There is a direct correlation between the market size of contract mining and the commodities cycle/prices and investment patterns in capital projects Historically, mining was a highly protected industry and had a low propensity for outsourcing, but more operations are being outsourced across Africa, says global consultant and adviser Deloitte. …
Read More »De Beers and Namibia ink new decade-long Namdeb sorting, valuation, sales accord
Diamond major the De Beers Group of Companies and the Namibian government have signed a new ten-year sales agreement for the sorting, valuing and sales of Namdeb Holdings’ diamonds, representing the longest-ever signed agreement between the two partners. Namdeb Holdings is a 50:50 joint venture (JV) between the Namibian government …
Read More »Australia’s GB Energy to acquire lithium project in Namibia
In line with its strategy of targeting minerals critical for the future of the energy environment, ASX-listed GB Energy has entered into an option agreement with an unnamed South African company which, if exercised, provides the GB Energy with the right to acquire a 70% stake in Namibia’s Bitterwasser lithium …
Read More »Despite delay, Denison and GoviEx asset merger to create new African uranium champion
A new Africa-focused uranium champion is in the making, with the planned combination of Canadian explorers Denison Mines and GoviEx Uranium’s assets on the continent which, once completed, was expected to comprise the largest undeveloped uranium resource base in the world. Despite the partners recently announcing that closing of the …
Read More »Positive progress at Kombat copper mine
Canadian exploration and development company Kombat Copper president and CEO Paul Bozoki is confident that the Kombat copper mine, in the Otavi Mountainlands of Namibia, will start production in late 2016 and begin generating cash flow for the company. The Kombat mine historically produced 12.46-million tonnes of copper at an …
Read More »Event heads back to Swakopmund, Namibia
The African leg of mining software developer and provider Hexagon Mining’s MineQuest 2016, the company’s global user event series, will again be hosted by Namibia in Swakopmund from June 22 to 24. Mid-April saw the opening of the event in Tucson, Arizona, in the US, with the theme ‘shaping the …
Read More »Otjikoto Gold Production Exceeds Targets
Gold production at B2Gold’s Otjikoto mine for the first quarter of 2016 was 35 703 ounces against a budget of 35 653 ounces, exceeding budget by 50 ounces and 4 569 ounces higher than the same period of the previous year. The figures are contained in B2Gold’s Quarterly Gold Production …
Read More »Solar power solutions supplied to opencast mines
The ZRW mobile solar-powered floodlighting system was supplied to Namibian iron-ore mine which requires electricity to run 24/7 Tailor-made energy solutions provider ZRW Mechanika’s supply of solar-powered masts last year to chrome mining company Samancor Western Chrome, which operates an opencast mine in Marikana, in the North West, has sparked …
Read More »Nambian operation delivers improved copper cathode production
Aim-listed mining company Weatherly International’s Tschudi mine, in Namibia, has achieved a production of copper cathode of 4% above the mine’s nameplate production rate of 17 000 t/y. The mine produced 4 442 t of copper cathode in the quarter ended March 31, the company reported in a statement earlier …
Read More »Despite Otjikoto slope failure, B2Gold gold output on course for another record year
Canadian gold producer B2Gold has exceeded its first-quarter production guidance by 8 966 oz of gold, for company-wide output of 127 844 oz of the yellow metal, an increase of 10% over the same period in 2015. Despite a slope failure on the pit access ramp at the Otjikoto mine, …
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