Namibia launches first-ever green iron mine
Namibia commissioned on Monday the world’s first carbon-neutral iron located on a farm in the central part of the Southern African nation.
The project is said to be worth N$600 million ($30 million) and receives a part of its funding from the German government.
“The German Ministry of Economy and Climate covers one-third of the current N$600 million ($30 million) total investment. Namibia is in the lead because it possesses enough iron ore to meet all of the world's needs and this project will produce 15,000 tonnes of iron ore during its pilot stage, which puts Namibia at centre stage,” Johannes Michels, the managing director of the project said at the inauguration ceremony.
“Once the project gets going, there are countless job opportunities because there is a two billion tonne global demand for iron and 60 million tonne demand in Africa alone,” he added.
Christine Hoebes, minister in the presidency also said at the inauguration, “Since the government has pledged to achieve net zero carbon emissions by 2050, the Project is a step toward strengthening our commitment to environmental stewardship and sustainable development.”
