Mining industry contributes 14 percent to the Namibia’s gross domestic product (GDP), the president of the country’s Chamber of Mines said on Tuesday.
“The industry employed 16,200 employees in 2018,” Zebra Kaseta told the chamber’s annual general meeting in Windhoek, saying the improved contribution was as a result of strong performance in the diamond sector.
He said the mining industry created 33.4 billion dollars (2.3 billion U.S. dollars) in the past financial year.
Kaseta said the mining sector contributed significantly to the country’s tax base.
“Currently there are no new projects but investments have been made into the reopening of old mines,” he said.
He commended the increase in exploration expenditure by mining companies. Enditem