We are downgrading our industry forecast to account for the current economic environment and the sharp crash in uranium prices that was experienced this year. The decline in prices has led to the postponement of several major uranium projects in the country and as a result, has pushed back investments. We expect Namibia’s mining industry to reach US$1.34bn by 2017. Regulatory Developments 2012 saw increased speculation regarding the possible introduction of a super tax on mining activity in Namibia, leading to the possibility of further friction between the Namibian government and the independent Chamber of Mines. In February, President Mark …
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