Search results
Results from the WOW.Com Content Network
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]
Following Rio Tinto's 2018 sale of Rössing shares to China National Uranium Corporation (CNUC), CNUC became the majority owner of Rössing with a 68.6% equity stake. [ 14 ] : 205–206 15% of Rössing is held by the Government of Iran (purchased in 1976), 10% by IDC of South Africa, 3% by the Government of Namibia (with 51% of voting rights ...
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.
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]
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.
Included in this list are Chad, Sudan, Namibia, South Africa, and Madagascar, whilst Mozambique and Tanzania are potential oil producers. [3] Types of Natural Resources in Africa. A notable part of Africa’s natural resources are minerals: crude oil, natural gas, coal and charcoal. gold, silver, lead, iron ore, cobalt, zinc, and manganese.
Although there is a variety of phosphate minerals in Namibia the most common one is found in sand form pellets on the organic rich muds of the seabed. [4] Those pellets can be found as a continuous layer in the Namibian waters at approximately 180 to 300 meters below the sea level. In the Namibia's case the formation consists of two layers.
Tourism is a major contributor (14.5%) to Namibia's GDP, creating tens of thousands of jobs (18.2% of all employment) directly or indirectly and servicing over a million tourists per annum. [47] The country is among the prime destinations in Africa and is known for ecotourism which features Namibia's extensive wildlife .