Namibian mines undergo ownership changes in 2019

Contributed by NAMPA.

KHORIXAS, 14 AUG (NAMPA) – Namibia’s mines underwent many changes particularly with ownership during 2019 as the mines have matured over the past few years, the Chamber of Mines’ 2019 annual review indicates.
While Namibia is proud to have been home to some of the big mining majors such as Rio Tinto and Anglo, many of them have sold their Namibian assets as profit margins have slowly been eroded over the life of the mine, the review launched on Thursday stated.
One of the highlights of mines th ...