Business

Etango Uranium Project developers of Bannerman Resources Limited have appointed veteran and accomplished Namibian miner to its board. The company has appointed Mike Leech as a Non-Executive Director of Bannerman and Chairman of the company´s Namibian subsidiary. Leech is a uranium industry veteran and respected statesman and most recently, he …

Australian mining company African Energy Resources (AFR) has been granted a coal mining license in Botswana. The company said the 25 years mining license covers an area of 51.47km2 and contains 650Mt of raw coal in measured and indicated resources. “Granting of the mining license is an important step towards finalising the permits for …

There are three main challenges facing the Namibian mining sector: insufficient rail services, water shortages and the introduction of policies that could stunt investment. Chamber of Mines of Namibia CEO Veston Malango tells Mining Weekly that these challenges will be key topics of discussion at the chamber’s sixth annual Namibian …

The upswing in the mining industry, which was reflected at the 2017 Investing in African Mining Indaba in Cape Town in February, has opened up exciting opportunities for a wide range of companies active in the sector. The improved outlook towards commodity prices, particularly iron ore, coal and base metals, …

Canada-based international gold mining company Dundee Precious Metals’ (DPM’s) Tsumeb copper smelter, in Tsumeb, Namibia, achieved record smelting production December, with quarterly concentrate production also at a record high of 61 270 t, DPM said when it announced its mine and smelter production results for the three months and year …

Construction at the Swakop’s uranium mine Husab has been completed ahead of the projected full scale operations in August 2018. Zheng Keping the company’s Chief Executive Officer said workforce adjustments have also been made to ensure smooth production, despite controversies. Husab Mine started construction in 2013 with about 4 500 …

Norwegian supplier of floating production services to the oil and gas industry, BW Offshore has confirmed involvement in the Kudu gas field as BW Kudu Limited, a wholly owned subsidiary of BW Offshore. BW Kudu Limited has entered into a Farm-Out Agreement for a 56% stake of the Kudu license …

According to BMI Research, a Fitch Group Company, the downside risk to the Namibian mining sector is the empowerment component of the New Equitable Economic Empowerment Framework (NEEEF) Bill. Fitch Ratings, a subsidiary of Fitch Group, last year adjusted the outlook on Namibia’s sovereign debt from stable to negative. Moody’s, …

The Namibian government recently announced the lifting of a 10-year moratorium on new applications for exploration licences on nuclear fuel minerals. The Ministry of Mines and Energy announced in a statement that it is withdrawing the reservation of any area in Namibia from any prospecting and mining operations in respect …

Junior Auroch Minerals has continued to grow its Karibib lithium project, in Namibia, signing an option and joint venture (JV) agreement over a nearby exploration tenement. The company recently reported that the option and JV agreement, under which it could earn up to a 90% interest in a granted exploration …