Namibia: Country Reports

  We, at Infinity Supply are working with telecom operators in Namibia, providing data systems and spare parts for networks, some which are based in mines. This made me think of the Uranium deal. Namibia is a resource rich country, the 4th-largest exporter of nonfuel minerals in Africa, the world’s fifth-largest producer of uranium. Mining represents 25 percent of all Namibia’s income, its highest performing sector in 2018, with a 22 percent growth rate. Uranium exports to China were over $5.5 billion in 2017. Uranium is used to generate electricity in nuclear power stations, which potentially produces the fissile material for nuclear weapons. Namibia has signed the TPNW (Treaty on the Prohibition of Nuclear Weapons) and is in compliance, yet it has not yet ratified the Treaty. In 2019 Rio Tinto sold its Namibian uranium mine to China for $105 Mill, this is world’s longest-running open pit uranium mine and produces around 3 per cent of global supply. (China is not an adherent to TPNW, neither are many others!!) The question is: How many jobs would be lost long- term in Namibia due to this sale? Regardless of the promise made by China National Uranium Corporation stating that it had “no intention to replace local Namibian employees with foreign nationals” and how
will this sale further validate the prosperity of Namibia!?

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