Namibia: Local Ownership Better for Sustainability of Mining Industry - Alweendo

Windhoek — Minister of Mines and Energy, Tom Alweendo, yesterday revealed that some foreign investors in the mining industry view the issue of local mine ownership as an irritant or as something that can be wished away. However, Alweendo cautioned that this is a fallacy and a mistaken view.

"There is a legitimate expectation for local ownership and the sooner we address this concern, the better it is for the future sustainability of the mining sector," said Alweendo when giving the keynote address at the annual Mining Expo and Conference which is organised by the Chamber of Mines of Namibia.

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