13
Mar
Justicia Shipena Chamber of Mines of Namibia chief executive officer Veston Malango says a government-funded exploration fund would not be the right approach for the country's mining sector because exploration is a high-risk activity that should be financed by private investors. Speaking during a stakeholder engagement by the Namibia Revenue Agency (NamRA) and industry representatives on Thursday, Malango said exploration projects often fail and should not rely on public funds. “Every time I hear that we are establishing an exploration fund, I get depressed. It is a bad idea because exploration is high risk,” Malango said. He said government resources…
