In the grand theatre of global energy shifts, some players get the limelight while others work wonders backstage. Take Namibia — a nation quietly sculpting an important role in the global energy transition.
By John Sisay, CEO, Ongopolo Mining Limited
Why Namibia? This isn’t just about its rich veins of lithium, copper and uranium, though these are stars in the net-zero carbon narrative. Lithium and copper, the lifeblood of electric vehicles and renewable energy tech; and uranium, the stalwart of nuclear power, are key. But there’s more to the story.
Building on Namibia’s extensive historical involvement with mining, the country stands out for how it’s playing its cards. It’s not just another resource rich country; it’s a beacon of modern policy, regulatory savvy and political serenity — a combination that has investors sitting up.
In an era where ESG considerations are no longer a nice-to-have but a must have, Namibia is rewriting the mining sector’s rules. Its government is ready to ditch the ‘dirty’ label of mining and embrace ESG-friendly practices as a core of its mining economy.
What does ’sustainable’ really mean? The answer lies in local communities. Being close to the source provides the insights for success. Identifying key stakeholders, understanding how to coexist harmoniously with the environment, gauging public opinion about your operations and recognising areas for improvement — all this valuable information can only be obtained from the locals.
It’s time to integrate the once distant mining operations into the social fabric. This is the only path to achieve long-term effectiveness and productivity.
The narrative is changing. It’s not just about exporting the materials; it’s about adding value locally, building an economy that doesn’t extract, but enriches. As global demand rises, exporting minerals exclusively is no longer sustainable. This is about policies that deliver job creation, foster a homegrown industry and ensure mining contributes positively to the national fabric.
A healthy business relationship is one where both parties benefit, which hasn’t always been the case for mining in Africa. The recent ban on exporting unprocessed minerals is a much needed fresh start and puts a new focus on mutually beneficial business opportunities for Namibia and the West.
From the economic perspective, keeping global supply consistent is intricately linked to local price stability and keeping copper prices around US$10 000 per ton is crucial. Namibia’s government is now stepping up as a price stabiliser to give investors the predictability they crave.
To meet demand, we need investment. Geopolitics also plays a part. Namibia’s ace? Its status as one of Africa’s safest, most stable countries, coupled with solid economic ties with the EU and China. This isn’t just about resources and policies; it’s about a holistic, attractive package for investors.
What’s happening in Namibia is not only a local success story; it’s a model for Africa. A narrative of using what you have wisely, of creating value that benefits both locals and the global community. In the quest for a balanced, sustainable future, Namibia isn’t just participating; it’s leading the charge.