Anglo American’s total tax contribution in Namibia amounted to N$1.67 billion (US$102 million) in 2025, according to the group’s Tax and Economic Contribution Report, marking a decline from N$2.23 billion (US$136 million) in 2024.
The company’s tax and royalty contribution was driven primarily by taxes collected on behalf of the government rather than direct corporate income tax.
Taxes collected and remitted on behalf of the government remained the largest component at N$902.0 million (US$55 million).
These comprise taxes borne by third parties, including employees and customers, but collected and paid over by the company. The amount declined from N$1.20 billion (US$73 million) in 2024.
Royalties and mining taxes totalled N$492.0 million (US$30 million), down from N$574.0 million (US$35 million) the previous year.
Other payments borne by the company, including environmental levies, payroll taxes and regulatory fees, amounted to N$229.6 million (US$14 million).
Corporate income tax recorded the sharpest decline, falling from N$196.8 million (US$12 million) in 2024 to N$65.6 million (US$4 million) in 2025.
“In 2025, the total taxes and royalties borne alongside taxes collected amounted to US$102 million, down from US$136 million in 2024. Within this total, corporate income tax saw a decline to US$4 million from the US$12 million recorded the previous year. Royalties and mining taxes accounted for US$30 million, compared to US$35 million in 2024. Other payments borne by the company came to US$14 million, down slightly from US$16 million in the prior year. Finally, taxes collected and remitted on behalf of the government made up the largest portion at US$55 million, a decrease from the US$73 million reported in 2024,” the report said.
The lower tax contribution mirrored a decline in Anglo American’s overall economic footprint in Namibia.
According to the report, the group’s total economic contribution fell from N$8.94 billion (US$545 million) in 2024 to N$7.08 billion (US$432 million) in 2025.
Total procurement declined to N$3.90 billion (US$238 million) from N$5.20 billion (US$317 million) the previous year, while local procurement fell to N$2.21 billion (US$135 million) from N$2.54 billion (US$155 million).
Capital expenditure recorded the steepest decline, dropping from N$705.2 million (US$43 million) to N$295.2 million (US$18 million).
In contrast, wages and employee-related payments remained broadly stable at N$1.44 billion (US$88 million) compared with N$1.46 billion (US$89 million) in 2024, while community and social investment remained unchanged at N$49.2 million (US$3 million).
The decline comes as Anglo American continues restructuring its global portfolio.
The company is progressing with the separation of De Beers, either through a divestment or demerger, as part of its Origins strategy aimed at unlocking value from the diamond business.
In Namibia, De Beers operates through a 50:50 joint venture with the Namibian government, managing land-based diamond mining through Namdeb and offshore operations through Debmarine Namibia.
The offshore business continues to deploy advanced mining technologies, including submerged beach mining to extract diamond-bearing gravel from behind seawalls approximately 30 metres below sea level.
The report also showed that Anglo American’s average workforce in Namibia declined to 1,400 employees in 2025 from 1,600 in 2024. The employment figures reflect proportional joint venture accounting and exclude independent contractors.
“Anglo American is continuing to progress the separation of De Beers, whether by divestment or demerger. The separation will enable De Beers to unlock full value from its Origins strategy set out in May 2024, with a focus on four key pillars underpinned by its business streamlining strategy,” the report said.
