Namibia’s state-owned company, Epangelo Mining, established in 2010, has so far failed to start commercial mining operations, due to a lack of capital.
The country’s first state-owned mining company was established with the aim of ensuring local inhabitants received a bigger slice of the profits from the mining sector.
The Namibian government awarded the company all mineral rights for
strategic minerals, such as diamonds, gold, zinc and rare earth minerals.
To read more about resource nationalism go to
Metal Bulletin's website.