The big news this week was the volatility in Namibian uranium stocks after Bloomberg published an article suggesting Namibia was joining the likes of Zimbabwe, Indonesia and Chile with a proposed government policy that would nationalise the mining industry.

As it turns out, the comments were taken out of context and the Namibian government issued a clarifying statement saying that nationalisation was not the intention and that existing licences were inviolable.

We discuss the political and legal background to this issue and draw on Brandon’s extensive experience dealing with Namibian government policy.