Job Muniaro urges Government to own 50 per cent shares in all mines in the country

WINDHOEK: National Union of Namibian Workers (NUNW) Secretary-General (SG) Job Muniaro has urged Government to own 50 per cent shares in all mines in the country.

This level of equity ownership, he said, will bring about enormous benefits for Namibia in addition to the direct returns to Government through taxation and royalties paid by the mines.

In an exclusive interview with Nampa yesterday, Muniaro said Namibia cannot afford any longer to be exploited passively by foreign investors who own all the mines and exclusive prospecting licenses (EPLs).

He singled out the Rössing Uranium mine, in which Government owns only three per cent of shares, while the rest of the shares are owned by foreigners.

This is unacceptable, he said, they want Namibians to benefit from natural resources.

He noted that if the government cannot fight for 50 per cent shares in all mines, the union will take over the fight in shareholding of mines.

Muniaro also lashed out at foreigners whom he said have taken over institutions such as TransNamib, Air Namibia and the Roads Contractor Company (RCC), even the health profession among others, in the name of ‘skills transfer’ and turn-around strategies.

SOURCE: Nampa