Namibia: Venaani Wants Mining Royalties for Communities
He said the ministry was in the process of amending the Minerals Act of 1992, including provisions relating to concerns raised about the monitoring of mining activities and illegal mineral extraction.
Under Namibia's existing Minerals (Prospecting and Mining) Act, royalties are payable for the benefit of the state revenue fund.
Venaani said a portion of royalties generated by mining operations could be placed in community trusts to fund development and ensure that local residents directly benefit from mining.
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