A recent case study assessing the investment potential of Namibia’s mining sector provides valuable insight into Europe’s goal of forming strategic partnerships with African countries. This report is part of the EU-funded AfricaMaVal project, which is building a responsible and sustainable EU-Africa partnership to source critical raw materials (CRM) for Europe’s energy and digital transition. .
Mining for the future
Namibia is a developing middle-income country that has experienced significant growth over the past three decades. Mining is considered the backbone of the country and contributes significantly to job creation and income generation. In the past, diamonds and uranium dominated the country’s commodity sector. Currently, there are various small and medium-sized investment opportunities in materials such as tin, lithium, tantalum, graphite, and rare earth elements. Interesting mining areas identified in the Namibia report include the Kunene area (cobalt, copper, rare earth metals, iron ore, nickel-copper-cobalt-platinum mineralization) and the Erongo area (lithium, rare earth elements, tin, Contains tantalum). . Investments such as the Southern Namibia Mapping Program demonstrate the government’s commitment to strengthening geological databases and attracting mining investment. This case study focuses on the Extended Critical Raw Materials (ECRM), defined as all CRMs in the EU’s 2020 Critical Raw Materials List, excluding coking coal and natural rubber, plus copper, nickel, tin and manganese within the African Maval. ) outlines Namibia’s production potential. . It presents the ECRM value chain and highlights bottlenecks and potential investment opportunities in the chain. The report also provides insight into funding regulations, including taxes and royalties, and provides an overview of the macroeconomic and political context of domestic funding. Additionally, social, environmental and governance challenges in Namibia are discussed, such as mining practices compared to environmental, social and governance objectives. The report touches on Namibia’s strong legal framework, a mining jurisdiction known for its excellent geological database and clear environmental regulations, and contrasts these advantages with the high tax environment, trade barriers and uncertainties surrounding protected areas. I’m letting you do it.
Partnership for growth
The Memorandum of Understanding signed by the EU and Namibia in 2022 highlights the parties’ interest in forming a strategic partnership on sustainable raw materials and green hydrogen. Speaking at a workshop held to discuss investment opportunities and challenges based on the results of the case study, Her Excellency Ana Beatriz Martins, EU Ambassador to Namibia, said: Promoting local value creation and sustainable value chain integration between Namibia and the EU is at the heart of this partnership. ” The Namibia report is one of 10 in-depth case studies carried out under AfricanMaVal (Building EU-Africa Partnership in Sustainable Raw Materials Value Chains), with nine other African The countries are the Democratic Republic of the Congo, Gabon, Madagascar, Morocco, and Mozambique. , Senegal, South Africa, Tanzania and Zimbabwe. All 10 country assessments are included in the full report available on his website for the project. For more information, please visit the AfricanMaVal project website.
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AfricaMaVal, Namibia, mining, critical raw materials, expanded critical raw materials
