Namibia: Mining Expected to Reach U.S $1,79 Billion By 2018

THE country's mining industry is expected to reach US$1,79 billion by 2018. This is according to the Business Monitor International report called 'Namibia Mining Report Q2 2014', released by Fast Market Research yesterday.

"We have downgraded some of our growth forecasts to account for the current economic environment and the sharp crash in uranium prices experienced over 2013. The decline in prices has led to the postponement of several major uranium projects in the country and has pushed back investments. We expect Namibia's mining industry to reach US$1,79 billion by 2018," the report said.

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