non-compliant . The Code of Conduct and Ethics also encompasses environment , labour and industrial relations , safety and intellectual property rights standards to name a few , which members are compelled to adhere to .
The organisation also plays a vital role in shaping and influencing the National policy and the regulatory framework within which the mining sector operates . Ensuring that Namibia remains an attractive and favourable destination for investment in the mining sector is one of the key functions of the CoM . In the 2014 Fraser Institute Survey of Mining companies report , Namibia was ranked as the most attractive destination for mining in Africa with regard to its regulatory framework and mineral endowment . The CoM in partnership with the Government of Namibia strive to sustain and maintain Namibia ’ s top status as a sought after destination for investment into mining as both parties recognise and acknowledge this sector to be the backbone of the Namibian economy .
“ In the 2014 Fraser Institute Survey of Mining companies report , Namibia was ranked as the most attractive destination for mining in Africa with regard to its regulatory framework and mineral endowment ”
Namibia ’ s favourable investment is not only reflected in international bench marking reports , but more importantly in the very growth of the mining sector recorded during the last five years . Notwithstanding a depressed and uncertain global macro-economic environment , Namibia has attracted an impressive US $ 3 billion worth of investment into the local mining sector during the period in question . This has ultimately lead to the development of three new mines and the creation of
www . chamberofmines . org . na 63