Namibia's mining investment attractiveness ranking falls

February 25, 2018, 5:10pm

Namibia registered a negative environment for mining investors last year, dropping from its 53rd world position to a 54th position on the Fraser survey.

The top jurisdiction in the world for investment based on the Investment Attractiveness Index is Finland, which moved up from 5th place in 2016. 

The survey is constructed by combining the Best Practices Mineral Potential index, which rates regions based on their geologic attractiveness, and the Policy Perception Index, a composite index that measures the effects of government policy on attitudes toward exploration investment.

Part of the reasons for the fall of Namibia’s ranking has been that government issued licenses ahead of its own legislated rules and approval processes. 

This has caused years of delays and court cases where the government acknowledged fault but still took almost two years to rectify the situation, the survey report notes.