Dundee Precious Metals is set to contribute about N$9 billion in taxes and royalties over the mine's 13 licence acquisitions.

The management of Dundee made the announcement during a courtesy visit to President Hage Geingob at the State House.
 

Dundee Precious Metals made the announcement after acquiring Osino Resources Corporation, owners of the Twin Hills advanced stage development project.

The development of the Twin Hills Project has the potential to generate significant value for Namibia, they say.
 

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.