Mining is the cornerstone of Namibia’s economy, contributing a significant 25% to the nation’s revenue. This sector’s impact on the Gross Domestic Product (GDP) has varied over the years, with notable contributions of 10.4% in 2009 and peaking at 13.2% in 2013. Moreover, Namibia is blessed with a wealth of Mineral Resources such as Diamonds, Uranium, Copper, Magnesium, Zinc, Silver, Gold, and semi-precious stones. Additionally, Diamond mining alone accounted for 7.2% of the GDP in 2011, underscoring its central role in the country’s economic landscape. The mining policy of Namibia, established in 2003, positions the state as a grantor-regulator. Hence, encouraging private sector involvement.
Namibia is located in the southeastern coast Africa, the country’s mining sector grew by an average of 4.6% from 200 to 2012, significantly impacting the economy. in 2019, the sector generated over $300 million in government revenue and provided over 16,000 direct jobs. Major mineral productions include diamonds, Uranium, Copper, Lead, and Zinc, with notable increases in Manganese and Fluorspar output. However, the sector faces challenges such as limited water resources and the need for stable energy supplies. The government mining policy, developed in 2003, continues to guide the sector, encouraging private exploration while maintaining regulatory oversight to foster sustainable development.
This is the list of Mineral Resources mined in Namibia:
- Diamonds.
- Uranium.
- Copper.
- Magnesium.
- Zinc.
- Silver.
For further details about the Mining Industry of Namibia, read this article.
