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Rare Earths’ finance search swells

Namibia Rare Earths Inc has increased private placement to Cdn$4,000,000, as the company raise capital to fund Kunene Cobalt-Copper. The development comes as a result of investor interest in the company. Rare Earths is increasing the non-brokered private placement previously announced in March from a maximum of Cdn$3,000,000 to a …

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Drilling kicks off at Reptile project

Deep Yellow has commenced a 10,000m RC drilling program on the Reptile Project within EPLs 3496 and 3497. The project under Reptile Uranium Namibia  is to assess approximately 40km of the 100km of highly prospective palaeochannel system that has been delineated and remaining to be tested. This system includes the …

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Namdeb offload Elizabeth Bay Mine

Namdeb has announced that it’s seeking to secure long-term future for Elizabeth Bay Mine. Namdeb Holdings, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, today announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future. …

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Clean Energy finds way into tourism industry

CRONIMET Mining Power Solutions GmbH’s solar power plant will supply Midgard Country Lodge with clean energy. The power plant a property owned and operated by Ohlthaver & List (O&L) Leisure in the heart of Namibia went into operations last December. The plant will not only reduce Midgard’s electricity costs significantly, …

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Strong zinc output from Black Mountain, Skorpion

Vedanta Zinc International subsidiary has delivered strong zinc production at Black Mountain in the Northern Cape and at Skorpion in Namibia in the last quarter of 2017. In addition, the company also reported that the $400-million Gamsberg zinc project was on track for first production in mid-2018. Black Mountain recorded …

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Rising trajectory for Etango

Etango Project strongly progressed in the last quarter of 2017 buoyed by improved uranium market, Bannerman Resources the developer has said. “The December quarter yielded excellent improvements to the Etango Project’s projected economics with the Processing Optimisation Study confirming significant reductions in estimated capital costs and opportunities for operating cost …

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Rosatom signs small scale hydro facility contract in SA

Hungarian company, Ganz Engineering and Energetics Machinery (Ganz EEM) and its South African partner, energy solutions provider Blue World Power Energy and Resources recently signed a contract to supply hydro-electric equipment for the installation of a small scale hydro-electric power plant at Mpompomo Falls, near Barberton in Mpumalanga. Alexander Merten, …

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Caterpillar presents broad range of machines at Mining Indaba

Caterpillar has announced intentions to present its unmatched range of innovative technologies and services at Mining Indaba billed for February 5-8 in Cape Town, South Africa. With a focus on optimizing operations, whether surface or underground, large or small, Caterpillar and Cat® dealers are dedicated to working with mining companies …

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Tin developer procures equipment for Namibian project

AfriTin Mining has procured the entire front end crushing component for the processing circuit at the Uis tin mine currently under development in Namibia. Through its Namibian subsidiary, Dawnmin Africa Investments, AfriTin has procured the following equipment: A jaw crusher, three cone crushers, stacking and conveying equipment and the electrical …

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ARV expands footprint in Orange River Pegmatite Belt

Australian mining company Walkabout Resources’ subsidiary Aardvark Minerals (ARV) has inked a deal for a staged earn-in to an exclusive prospecting licence (EPL5691) in the Warmbad area of southern of the country. The license adjacent to, and directly to the south of the 100% owned Walkabout licence EPL6308 will form …

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