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Mineral Wealth Namibia

Mineral Wealth Namibia

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Published by Valmik Soni
Minerals ,Namibia
Minerals ,Namibia

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Categories:Types, Brochures
Published by: Valmik Soni on Apr 05, 2013
Copyright:Attribution Non-commercial

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10/15/2013

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DEA RESEARCH DISCUSSION PAPERNumber 54February 2003
 
The contribution of minerals to sustainable economicdevelopment: Mineral resource accounts in Namibia
Glenn-Marie Lange
Directorate of Environmental Affairs, Ministry of Environment and Tourism,Private Bag 13306, Windhoek, NamibiaTel: + 264 (0)61 249 015 Fax: + 264 (0)61 240 339 email: contact@dea.met.gov.nahttp://www.dea.met.gov.na
 
This series of Research Discussion Papers is intended to present preliminary, new or topical informationand ideas for discussion and debate. The contents are not necessarily the final views or firm positions of the Ministry of Environment and Tourism. Comments and feedback will be welcomed.
 
 
Contact details:Glenn-Marie Lange
, Institute for Economic Analysis, New York University, 269 Mercer Street, Room 835,New York, New York, 10003, USA.GML1@nyu.edu
Edited by Helen SuichCover illustration by Helga Hoveka
 I would like to thank many people who assisted in providing data and valuable suggestions, in particular Ndamona Kali,Jonathan I. Barnes, and Matthew Wright. The author is responsible for all opinions expressed in this report.This work was supported in part through funding from the Swedish International Development Cooperation Agency andthe United States Agency for International Development.
 
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Table of Contents
Acronyms 2Abstract 31. Introduction: Minerals in the Namibian economy.......................................................................41.1 Namibia’s mineral economy................................................................................................41.2 Minerals and sustainable development: An environmental accounting approach..............52. Methodology and data sources....................................................................................................62.1 Structure of environmental accounts...................................................................................62.2 Physical accounts: Methodology and data sources..............................................................82.2.1 Namibian data sources.................................................................................................92.3 Monetary accounts: Methodology and data sources..........................................................102.3.1 Measuring resource rent............................................................................................102.3.2 Projecting future resource rent..................................................................................112.3.3 Data sources...............................................................................................................112.3.4 Constant value asset accounts....................................................................................123. Mineral accounts for diamonds, uranium and gold...................................................................123.1 Physical accounts for minerals..........................................................................................123.2 Resource rent and the monetary accounts for minerals.....................................................143.2.1 Resource rent.............................................................................................................143.2.2 Sensitivity analysis....................................................................................................143.2.3 Monetary accounts.....................................................................................................154. Policy implications for resource management...........................................................................164.1 Recovery of resource rent..................................................................................................174.2 4.2 Reinvestment of resource rent to maintain national wealth........................................185. Conclusions...............................................................................................................................206. References.................................................................................................................................22Appendix 1........................................................................................................................................24A.1 Calculation of resource rent for mining..................................................................................24A.2 Monetary accounts for minerals.............................................................................................26A.3 Taxes on resource rent............................................................................................................28
List of Tables, Figures and Boxes
Table 1 Resource endowments and economic growth in developing countries.................................4Table 2 Countries that construct mineral accounts.............................................................................7Table 3 Extraction of minerals in Namibia, 1980 to 2001...............................................................13Table 4 Physical accounts for diamonds, 1999 to 2001...................................................................13Table 5 Resource rent from mining in Namibia and, 1980 to 2001 ($N millions)..........................15 Table A1 Calculating resource rent for mining, 1980 to 2001..........................................................25Table A2 Monetary asset accounts for minerals in Namibia, 1980 to 2001 ($N millions)...............26 Table A3 Taxes on resource rent in Namibia, 1980 to 2001 ($N millions).....................................29Figure 1 Contribution of mining to GDP and exports in Namibia, 1980 to 2000 (percent).............5Figure 2 Structure of mineral asset accounts......................................................................................8Figure 3 Example of a McKelvey Box to classify mineral reserves..................................................8Figure 3 Mineral assets in current and constant prices, 1980 to 2001..............................................16Figure 4 Rent recovery from mining in Namibia, 1980 to 2001......................................................17Figure 5 Rent recovery as a share of rents from diamond mining, 1980 to 2001............................18Figure 6 The Sustainable Budget Index of Botswana, 1980 to 2001...............................................19Figure 7 Per capita GDP growth in Botswana and Namibia, 1980 to 2000.....................................20

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