The Chamber of Mines has warned that Namibia’s mining sector faces growing risks from policy uncertainty, particularly proposals for mandatory 51% local ownership in new projects.
The ongoing debate around proposals for a mandatory 51% local ownership in new mining projects has created a strong sense of unease among investors.
Should such measures be enacted, Namibia risks undermining its hard-won reputation as one of Africa’s most attractive mining jurisdictions,” the Chamber said in its latest outlook.
The Chamber noted that while commodity prices remain supportive, regulatory clarity is vital.
“Sustained stability in the regulatory environment will therefore be critical to preserve investor confidence and ensure that the strong fundamentals in gold, uranium, and battery minerals translate into tangible growth for the sector and broader economy,” it said.
According to the outlook, elevated gold prices are supporting profitability, while uranium demand is rising due to its role in the global energy transition.
The Chamber said this had strengthened the investment case for projects such as Bannerman Energy’s Etango-8 and Reptile Mineral Resources’ Tumas project.
It also highlighted favourable conditions for Osino’s Twin Hills gold project and Andrada Mining’s expansion at Uis, driven by strong global demand for tin in electronics and green technologies.
The Chamber said copper prices, which are up 4% on average in 2025 compared with 2024, are encouraging exploration and development at Kombat, Otjihase and Matchless, as well as Haib and Omitiomire.
However, it warned that investment could be discouraged if ownership requirements are imposed.
“The sector’s resilience will be tested by policy uncertainty. It is essential to safeguard stability in the operating environment to ensure that Namibia continues to attract investment and harness the potential of its world-class mineral resources,” the Chamber said.
