By: Nghiinomenwa-vali Erastus
The Namibian government has communicated its intention to introduce a minimum 10% free carry shareholding in every mine, to be held by the state.
According to the Chamber of Mines Annual Review for 2024, which was released recently, the government communicated its intentions to introduce the free carry last year in July 2024.
Namibia has 26 mines, 6 of which are under maintenance or care. They are extracting various minerals, most of which are exported in raw form, such as uranium, gold, copper, tin, lead, and zinc.
Except for diamonds, which are mostly sorted and polished before export.
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