NMP says marine phosphate mining will help grow Namibia's economy

Namibia-based marine phosphate hopeful Namibian Marine Phosphate (NMP) says Namibia, with one of the world’s largest undeveloped phosphate resources, stands to benefit from the development of a phosphate project and fertiliser industry that will support many sectors, including agriculture, mining and employment.

NMP, with its proposed Sandpiper marine phosphate mining project, adds that development of phosphate mining will position the country as an exporter of phosphate and fertiliser products, thereby bolstering the country’s agricultural activity, as currently, much of the fertiliser consumed in Namibia is imported.

In this regard, the Sandpiper project could be the first “building block” for developing a fertiliser industry in Namibia, states NMP.