Namibia Chamber optimistic about industry’s 2023 prospects
Mining industry organisation Namibia Chamber of Mines (NCM) states that it is “very positive” on the trajectory of the local mining industry, stressing that it expects it to grow on the back of increased output from the diamonds and uranium sectors. “In the short term, growth in the mining sector remains promising. Primarily because of the improving minerals commodity market supporting increased capital inflows into exploration activity worldwide. Namibia, being politically stable jurisdiction with a relatively favourable policy environment, remains a competitive destination for investment into exploration activity, which is evidenced by increased investments into exploration over the last few years.”