NAMIBIAN ECONOMY BENEFITS FROM MINING, SAYS INDUSTRY LEADER

WINDHOEK, The Namibian economy benefits largely from the mining industry as it remains one of the major contributors to gross domestic product (GDP), says Chamber of Mines of Namibia Chief Executive Officer Veston Malango.

Speaking at the launching of the 2017 Mining Conference and Expo here Wednesday, he added that the benefits of a modern and well-run mining sector are plenty, and remain important drivers of Namibia's economic growth.

The mining industry, he said, contributed 12.5 per cent to Namibia?s GDP in 2015 and contributed an average of 50 per cent to the country's foreign exchange earnings.

"The Namibian mining industry provides jobs to about 9,000 permanent employees, of whom 95 per cent are Namibians and only 5.0 per cent are expatriates," said Malango.

The expo, where current and potential stakeholders will showcase their operations and network, is scheduled for April 26 and 27 at the Windhoek Showgrounds.

Source: NAM NEWS NETWORK