WITH the popular desire to see that more is done to our raw resources, the Ministry of Mines and Energy is set to finalise its National Minerals Beneficiation Strategy, which will put an end to Namibia exporting its mineral wealth only to repurchase it at a premium once it has been processed, at a premium.
Speaking at the opening of the 6th African Diamond Producing countries Association (ADPA) council of Ministers meeting which kick-started in the capital today, Kornelia Shilunga, the deputy minister of Mines and Energy stated that the policy is set to be complete in August 2019
“The African Mining Vision is advocating for mineral beneficiation, to contribute towards industrialisation in order to benefit local economies,” the deputy minister stated.
Shilunga detailed that the ADPA Experts which arrived in Windhoek today from all over Africa will bring more value to all the issues and recommendations reflected on as well as those to be discussed at the platform.
The minister further stated that it is also evident that Africa has a pool of expertise necessary to address these challenges when pulled together and towards a common goal.
To date, the Diamond sector has not been spared the decay from the countries money strained economy, with the sector estimated to have registered a decline of 4.1% in real value added in the first quarter of 2019, compared to a growth of 8.0% registered in the same quarter of 2018.
This performance is reflected in the low number of carats produced as compared to the same quarter of 2018.
Touching on other issues facing African diamond producing countries, Shilunga stated that Diamond production for majority of the member states represented by the ADPA come from the artisanal and small-scale diamond mining (ASM) sectors. ASM represents nearly 25% of the world’s rough diamond trade.
Shilunga stated that the ASM operates under an informal system and is presented with challenges that escape internal controls of the Kimberly Process.
This necessitates the need for integrating the alluvial, artisanal and small-scale diamond sectors into formal economies in order to optimise benefits accruing from this sector, the duputy minister advised.
ADPA was established in 2006, with the core objective to improve diamond mining in African countries by fostering cooperation and technical assistance among member states, as well as coordinating members to strengthen their legislations, review their internal control systems and understand the marketing value of their precious resources by promoting cooperation and technical assistance between member states. By doing so, ADPA enables development to take place in an environment of peace and stability.