Under section 47(2)(a) of the Minerals (Prospecting and Mining) Act, 1992 (Act no. 33 of 1992) The Namibian Minister of Mines and Energy is empowered to grant an application made by a licensee for the transfer of mineral licenses, or the cession or assignment of interest in a mineral license on the terms and conditions determined by the Minister.
In terms of the powers vested in the Minister under section 47(2)(a) of the Minerals (Prospecting and Mining) Act 1992 (Act No. 33 of 1992), the Minister has determined that as of 1 April 2021, applications submitted by Namibian license holders for the transfer of mineral licenses, or the cession or assignment of interest in a mineral license may be granted subject to the condition that 15% interest in the license must be retained by Namibians.
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