Structure of The Mineral Industry
The Government encourages private sector exploration and development according to guidelines set out in its 2003 paper entitled “The Mineral Policy of Namibia.” The Ministry of Mines and Energy and its Diamond Affairs, Energy, and Mining Directorates regulate Namibia’s mining and petroleum industries, and the Ministry concerns itself with the provision of national exploration and mining databases and competitive exploration and mining policy and regulations. The Ministry of Trade and Industry is responsible for regulating manufacturing activity, which includes mineral beneficiation, the production of cement, and the processing of semiprecious stones; the Ministry also promotes resource-based development.
The larger mining operations in Namibia tended to be funded and operated by domestic and international investors. Numerous local operations were involved in smaller-scale industrial mineral production, especially the semiprecious gemstone sector.
Read more about this topic: Mining In Namibia
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