Tuesday , November 19 2019
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Africa

Namibian mine sale delayed

Uranium miner Paladin Energy has warned shareholders of a delay in the completion of the sale of a 24% interest in the Langer Heinrich mine, in Namibia, to a Chinese company. The dual-listed firm is selling a 24% interest in Langer Heinrich to CNNC Overseas Uranium Holdings and up to …

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South Africa falls behind in new mine development

South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of sufficient exploration investment to seek out new orebodies. South Africa is not investing in its geological potential as much as it should be and risks falling …

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November fuel prices remain unchanged

The Ministry of Mines and Energy this week announced that fuel pump prices for November 2016 will remain unchanged. According to the Minister of Mines and Energy, Obeth Kandjoze, the average price per refined barrel of oil in Singapore, Kuwait and Italy, from where Namibia sources petroleum products, were US$61 …

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Konecranes inks Dundee deal

Dundee Precious Metals Tsumeb recently signed a service contract for two years with the Konecranes Cape Town branch, to undertake necessary repairs on their cranes. The immediate repairs include getting the cranes up to standard as soon as possible. This meant refurbishing the old cranes at the Receiving Bay and …

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Planned resumption at Matchless, Otjihase mines

Weatherly plc is planning a resumption of activities at its dormant Matchless and Otjihase mines, Weatherly believing that the discontinued operations still offer much promise it said this week. “Otjihase, Matchless West and Old Matchless, still represent a significant opportunity for the Weatherly. Plans are being prepared to support a …

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N$3 billion sulphuric plant opens in Tsumeb

A multi-billion dollar sulphuric acid plant was opened in Tsumeb, as part of a new business venture of copper smelting company Dundee Precious Metals. The plant is expected eliminate about 95 percent of hazardous emissions in the air. Construction started in 2013 with N$2.6 billion having been committed to the …

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Next Graphite locks in off-taker

Next Graphite announced this week that its joint-venture partner locked in a disclosed producer for the supply of an initial 5,000 tonnes of graphite, subject to receiving a full mining license, an application for which will be submitted in early 2017. The supply agreement expands upon the Letter of Intent …

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Husab Mine and Chinese Exploitation

For good reason the perception of Chinese exploitation of Africa is fast gaining momentum. With 80% of Husab Mine’s general workers unable to afford decent housing, and living in shacks, while they ( Chinese) live in Swakopmund’s most luxurious suburbs, it is inevitable to question the sincerity of Chinese investments …

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