03 Feb 2015 15:40pm
WINDHOEK, 03 FEB (NAMPA) Swedish-based jeweller, Kristallen, is planning to establish a gold refinery in Namibia.
The Minister of Trade and Industry Calle Schlettwein said during a media conference here on Tuesday that the companys interest in establishing a gold refinery is real, and Namibia is looking forward to have its own gold refinery.
He said it has not yet been decided where the refinery will be located and when construction starts.
The Trade Minister indicated that the company based in Lannavalla is busy acquiring the appropriate licence from the Ministry of Mines and Energy.
He said Namibia needs to have its own gold refinery and if all goes well, if there will be not enough Namibian gold to refine, the country will import raw gold from elsewhere.
Currently, Namibia has two gold mines the Navachab Gold Mine in the Erongo Region, and Otjikoto B2Gold mine in the Otjozondjupa Region.
The country does not have a gold refinery, and the gold is exported in its raw form.
Kristallen is already running gemstone-processing centres in Keetmanshoop and Karibib.
The Offshore Development Company (ODC) engaged with Lempäälä, a municipality in south-western Finland; the Partnership for Local Democracy and Development and Social Innovation (PLDDSI); Kristallen; along with the Polytechnic of Namibia (PoN) in running the centres in order to promote local economic development in Namibia.
The PoN offers gemmology training at the centres.
Gemmology is the science dealing with natural and artificial gems and gemstones. It is considered a geoscience and a branch of mineralogy.
Some jewelers are academically trained gemologists and are qualified to identify and evaluate gems.