Research and Markets: Namibia Mining Report Q2 2009

2009-11-10 18:56:01 -

Research and Markets ( www.researchandmarkets.com/research/9f52f4/namibia_mining_rep : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. ) has announced the addition of the " Namibia Mining Report Q2 2009 : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. " report to their offering.

Namibia Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Namibia's mining industry.

Namibia

is richly endowed with natural resources and is known globally for its uranium and diamond deposits. The country is the world's sixth-largest producer of uranium and among the largest gem-quality diamond producers in value terms. It also features among the top five nations around the globe for its zinc, copper and lead reserves. To expand the revenue earning potential of its mining industry, the Namibian government is making fervent efforts to establish a strong domestic market for diamond cutting and polishing. Taken together, these factors underscore the importance of the Namibian mining industry for its economy.

That said, the Namibian mining industry needs to gain a foothold in certain areas to further enhance its prospects, particularly as diamond production appears to slow down. Lack of water resources is a key factor that discourages investments in the mining industry. As a result of the nation's underperforming infrastructural facilities, mineral exploration has been slow, thus constraining the growth of the Namibian mining industry. On the other hand, recognising the vital role uranium is set to play in the country's future, processes have been initiated to revise and amend the Minerals Act, to align regulations that allow judicious exploitation of the resource.

Also, the global economic slowdown began to impact on Namibia's mining sector in Q109. Weatherly International, owner of major copper producer Ongopolo Mining, announced that it would close down its Tsumeb West and Matchless mines, later confirming that its Otjihase and Tchudi mines would be placed on care and maintenance. Bonaparte Diamond Mines said that it had concluded a diamond exploration project to focus on phosphate finds.

According to BMI forecasts, the mining industry of Namibia is estimated to reach a value of around US$1.24bn by 2013.



Key Topics Covered:

- Executive Summary
- SWOT Analysis
- Special Focus: Outlook For Global Mining
- Industry Trends And Developments
- Key Projects
- Business Environment
- Political Environment
- Industry Forecast Scenario
- Competitive Landscape
- Company Monitor
- Appendices

Companies Mentioned.

- Rössing Uranium
- Namdeb Diamond Corporation (Namdeb)
- Diamond Fields International


For more information visit www.researchandmarkets.com/research/9f52f4/namibia_mining_rep : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..



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