Namibia Mining Report Q3 2016

Date: June 29, 2016
Pages: 48
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: N954B911B17EN

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: Namibia is one of the smaller markets we monitor with the sub-Saharan mining landscape; however, the country is one of the more attractive from an investment standpoint. The country has substantial diamond deposits, which have yet to receive the level of attention of those in surrounding countries such as Botswana and South Africa. Uranium mining is another important growth market, though a weak price environment has stunted output in recent years. We expected production to grow at a rapid pace as a series of high-profile projects come online, and the country is tipped to become the world's thirdlargest uranium producer by the end of the forecast period.

Latest Forecasts And Developments
  • According to the Chamber of Statistics, in 2015, Namibia's non-diamond mining sector surpassed diamond mining as the larger contributor to overall mining revenues and the country's foreign exchange earnings. Total non-diamond mining contributed NAD13.8bn over the year, compared with earnings of NAD11.5bn from diamond mining. In May 2016, De Beers announced the signing of a 10-year rough diamond supply agreement with Namibia's government as part of the company's investment in the Namibian Diamond Corporation (Namdeb) in which it owns a 50% stake. The contract is expected to lead to significant growth in diamond production and sales over the next few years.
  • In April 2016, Australia's Bannerman Resources, a uranium mining company with operations in Namibia, said it had no plans to delist from the Namibian Stock Exchange despite having recently delisted from Toronto's stock market.
  • We forecast Namibia's diamond production to grow by 3.8% in 2016, having contracted by an estimated 5.4% in 2015 due to falling prices. We forecast output growth to average 3.3% a year over 2017-2020 to reach 1.87mn carats.
  • In terms of uranium mining, we forecast production we forecast output to grow by 23.6% in 2016 to reach 3,700 tonnes (kt), having slipped below 3kt in 2015. Growth should accelerate in 2017, with production reaching 8.7ktpa at the end of the forecast period in 2020.
BMI Industry View
  Table: Namibia - Mining Industry Value
Latest Forecasts And Developments
Industry Forecast
Uranium: Hopeful Of A Return To Growth
Latest Developments
  Table: Uranium Production (Namibia 2012-2020)
Structural Trends
  Table: Namibia - Uranium Mining And Exploration Projects
Diamonds: De Beer's Betting On Industry's Potential
Latest Developments
  Table: Diamond Production (Namibia 2012-2020)
  Table: Namibia - Diamond Exploration Projects
Industry Risk/Reward Index
Namibia Risk/Reward Index
Africa - Risk/Reward Index
Key Takeaways
Latest Revisions
  Table: Africa - Mining Risk/Reward Index
Regulatory Development
Commodities Forecast
Commodities Outlook
  Table: BMI Commodities Price Forecasts
Competitive Landscape
  Table: Africa - Largest Listed Mining Companies
Company Profile
Vedanta Resources
  Table: Select Commodities - Price Forecasts
Latest Financial Results
Company Strategy
  Table: Vedanta Resources - Key Financial Data
Regional Overview
Sub-Saharan Africa Overview
  Table: SSA - Government Involvement In Mining Sector
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Weighting Of Indicators
Skip to top

Ask Your Question

Namibia Mining Report Q3 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: