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Friday, 13 September 2013

Namibia Mining Report Q4 2013:Energy & Power Market Research Reports

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Namibia Mining Report Q4 2013
Sep 11th 2013, 00:00, by rnrmahesh

We have downgraded some of our growth forecasts to account for the current economic environment and the sharp crash in uranium prices experienced over 2013. The decline in prices has led to the postponement of several major uranium projects in the country and has pushed back investments. We expect Namibia’s mining industry to reach US$1.30bn 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 government and the independent Chamber of Mines. In February President Mark Dawe told Reuters that …

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