Thursday , February 22 2024

Templesman eyes mining opportunities in Namibia

New York, diamond tycoon Maurice Tempelsman of Lazare Kaplan International (LKI) has expresses interest in Namibia’s offshore mining.

“We are also looking at some mining projects offshore  and some banking things,” said Tempelsman after a business meeting with President Hage Geingob, adding that the mining exploration is still in its preliminary stage.

Tempelsman also revealed that LKI was able to put up a banking facility with the United States’s Overseas Private Investment Corporation in Botswana to finance the beneficiation industry in cooperation with local banks.

“We are trying to see whether we can duplicate that for the Namibian situation which certainly, regarding its solidity in terms of its rule of law, makes it possible,” he stated. The chairperson added that his company would be happy to invest in Namibia through a ’50-50′ partnership with government.

“Certainly, when it comes to raw materials or any minerals, there is a vested interest and a political interest that government or the people have, so we feel quite comfortable with that,” he said.

Tempelsman also applauded Namibia as a country that is well-governed with the rule of law and democracy and a very open economic situation.

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