Companies active in Namibia

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Sectors active in Namibia

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Namibia

Covering an area of some 824,292 sq km of savannah and desert, Namibia is located on the Atlantic coast of southern Africa. Populated by just under 2 million people, the country had an estimated GDP of US$ 7,000 per person in 2005.

Namibia has enjoyed multi-party democracy since gaining its independence from South Africa in 1990. The Namibian dollar continues to be pegged to the South African Rand.

The country has a long history of mineral exploration and mining which accounts for approximately 20% of the GDP. Namibia currently produces diamonds, gold, copper, lead, zinc, uranium, salt and fluorite. It has also been a producer of tin, silver, vanadium, tantalite and phosphate.

Although considered a relatively mature exploration environment, Namibia is a vast country with well endowed geological terrains, two thirds of which are hidden under a shallow cover of recent sediments. The country still has good potential for the discovery of world class mineral deposits.  This is demonstrated by the discovery and development of the Skorpion Zinc mine in 2003 and the Otjikoto gold deposit, which is located 300 km to the north east of Anglo American's producing Navachab gold mine (approximately 80,000 oz per year)

Good geological potential, political and fiscal stability and continued growth has prompted Clarity to invest in this beautiful southern African country.