Members of the Parliamentary Standing Committee on Natural Resources have proposed the enactment of legislation that would grant Epangelo Mining Company the authority to hold a stake in all mining agreements in Namibia, similar to the role played by NAMCOR in representing the state in petroleum agreements.

Established in 2008, Epangelo Mining is a state-owned enterprise responsible for exploring and mining natural resources on behalf of the government.

Initially, the company held 40 exclusive prospecting licences (EPLs), but the number has since decreased to 10.