Namibian mines' 2013 revenue is N.dollars 20.9 billion

23 May 2014 18:18pm
WINDHOEK, 22 MAY (NAMPA) - Namibia's mining operations made a total revenue of N.dollars 20.93 billion in 2013, the president of the Chamber of Mines of Namibia, Werner Duvenhage said on Wednesday.
While presenting the Mining Industry Review for 2013 during the opening of the chamber's annual general meeting (AGM) at a local hotel, he said the mining sector has contributed N.dollars 3.26 billion to the government during the 2012/13 financial year, compared to N.dollars 2.69 billion in the 2011/12 financial year.
The AGM was set to be followed by a mining conference on Thursday under the theme 'Mining industry on the growth path to support the Namibian economy'.
Duvenhage said the mining industry spent some N.dollars 58.6 million on training and skills’ development in 2013, and awarded 67 new bursaries.
“The mining industry continued to support the Namibian Institute of Mining and Technology (NIMT) with job attachments and donations of used machinery for practical training at its three campuses in Arandis, Northern Campus in Tsumeb and NIMT Southern Campus in Keetmanshoop,” Duvenhage said.
He noted that the mining and exploration companies collectively employed 7 582 people in permanent positions in 2013, adding that the direct employment including temporary employees and full-time contractors was 16 709, providing 1 561 more jobs than in 2012.
Duvenhage stressed that although mining is not the largest employer, this is a very significant contribution given Namibia's small population and its high level of unemployment which has recently been announced by the Namibia Statistics Agency (NSA) to have increased by 2.2 per cent to 29.6 per cent in 2013.
He added that the security of uninterrupted supply of power and water remains a major concern to the chamber and the industry at large, with increasing cost of both power and water tariffs.
Duvenhage said the chamber continues to engage with both NamPower and NamWater to resolve supply and pricing issues.