Namibia’s plan to nationalise a portion of its mines has smashed some ASX stocks and comes just weeks after Chile threatened to nationalise its lithium sector.
A comment by mines and energy minister Tom Alweendo that government wants a stake in all mines in Namibia today caused a bloodbath on uranium-listed shares on the Australian Stock.
A comment by mines and energy minister Tom Alweendo that government wants a stake in all mines in Namibia today caused a bloodbath on uranium-listed shares on the Australian Stock.
MELBOURNE (Reuters) -Namibia is considering taking minority stakes in mining and petroleum producers to reap more value from its mineral wealth, the African country's mining minister told lawmakers, weighing on shares of mostly Australia-listed miners on Tuesday. | May. 30