The Chamber of Mines of Namibia says the mining sector spent N$23.97 billion on locally sourced goods and services in 2025, accounting for 65% of total procurement of N$36.88 billion and 37.4% of overall mining revenue of more than N$64 billion.
According to the Chamber’s 2025 Annual Review, the level of local procurement continues to support broader economic activity through supply chain participation and enterprise development.
“This high level of local procurement contributes significantly to broader economic development by supporting small and medium-sized enterprises, strengthening local supply chains, promoting domestic value creation and supporting employment across related industries,” the report said.
The sector also recorded a sharp increase in fiscal contributions, with total taxes rising by 39% to N$7.805 billion in 2025, driven mainly by corporate income tax from gold operations.
“Total taxes paid increased by 39%, largely driven by corporate income tax reflecting strong financial performance in gold mining operations, while royalties rose to N$2.458 billion and export levies increased by 90% to N$685 million,” the report said.
The report points to a shift in revenue composition, with non-diamond mining gaining prominence as diamond-related contributions decline.
“Corporate income tax from diamond mining is projected to decline by 69%, while non-diamond mining is expected to increase by 54%, reflecting stronger contributions from gold, uranium and base metals,” the report said.
On the production side, uranium recorded the strongest growth, rising by 20.8%, while gold output increased by 1.9%. Diamond production declined by 5.6%, reflecting weaker global market conditions.
Despite this, mineral sales revenue rose by 25% to N$64.18 billion, supported by higher commodity prices and increased uranium output.
“The increase in mineral sales revenue was primarily driven by elevated global gold prices, higher uranium production and continued demand for strategic minerals,” the report said.
