Namibia’s mining sector generated 25 billion Namibian Dollars (around 1.9 billion U.S. dollars) through export earnings in 2016, Minister of Mines and Energy Obeth Kandjoze said Wednesday.

The mining sector was able to deliver these figures, despite the mining industry experiencing a downturn in commodity prices and increasing financial market volatility during 2016, the minister said during the official opening of the two day Mining Expo and Conference 2017 underway in Windhoek.

At the opening Kandjoze also launched the diamond hub, which he said is not new to the diamond sector across the globe, but a new concept for Namibia.

“What we have collectively achieved with the diamond hub is, indeed, in line with the government’s vision for the establishment of a downstream diamond industry in a professional, socially responsible, commercially viable and sustainable manner that satisfies the aspirations of government, the international diamond industry and other important key stakeholders,” he added.

According to the minister, the diamond hub will provides adequate information to visitors about who does what and on the operations of the various diamond companies.

The two day event runs under the theme of “Reaping the benefits of mining investment in Namibia.” Enditem

Source: Xinhua/NewsGhana.com.gh