WINDHOEK DENVER ISAACS
Five new mines are expected to go into operation in Namibia within the next two to three years, a development the Chamber of Mines in Namibia says augurs well for an industry emerging from three years of stagnant growth.
In a presentation detailing developments in the sector last year, Chamber of Mines in Namibia CEO Veston Malango expressed enthusiasm despite a number of safety challenges, economic market concerns and uncertainties.
Malango was speaking at the recent 2013 Mining Conference and Expo, sponsored by the chamber.
The local mining sector saw a turnover of N$18,52 billion in 2012, Malango said, an improvement over 2011's N$15,8 billion.
Wages and salaries amounted to N$2,93 million, also up from 2011, when ithe figure stood at N$2,5 billion.
Government coffers received N$2,08 billion in taxes, while total royalties paid out by the industry to its shareholders amounted to N$957,7 million.
In terms of employment, the industry provided 7 898 people with permanent positions, 474 with temporary jobs and further employed 5 176 contractors.
Companies expected to join the sector in the next two to three years are B2Gold, Husab Uranium, Tschudi, Zhonghe Resources and Shiyele Iron.
In terms of employment projections, the expanding industry would likely create 4 000 new jobs by 2017, as well as 8 000 construction jobs, and bring the number of permanently employed in the industry to 11 000.
Another prospect Malango said he was excited about is Namibia's potential to jump to world number two behind Kazakhstan in uranium production, should it manage to up production to an expected 13,6 thousand tons a year.
In 2011, the country's uranium production stood at 3 258 tons, behind Niger, Australia and Canada, who in the same year produced 4,4 thousand tons, six thousand tons and 9,1 thousand tons respectively. Kazakhstan produced 19,451 thousand tons of uranium in 2011.