Namibia will focus on value addition, a strategic approach aimed at maximising economic returns and fostering local development at this year’s edition of the Invest in Africa Mining Indaba, an official has said.
Minister of Mines and Energy Tom Alweendo said Namibia’s diverse mineral wealth, presents a lucrative landscape for mining investment while the country’s conducive policy environment and progressive approach position it as an attractive destination for investors seeking opportunities in the sector.
“It is imperative that we create the understanding with our potential investment partners that Namibia’s steadfast position on value addition to our minerals is crucial to the growth of the Namibian economy,” he said.
He added that a delegation will be promoting Namibia’s investment prospects in the mining sector and related industries through a series of Business-to-Business and Business-to-Government meetings.
A panel discussion titled “Critical raw materials development and local value addition in the Namibian context” will provide insights into Namibia’s intent to develop and implement the national mining and processing of critical raw materials.
“In order to achieve a green tomorrow, we need to strengthen our commitment to sustainable mining practices, with the heightened global demand for critical minerals. The Mining Indaba will, therefore, give Namibia the opportunity to showcase its potential and meet with other mining countries to take stock of the best regional and global practices,” Alweendo said.
The country showcase at the Mining Indaba will include presentations from key national entities such as the Geological Survey of Namibia, Epangelo Mining, NamPower, Chamber of Mines, and the Namibia Investment Promotion and Development Board.
The Mining Indaba is an event that focuses solely on promoting and advancing mining interests in Africa, offering investors a perspective on the continent’s mining sector.
The event serves as a platform for connecting mining companies with investors and facilitating crucial discussions that contribute to Africa’s long-term economic growth and sustainability.
The Mining Indaba will mark its 30th anniversary this year
