19.9 C
Supported byspot_img

Exploring synergies: Namibia’s mining sector and EU-Africa collaborations

Member of Europium Groupspot_img
Supported byspot_img

A recent study delving into Namibia’s mining sector sheds light on Europe’s efforts to foster strategic collaborations with African nations. Funded by the EU, the AfricaMaVal project aims to cultivate responsible and sustainable partnerships between the EU and Africa for sourcing critical raw materials (CRMs) crucial for Europe’s energy and digital transitions.

Mining potential: Namibia, a developing middle-income country, has witnessed substantial growth over the past three decades, with mining emerging as a cornerstone of its economy, driving job creation and income generation. Historically, diamonds and uranium dominated the country’s commodities sector. However, today, there are burgeoning investment prospects in materials like tin, lithium, tantalum, graphite, and rare earth elements, primarily on a small to medium scale.

Key areas of interest: The study identifies promising mining regions in Namibia, such as the Kunene region, abundant in cobalt, copper, rare earth metals, iron ore, and nickel-copper-cobalt-platinum group element mineralisations, and the Erongo region, rich in lithium, rare earth elements, tin, and tantalum. Noteworthy investments, like the Southern Namibia Mapping Program, underscore the government’s dedication to enhancing its geological database and attracting mining investments.

Supported by

Unlocking potential: The study outlines Namibia’s potential output of extended critical raw materials (ECRMs), encompassing all CRMs on the EU’s 2020 Critical Raw Materials List, excluding coking coal and natural rubber, along with copper, nickel, tin, and manganese. It delineates the ECRM value chain, pinpointing bottlenecks and potential investment avenues. Moreover, it offers insights into financing regulations, taxation, royalties, and provides an overview of the macroeconomic and political landscapes pertinent to in-country financing.

Challenges and considerations: Addressing social, environmental, and governance concerns is pivotal. The report scrutinizes mining practices vis-à-vis environmental, social, and governance objectives. Namibia’s robust legal framework and mining jurisdiction, renowned for its extensive geological database and clear environmental regulations, are contrasted with challenges like a high taxation environment, trade barriers, and uncertainties surrounding protected areas.

Strategic collaboration: The Memorandum of Understanding inked by the EU and Namibia in 2022 underscores their mutual interest in forging a strategic alliance on sustainable raw materials and green hydrogen. At a workshop convened to discuss investment opportunities and challenges outlined in the study, EU Ambassador to Namibia, H.E. Ana Beatriz Martins, reiterated the EU’s commitment to partnering with Namibia for sustainable, clean, and inclusive economic growth, emphasizing the promotion of local value generation and sustainable value chain integration as pivotal aspects of this partnership.

Supported byElevatePR Digital

Related News

Overcoming the copper supply challenge: Implications for U.S. renewable energy goals

A recent University of Michigan study sheds light on a concerning gap in copper production essential for meeting renewable energy targets in the United...

Unlocking renewable energy potential: The role of renewable hydrogen in storage and decarbonization

Renewable electricity can be effectively stored by converting it into renewable hydrogen or ammonia through the process of electrolysis. These fuels can be utilized...

Empowering renewable energy: Harnessing the potential of renewable hydrogen for storage and decarbonization

Batteries play a crucial role in providing short-term flexibility to the energy system, offering advantages such as geographical and sizing flexibility. Unlike some other...

Energy storage: Enabling clean alternatives and job creation in coal-dependent regions

Energy storage is particularly relevant to carbon-intensive and coal regions, as it provides a cleaner alternative to hard-to-abate industries and traditional fossil-fuel-powered thermal plants...
Supported by
Supported by
Supported by
error: Content is protected !!