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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 ...
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. In 2005, it produced 3,711 tonnes of uranium ...
The Rosh Pinah mine is a mine near Rosh Pinah in the ǁKaras Region of southern Namibia. It is one of the largest and most important lead and zinc mines in Namibia. The mine is located in the extreme southwest, about 20 kilometres (12 mi) north of the Orange River and 50 kilometers east of the Atlantic. [1] The mine is owned by Appian Capital ...
Deepsea mining in Namibia. Namibia is one of the first countries that issued mining licences regarding deep sea mining. studies that took place in 1970s discovered considerable amounts of phosphate deposits. The significance of seabed mining in Namibia's blue economy is highlighted by the country's status as a "phosphate factory".
Namibia's economy relative to uranium mining. Namibia is the fourth largest uranium producer in the world and produces a staggering 10% of the world's uranium. The mining industry make up a considerable portion of the Namibian economy, consisting of approximately 10% of its GDP and 50% of its total exports.
Geology of Namibia. The geology of Namibia encompasses rocks of Paleoproterozoic, Mesoproterozoic and Neoproterozoic and Paleozoic to Cenozoic age. About 46% of the countryʼs surface are bedrock exposure, while the remainder is covered by the young overburden sediments of the Kalahari and Namib deserts .
Namibia is a higher-middle-income country with an annual GDP per capita of N$79,431 in 2022, but has extreme inequalities in income distribution and standard of living. [10] It has the second-highest Gini coefficient out of all nations, with a coefficient of 59.1 as of 2015. [11] Only South Africa has a higher Gini coefficient. [12]
The Namibia Diamond Trading Company ( NDTC) is a 50/50 joint venture between the Republic of Namibia and the DTC; the mining and sorting arm of De Beers. Namibia is a known source for gem quality diamonds and is the fourth-largest exporter of nonfuel minerals in Africa. [1] In terms of scale, impact and economic importance, diamond mining is ...