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Namibian miner B2Gold says excessive tax regime repelling foreign investment in mining sector

Namibian gold mining giant B2Gold says the country’s mining sector has been unable to attract new investors due to excessive mine taxation and bureaucracy at various levels of the government. In an interview with Namibian newspaper ‘The Villager’, B2GOld Public Relations Coordinator Kaanduka Nghipandulwa said mining companies face additional challenges which include poor access to capital, lack of cost-efficient access to water and power, a general lack of essential skills and expertise and a culture of poor industrial relations.