Business

Inconsistent water supplies from Orano Desalination Plant are causing distress to mining companies in Namibia. Swakop Uranium Mine says it has lost N$1,9 billion over the past two years because of a French state-owned nuclear company’s inconsistent water supply. This mine is not the only one complaining. Rössing Uranium is …

The COVID-19 outbreak presents significant challenges and is likely to have a materially negative impact on the global economy, in our view. We believe commodity prices could fall closer to trough levels in the near term and make significant cuts to mining companies’ earnings forecasts. We believe negative earnings momentum …

Mining software solutions provider MICROMINE has launched a new pay-as-you-go subscription model for African clients to keep pace with industry need. The Australian-headquartered company, with a regional office based in Johannesburg, offers software solutions that span the mining lifecycle – from geological exploration and data management to resource estimation, 3D …

The German manufacturer of heavy machinery for mining, tunnelling and civil engineering, GHH has unveiled a new dump truck, the New MK-42. According to the company, through a press statement, the dump truck consists a payload of up to 45 tonnes, which is not only one of the largest of …

Even in these uncertain times, traditional diamond producers remain confident about future demand. Despite the current COVID-19 outbreak, on Friday (27th March), Anglo American announced that production will continue across several African diamond assets with considerably reduced employee numbers. Individual mines will continue operating with only 50% of workers remaining. …

Australian miner Namibia Critical Metals recently announced intentions to complete a non-brokered private placement in the amount of up to $350,000. According to the company, the private placement will be used primarily to fund working capital and general corporate purposes. Namibia Critical Metals holds a diversified portfolio of exploration and …

Namibian Ministry on Mines has entered into a strategic partnership with the Namibian Broadcasting Corporation (NBC) for production and broadcasting services. The Memorandum of Understanding, which was signed recently, will see the ministry using the NBC platform to promote its operations and market its strategic plans. During the signing ceremony, …

A new sanitary bulk bag filling system from Flexicon features dual SWING-DOWN™ fillers fed by high capacity weigh hoppers, achieving fill rates of up to 40 bulk bags per hour. The patented filler design simultaneously lowers and pivots each fill head into a vertically-oriented position that places the inflatable spout …

South African condition monitoring specialists, WearCheck, today upgraded their laboratory in Tarkwa, Ghana into a state-of-the-art testing centre which can now conduct transformer oil, coolant and fuel analysis – amongst a host of additional services – as well as traditional used oil analysis. Tarkwa’s new laboratory – now housed in …

Namibia Critical Metals Inc has announced details of the planned work program for the Lofdal Heavy Rare Earths Project. The development comes after the company entered into an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) to jointly explore and develop Lofdal. Authorities at the company plan to …