Namibia on the verge of cancelling contract with US from Mining their Oil and gas in the country

Namibia has taken a giant step towards managing their own mining sector starting with a contract termination with the US.

The United States has been in agreement with Namibia to mine Oil and gas in the African country for some unknown number of years.

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They have been operating in the country for years now but latest reports says it’s about to come to an end.

According to a report filed by African Hub, Namibia is contemplating on terminating the contract.

If terminated, Namibia will now have to find a way to mine their own oil and gas either locally or engaging other foreign company.

The African powerhouse is reported to have plans of venturing into a state-own mining operation ones the termination is completed.

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So far the Namibian government is yet to release a statement to it’s citizens concerning details of the contract.

It is therefore unclear whether the reports about the contract termination will be completed anytime soon.

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