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flag Namibia's mining industry faces shifts as diamond revenues decline and new ownership rules deter investment.

flag Namibia's tax system for mining differs for diamond and non-diamond operations, with diamonds facing higher taxes. flag However, with diamond revenues falling due to price declines, non-diamond mining, especially gold and uranium, looks more promising. flag A proposed rule requiring 51% local ownership of new mines has caused concerns about investment. flag Despite these challenges, the mining industry remains crucial to Namibia's economy.

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