Business

As part of efforts to ensure that natural resources found within the boundaries of city are managed and utilized sustainably, Windhoek City fathers wants the sand mining policy to be converted in terms of the Local Authority Act provisions. The conversion is expected to provide a coordinated and harmonized approach …

The production report from diversified mining and marketing company Glencore, which is seen as offering particular leverage to copper and zinc’s currently attractive fundamentals, elicited favorable analyst comment. “Glencore remains our sector top pick,”Barclays Equity Research analysts Amos Fletcher  and Ian Rossouw commented. “We have a ‘buy’ on Glencore,” stated UBS analysts Miles …

Point recorded Weatherly International’s Tschudi mine, in Namibia, delivered 14 759 t of copper cathode in the monetary year finished June 30, in accordance with direction, yet 13% underneath its 17 000 t/y nameplate limit. C1 money expenses of $5 288/t were likewise in accordance with direction of $5 250/t …

Bannerman Resources has completed the Namibian Partner Transaction, which sees One Economy Foundation become a 5% loan-carried shareholder in the Etango uranium project in Namibia. The transaction fulfills an emerging industry-wide requirement for a minimum of 5% Namibian ownership. The One Economy Foundation was chosen as the preferred investor for …

De Beers Canada is pleased to announce the inaugural direct flight from YYC Calgary International Airport to the Gahcho Kué Mine in the Northwest Territories, which is the world’s largest new diamond mine. The employee charter flight took place yesterday, departing from YYC’s Domestic Terminal – Concourse B, providing De …

After almost 30 years as a defunct mine, the tin deposits at Uis, have recently started attracting renewed investor interest. Bushveld Minerals CEO Fortune Mojapelo, announced last week that his vanadium producing company with a diversified portfolio of tin and coal assets in southern Africa, has completed all conditions to …

The world’s largest and most advanced diamond exploration and sampling vessel, the mv SS Nujoma, is ready to start operating for Debmarine Namibia. The US$157 million vessel will enable Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, to explore diamond …

PwC Africa’s 14th edition of PwC’s industry series analysing financial performance and global trends – PwC’s Mine 2017 report has painted a positive outlook for the mining industry. This comes at the backdrop of bolstered balance sheets and a return to profitability in 2016, giving mining companies much-needed space to …

Weatherly’s Ongopolo Mining Limited has rescheduled repayments for the various trenches of debt finances, extended to the company by Orion Mine Finance. The companies have agreed to defer repayment of Ongopolo’s Facility B loans to 30 June 2017 while the final maturity date remains unchanged at 29 February 2020, though …

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …