Foreigners can no longer own 100 % of a mineral licence

As of 1 April this year, all applications by Namibian licence holders for the transfer of mineral licences, or the cession or assignment of interest in a mineral licence will only be granted on the condition 15 % interest in such licence must be retained by Namibians.
The Ministry of Mines and Energy made this announced earlier this week in a statement. This new arrangement will ensure mineral licences can no more be fully owned by foreign entities.

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