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Phosphate Mining Company says fishing and phosphate can co-exist

Phosphate Mining Company says fishing and phosphate can co-exist

Namibian Marine Phosphate has come out strongly against reports that suggest their proposed development of the Sandpiper Marine Phosphate Project will have a detrimental impact on both the Namibian fishing industry and marine environment.

The company said 14 environmental studies have been completed as part of the environmental impact assessment process, which concluded that the Sandpiper Project will have no significant environmental impact on the marine environment in which the project is situated.

At a recent press conference, the company said they enlisted internationally renowned scientists to conduct these studies, costing in excess of N$28.7 million, and ensured all the experts have worked in some capacity on the Benguela Coastal System.

The company also stated that seabed mining currently co-exists with the bottom trawl fishing industry as evidence from Namdeb’s studies over the past 20 years confirms that the seabed is recovering after the excavation for mineral.

In addition to this, the company noted that no formal or legally valid moratorium currently exists regarding the marine mining of phosphates.

The mining licence issued to the Sandpiper Project covers an area of 2,334km2. However, Namibia Marine Phosphate intends to conduct dredging operations in a specific area: SP1 (60km2) which represents a small portion of ML170.

“The target area for dredging phosphate sand is small on a regional scale, and consequently any adverse environmental impacts can be appropriately managed through the comprehensive and legally binding Environmental Management Plan,” the company said.

Thus, the company welcomes the opportunity to formally address Namibia Seaman and Allied Workers Union (NASAWU) and Swapo Party Youth League’s concerns recently raised in the public arena.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.