NAMABIA has been ranked the second-most favourable jurisdiction on the Policy Perception Index (PPI) in
The recently released 2021
According to a statement issued by Chamber of Mines of
"It must be highlighted and cautioned that the absolute improvement of
"This indicates there is still much to be done to improve
Despite
They highlighted the lengthy process for getting permits as a hindrance for project development, and expressed concerns around the non-deductibility of royalties, although this was resolved in 2020.
The concern was that "non-deductibility of royalty payments prevents the sector from minimising costs and this hurts the industry's competitiveness".
The CMN believes this statement has negatively affected
The CMN, however, believes this report accurately reflects the overall current investment landscape, one which appears to be in limbo rather than improving dramatically.
"It remains increasingly worrisome that while pronouncements by the government favour a conducive investment environment, there is no visible corresponding actions to demonstrate the finalisation of outstanding policy matters that continue to perpetuate investor uncertainty," Malango said.
He said the chamber remains committed to working with the government to overcome these hurdles, and to ensure the most favourable policy outcomes are reached to benefit mining in
The Investment Attractiveness Index combines the Policy Perception Index and the Best Practices Mineral Potential Index and is an overall measure of a country's competitiveness.
"Although the mineral potential index carries more weight, investors are sensitive to policy uncertainty and will prefer jurisdictions that have a stable policy environment and are conducive for mining," said the chamber.
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