approximately 2,000 new permanent jobs . The country is set to become the world ’ s second largest uranium producer as Swakop Uranium ’ s Husab mine gears for first production in the last quarter of 2016 and ramps to full production by end of 2017 . New production from B2Gold ’ s Otjikoto gold mine trebled Namibia ’ s gold output in 2015 , and Weatherly ’ s Tschudi mine began producing copper cathode in February 2015 , paving the way for other manufacturing opportunities in Namibia . This is not to mention various reinvestments made by the sector , one of the most recent being a diamond exploration vessel constructed at a cost of US $ 139 million which is owned by Debmarine Namibia .
The Namibian mining sector is governed largely by two pieces of legislation , the Minerals ( Prospecting and Mining ) Act of 1992 , which is currently under review and the Diamond Act of 1999 .
Benefits to Chamber membership are numerous , but of the most important is the advocacy that the CoM provides , an organisation which recognises the importance of mining in achieving socioeconomic development and thus strives towards the best possible outcomes for the mining sector and the country at large , while ensuring that these are achieved according to industry best practices and in a manner which is environmentally and economically sustainable .
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