production before the end of this year.

Currently, there is optimism regarding the uranium market and likely price increases, as countries pursue cleaner and more sustainable sources of energy, of which nuclear power is one of the most viable sources.

Lastly, battery minerals, particularly lithium and tin, are also promising commodities, and Namibia has previously produced these minerals.

Next:

Interviews: RMB & Standard Bank Namibia