The Chamber of Mines of Namibia says government revenue from non-diamond mining activities, particularly gold, uranium and base metals, is expected to increase significantly in the coming years as tax contributions from the diamond sector decline.
Speaking at the Chamber’s recent annual general meeting, Chamber President George Botshiwe said government projections point to a long-term shift in the composition of mining revenues.
“Looking ahead, government projections indicate a more permanent shift in the composition of mining revenues. Corporate income tax from diamond mining is expected to decline, while revenue from non-diamond mining, particularly gold, uranium and base metals, is projected to increase significantly,” Botshiwe said.
He said Namibia remains well positioned to benefit from growing global demand for uranium, gold and minerals required for the global energy transition.
However, Botshiwe warned that policy and regulatory challenges continue to weigh on investor confidence and could affect the pace of future mining investment.
“At the same time, the sector continues to face important policy and regulatory challenges that must be addressed if Namibia is to fully unlock this potential,” he said.
Botshiwe said the mining industry remains a key contributor to government revenue, employment, infrastructure development and skills transfer, but stressed that future growth depends on maintaining a stable and competitive investment environment.
“Unlocking the next generation of mining projects, and ensuring Namibia captures its share of the current surge in global exploration investment, demands a stable, predictable and competitive policy environment that gives investors the confidence to commit long-term, high-risk capital to the country,” he said.
He noted that engagements between government and industry over the past year, including discussions through the Namibia Public-Private Partnership Forum, have provided a platform for continued cooperation on mining policy and investment matters.
Botshiwe said the Chamber will continue working with government and other stakeholders to strengthen Namibia’s position as a competitive mining destination.
“The project pipeline highlighted in this report alone has the potential to unlock billions of dollars in investment, create thousands of new jobs, and generate sustained economic growth for Namibia over the coming decades,” he said.
