Deep Yellow Limited has revealed that drilling at its Tumas Project in Namibia has recommenced and is expected to be complete by October this year. “Deep Yellow Limited is pleased to advise drilling has recommenced on the Company’s Tumas Project (Project), located on EPL 3496 in Namibia. The Company is …
Read More »De Beers co-innovate geofencing solution to enhance crew safety in offshore mining
De Beers Marine South Africa and Orange Business Services have installed and tested a customised IoT solution to provide geofencing to maintain safe working distances for crew members around heavy machinery involved in marine diamond mining The solution was successfully piloted on board the MV Mafuta, an offshore diamond mining …
Read More »Namibia fuel price to increase starting September 2
The Ministry of Mines and Energy announced on Friday that Namibia will increase fuel prices of up to 2.6 per cent with effect from September 2. The ministry said the pump price of petrol at the port of entry in Walvis Bay is expected to increase by 30 cents to …
Read More »Trevali Mining’s zinc expansion plan in Namibia has NPV of $142m
Trevali Mining Corp. estimates that the project has a relatively attractive internal rate of return (IRR) of 65% and 8% net present value (NPV) of $142 million based on a zinc price of US$1.11 a pound. The prefeasibility study envisions a throughput expansion to 1.3 million tonnes annually, up from …
Read More »Namibia Critical Metals Secures $5 Million
Namibia Critical Metals has entered into an investment agreement with Alumina Partners, an affiliate of New York-based private equity firm Alumina Partners The draw-down equity financing facility is structured to provide Namibia Critical Metals with timely access to private placement financing. Under the terms of the investment agreement, the company …
Read More »Cronimet thrilled to be part of O&L Nexentury
Cronimet MD Steffen Kammerer has revealed that his company is thrilled to be officially part of the O&L family after many successful years as partners. German renewable energy project development company Cronimet Mining Power Solutions has merged with Namibia’s largest privately held group of companies Ohlthaver & List Group (O&L). …
Read More »Greenpeace condemns exploitation of yet another fossil fuel in South Africa
Commenting on the arrival of Total’s oil and gas drill rig DeepSea Stavanger in Cape Town on August 12, environmental organisation Greenpeace Africa says the Department of Mineral Resources and Energy “needs to get its story straight”. “The claim is that the drilling aims to diversify South Africa’s energy mix, …
Read More »Deep Yellow’s Tumas project on track
Reptile Uranium’s pre-feasibility study (PFS) at Tumas Project continues to progress on schedule, with a number of key work-streams being advanced, the parent company Deep Yellow has reported. Deep Yellow said a sufficient level of metallurgical work has been completed, which has allowed to adequately define the project metallurgy. The …
Read More »SADC countries told to effectively promote industrialisation and improve economic growth in the region
Natural resource-based sectors, including agriculture and mining, still account for, on average, 25% of gross domestic product (GDP) in the southern African region (SADC). This means that SADC member states’ continued economic dependency on natural resources and unprocessed commodities hampers the realisation of the region’s market integration goals and industrialisation. …
Read More »Scoping study for Etango-8 uranium project released
Bannerman Resources has completed scoping study for an 8Mtpa development of its flagship Etango Uranium Project in Namibia. Brandon Munro, Bannerman’s Chief Executive Officer said the Etango-8 scoping study represents successful culmination work. “Last year we commenced a review of various project scaling opportunities that might exist for the Etango …
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