Weatherly International Plc – Contacts – Services and Branches



Weatherly International Plc – Contacts – Services and Branches

Weatherly International Plc

Weatherly International has been operating in Namibia since 2006 and has a constructive and transparent relationships with the Namibian government, its agencies and other key stakeholders.

Weatherly’s Namibian subsidiaries have local Boards with a strong majority Namibian representation, and experienced Namibian senior management.

Namibia is a stable democracy, promotes foreign investment, has a long established mining act and operates under an independent legal system.

In 2016 the mining sector contributed approximately 11.1% of Namibia’s GDP. The mining sector generated some N$29 billion in foreign revenue earning in 2016, and of this N$12 billion was spent on locally produced good and services – accounting for 64% of the total procurement spend by the mining sector. Overall the mining sector spent 41% of revenue on local procurement. Consequently, mining is a valued industry by both the Namibian government and its people.

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Namibian has been consistently ranked in the top four African countries by the Fraser Institute in terms of the Policy Perception Index, which serves as a ‘report card’ on the attractiveness of government mining policies.

In addition to this, the Namibian constitution and its political leaders promote and encourage inward foreign investment.

6.6% of Weatherly is held by Namibian Shareholders, including Epangelo Mining Company (the state owned mining company) and Labour Investment Holdings (the investment arm of the National Union of Namibian Workers).

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