Namibia Scraps Rules for Mining Exploration Licenses for Black Owners

The Policy was Introduces to Increase Participation of Disadvantaged Black Namibians

Namibia has scrapped a requirement for companies seeking mining exploration licences to be partly owned and managed by black Namibians, the country’s mining industry group said on Friday.

The policy was introduced in 2015 to increase the participation of historically disadvantaged black Namibians in some of the country’s most lucrative business projects, but critics said it threatened the diamond and uranium producer’s ability to attract investment.