Modern Mining March 2024

prices at a level encourages investment and incen tivises production. Namibia’s newly implemented beneficiation policy positions the government as a price stabiliser, thereby playing a vital role in long term strategic planning. This active involvement is designed to protect the local market, attract invest ments, and address market volatility. Namibia’s mining sector is intricately linked to

move is a crucial turning point for the economic tra jectory of the country – turning it from an exporter to a producer. The regulation promotes local pro cessing facilities, improving economic prospects for Namibians. Despite how the market reacted initially, the policy stands as a model for sustained success and other African countries are following suit. By process

Production of copper will restart at Tschudi open pit in 2024.

Central mine’s operations, including crushing, milling and flotation circuit.

ing minerals locally, not only is a larger share of the value chain captured, but it also drives growth in related industries such as manufacturing, technology, and renewable energy. Producing products as close to the source as possible will reduce mining’s carbon footprint and boost processing, allowing communities to retain more of the gains from extraction. It’s not about mineral protectionism, rather protect ing Namibia’s future. Sustaining copper prices at or above $10 000 per ton is also crucial to address the rising worldwide demand, driven by the transition to electrification and cleaner energy sources. Keeping

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