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View of Navachab gold mine. Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. [1] Its contribution to the gross domestic product (10.4% in 2009, 8.5% in 2010, 9.5% in 2011, 12.3% in 2012, 13.2% in 2013, 11.6% in 2014) is also very important and makes it one of the largest economic sectors of the country. [2]
Uranium mining in Namibia is of considerable importance to the national economy. In 2020, Namibia produced 11% of uranium worldwide, ranked as the second largest producer, behind Kazakhstan. [1] [2] Uranium is one of the five mineral resources that were declared "strategic" by the Namibian government in 2011. [3]
The Rössing uranium mine in Namibia is the longest-running and one of the largest open pit uranium mines in the world. It is located in the Namib Desert near the town of Arandis, 70 kilometres from the coastal town of Swakopmund. Discovered in 1928, the Rössing mine started operations in 1976.
Sale of crafts Production and sale of local crafts creates income for local residents, especially women. Crafts are mainly manufactured from natural resources, and these need to be used sustainably if the industry is to continue to grow. NACSO partners provide support in terms of craft development, quality improvement and marketing.
Thorium resources have not been estimated and assessed with a higher level of confidence, as in the case of uranium. Approximately 6 million tonnes of thorium have been estimated globally based on currently limited exploration and mainly on historical data. [4] [5] Thorium resources are found widely in over 35 countries all over the world.
In December 2016, interest in the Berg Aukas mine was returned to shareholders, and the China Africa Resources Namibia changed its name to Pembridge Resources. Weatherly was traded on the UK Alternative Investment Market for some time, but trading has been suspended since 2015, following news of metallurgical problems at the Tschudi mine. [12]
The Namibian government has developed programmes to ensure that communities can manage and benefit from natural resources. Integrated park management builds on Namibia's Community-based Natural Resource Management (CBNRM) Programme. The NamParks Programme builds on the CBNRM Programme to include the management of national parks in land units.
Denison Mines planned to begin mining its Arizona One mine in 2007. [9] The deposit is in a breccia pipe on the Colorado Plateau of northern Arizona. [10] In March 2011, the State of Arizona issued air and water permits to Denison which would allow uranium mining to resume at three locations north of the Grand Canyon, subject to federal ...