NAMCOR gets N$3.2 billion SU tender

Economic boost

27 August 2019 | Business

Immanuel Mulunga; Managing director; “We had to compete with bigger and more resourceful international companies.”

Arandis - Adolf Kaure

Swakop Uranium (SU) and the National Petroleum Corporation of Namibia (NAMCOR) signed a five-year diesel and lubricants supply contract worth N$3.2 billion at the Husab Mine on Friday.

Speaking at the occasion, NAMCOR’s managing director Immanuel Mulunga, said that the company being awarded the contract was no foregone conclusion. “We had to compete with bigger and more resourceful international companies and pass a strenuous screening process to land this particular contract,” he said.

“We believe that we won this contract because we are set to provide the mine with services and oil products at competitive pricing, therefore delivering value for money,” Mulunga said.

According to him, the lucrative contract is equivalent to 60% of NAMCOR’s total annual current sales. “We are grateful that the mine has put its faith and trust in NAMCOR and we are looking forward to giving the same or even better service than the company that was supplying the mine for the last five years,” he said.

Also speaking at the event, the charge d’affaires of the Chinese embassy in Namibia, Yang Jun, said that the Husab Mine will boost Namibia’s economic development further when it reaches full capacity. “It will increase Namibia’s gross domestic product by 5% or more. Today’s contract will also help create jobs and help the economic development of Namibia.”

Husab Mine is China’s largest single investment project in Africa. It is also one of the most important mineral projects in Namibia.