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Namibia to attend mining investment indaba

NAMIBIA will showcase the country’s investment opportunities in the mining sector at the Invest in Africa Mining Indaba in Cape Town, South Africa, this week.

According to a statement issued by ministry senior public relations officer Andreas Simon on Friday, the meeting will run from 6 to 9 February.

Namibia is one of Africa’s leading mining jurisdictions, rich in natural resources and a proven track record in the industry.

The country has abundant deposits of diamonds, gold, copper, zinc, uranium, and rare earth metals, essential to renewable energy, thus making Namibia a mining investment of choice, said the statement.

The country’s mining sector plays a significant role in the economy, contributing approximately 9,1% to the country’s gross domestic product (GDP) in 2021 and it was ranked among the top 10 in Africa for investment attractiveness by the Fraser Institute Annual Survey of Mining Companies in 2021.

The premier event that brings together industry leaders, investors, and government representatives to discuss the future of Africa’s mining sector is in its 28th year.

“The Invest in African Mining Indaba presents a unique opportunity for Namibia to exhibit her investment prospects in the mining sector to a worldwide audience, while amplifying our commitment to sustainable mining practices,” said the minister of mines and energy, Tom Alweendo, who will lead Namibia’s delegation.

He said the Namibian team would also leverage the convening power of the event to connect with potential partners and investors that are crucial to the growth of the sector by adding as much value as possible to the minerals mined, and the attainment of national development goals.

“This will build resilience in the local economy and contribute to structural economic transformation,” said Alweendo.

The country is participating under the theme ‘Namibia: Securing investments in sustainable mining supply chains’, indicative of the sector’s transition from mainly extractive mining towards creating opportunities for enhanced economic activities in the entire supply chain.

The country’s spotlight will feature presentations by various entities, including the Namibia Investment Promotion and Development Board, the Chamber of Mines, and private investors who will share their experiences in the country.

Also in the delegation will be Epangelo Mining Company, BW Energy, Osino Resources and Andrada.

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