Government lobbies private sector for mining investment

Breadcrumb

The Namibian government will continue to lobby the private sector for investment in the mining sector.

The Minister of Mines and Energy, Tom Alweendo, says this is because of the risk factors involved and the capital required.

Addressing the two-day Mining Expo and Conference in Windhoek, Alweendo said mine exploration alone costs hundreds of millions of dollars, something the state cannot afford.

And exploration alone does not guarantee any return on investment.