Namibian state-owned
mining company, Epangelo Mining, will not commit itself to a fixed
share in future joint ventures with mining firms, managing director,
Eliphas Hawala, told Reuters in an interview on Wednesday.
Mining minister,
Isak Katali, made international headlines last month when he said
certain minerals, including uranium, would be declared strategic and
their future mining would fall under Epangelo. Any company wishing to
mine for those minerals would need to enter into a joint venture with
the state-owned firm.
The minister has
since dispelled fears that the move would be tantamount to
nationalisation, saying that the government would not take rights away
from existing licence holders.
