Mining in Namibia

View of Navachab gold mine
21°59′01″S 015°46′00″E / 21.98361°S 15.76667°E / -21.98361; 15.76667

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] Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals.[3] The majority of revenue (7.2% of GDP in 2011) comes from diamond mining.[4][5] In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa.[3]

  1. ^ "Mining in Namibia.doc" (PDF). NIED. Archived from the original (PDF) on 2011-05-10. Retrieved 2010-06-26.
  2. ^ "Background Note:Namibia". US Department of State. 26 October 2010.
  3. ^ a b KPMG (2014). Namibia. Country Mining Guide. KPMG INTERNATIONAL. p.3
  4. ^ Duddy, Jo-Maré (27 November 2012). "Mining remains gem of economy". The Namibian. Archived from the original on 11 January 2013.
  5. ^ Kufa, Leon (April 2016). "Boom and Slump. The Mining Industry Has Seen it All". Mining Journal. Supplement to The Namibian. pp. 9–11.