Ann: Mining Indaba Presentation by Jonathan Lesli, page-2

re: Ann: Mining Indaba Presentation by Jonath... Namibia: Supportive investment climate - yeah right, but only if you offer enough money to buy them off.

"Namibia 10th in Fraser Institute annual mining survey"
- yeah right, but for how much longer?

And finally, some pipe dreams Namibia have of things that WOULD have happened if they hadn't allowed themselves to be BOUGHT off for much less than the value of these things:


"Extract’s investment in Husab:

Will contribute 5% to the Namibian GDP and 20% to
the country’s merchandise exports*

N$2,200-million per year in corporate tax (5-6% of

Represents 34% of one year’s total national investment
the country’s merchandise exports*

N$2,200-million per year in corporate tax (5-6% of
total government income) and N$220-million p/a in
royalties*

Will create 1,100 permanent employment
opportunities and 4,000 temporary jobs during
construction

Will create up to 8,000 indirect jobs in Namibia

Will increase the number of people employed in the
mining sector by ~17%"