The Managing Director and Vice President of Dundee Precious Metals, Zebra Kasete, says the acquisition of Osino Resources signals a new era for economic expansion and establishes Namibia as a pivotal player in the mining industry while ensuring job opportunities.

On Monday, Dundee Precious Metals announced the acquisition of Osino Resources, a substantial deal worth N$214 million. 

The acquisition marks a significant step in expanding Dundee's portfolio and solidifying its presence in gold mining.

Dundee Precious Metals says wealth creation and empowerment of locals remain important in line with the National Equitable Economic Empowerment Framework (NEEEF), which is being mooted by the government.

The framework seeks to ensure a balanced redistribution of wealth and resources in the country, but some of the provisions in the framework have raised concerns among foreign investors.

nbc News Reporter Blanche Goreses engaged the President and CEO of Dundee Precious Metals, David Rae, following a courtesy meeting with President Hage Geingob at State House.