Mining and electricity

Mining in Namibia

Providing 25% of Namibia’s revenue, mining is the single most important contributor to the economy. Namibia is the fourth largest exporter of non-fuel minerals in Africa and the world’s fourth largest producer of uranium. There has been significant investment in uranium mining and Namibia is set to become the largest exporter of uranium by 2015. Rich alluvial diamond deposits make Namibia a primary source for gem-quality diamonds. While Namibia is known predominantly for its gem diamond and uranium deposits, a number of other minerals are extracted industrially such as lead, tungsten, gold, tin, fluorspar, manganese, marble, copper and zinc. There are offshore gas deposits in the Atlantic Ocean that are planned to be extracted in the future. According to “The Diamond Investigation”, a book about the global diamond market, from 1978, De Beers, the largest diamond company, bought most of the Namibian diamonds, and would continue to do so, because “whatever government eventually comes to power they will need this revenue to survive”.

Domestic supply voltage is 220V AC. Electricity is generated mainly by thermal and hydroelectric power plants. Non-conventional methods of electricity generation also play some role. Encouraged by the rich uranium deposits the Namibian government plans to erect its first nuclear power station by 2018, also uranium enrichment is envisaged to happen locally.