Epangelo seeks more opportunities
By Michael Tambo - August 2011
SHORTLY before Namibia’s independence, the United Nations Institute for Namibia (under the auspices of the United Nations General Assembly Resolution 37/233/A-E) conducted a comprehensive study which envisaged that Namibia would need several public enterprises in order to effect major socio-economic restructuring of the country.
Consequently, Government was tasked with the responsibility of rational exploitation and use of the mineral resources, the formulation of policies and administrative rules on acquiring mining concessions and the broad conditions under which domestic and foreign financial and technical resources could be acquired.
The study also recommended that a mining parastatal should be established to assist the State in sectoral planning, coordination, supervision and overall implementation of the mining policy in relation to the public enterprise, joint ventures, marketing, procurement and training.
This was to be the umbrella organization of the affiliates within which existing and new companies should be integrated to carry out activities which included the following:
”State participation in mining and mineral resource development; preparation of feasibility studies and promotion of projects; coordination of mineral resources and industrial development for the benefit of other ministries responsible for the manufacturing and energy industries; advising the relevant ministries and financing of mineral resource development; initiating and reviewing corporate plans and annual budgets for the public enterprise and joint venture companies and monitoring their performance on a regular basis; establishing and carrying out a manpower and training coordination programme for the entire mining sector; coordinating job descriptions for all group companies; coordinating and reviewing procurement and marketing of all mining companies with a view of setting up a public sector marketing enterprise and ensuring that all policies of the Government, regarding mining and mineral development, within the context of the development of the national economy as a whole are implemented.”
Although it was expected that the new parastatal would be established immediately after independence, this did not take place simply because the existing mineral policy placed emphasis on the private sector although the private sector did not meet what was expected and only in 2008 was Epangelo Mining Company establi...
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