VOL. NO: 53      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Differences between competing companies stall mining in South Namibia

TWO opposing owners of mining prospecting companies are allegedly at loggerheads in their efforts to obtain an exclusive exploring processing license on a large stretch of land in the Karas region of Namibia.

The acting mining Commissioner of the Ministry of Mines and Energy, Abraham Ilendi, has confirmed that two companies have applied for prospecting rights for the same land. It is alleged that a geological survey has brought to light that a large area, situated some 70 kilometres west of Keetmanshoop, is richly endowed with limestone and other rare industrial minerals.

Seemingly, the Ministry of Mines is faced with a dilemma granting the allocation of the licence to one of the two companies, Namibia Mineral Mining, Plants and Products, and the Ministry of Mines and Energy. It is believed there are sufficient limestone deposits on this land to provide for the total cement needs of Namibia, which would cut down on the massive annual amounts of imports from South Africa worth billions of dollars.

 

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