Business

Next Graphite is wasting no time in getting its project to development stage as it aims to bring the dormant mine back into life. It recently announced that it informed the Ministry of Mines and Energy that it had completed survey plans of its planned activities. A survey of the …

Vancouver-headquartered gold producer B2Gold expects 2016 to be another year of record gold production as it concludes the half-year to June. Consolidated gold production from the TSX-listed company’s operations in 2016 is expected to be between 510 000 oz and 550 000 oz, weighted to the second half of the …

Next Graphite has come a long way in their quest to commission the first graphite mine and will in due course start its bulk-sampling programme. It made the announcement recently following a slow build-up to its much anticipated sampling programme. Site construction, including quarters for 30 workers and the building …

Ship repair company Elgin Brown & Hamer (EBH) Namibia (EBHN) has announced that it has secured an agreement with the Mining, Metal, Maritime & Construction (MMMCU) Union, resulting in the company withdrawing its intention to embark on unilateral retrenchments. “We are extremely pleased to have concluded an amicable agreement with …

The CHEC projects are valued at about N$3.44 billion and the whole project is valued at about N$4 billion. Nampost has indicated that as is the case with all large project, this project is not without risks or challenges and before the project commenced they had already identified several risks …

Namibia’s first iron mine, Lodestone’s Dordabis iron mine which began producing magnetite and hematite products for niche consumers in mid-2015, has an estimated life up to 2035, according to the Chamber of Mines Annual Review. Production commenced at the Dordabis iron ore mine in July 2015 producing 4000 tonnes of …

B2Gold’s Otjikoto mine near Otjiwarongo produced 36,172 ounces of gold in the second quarter of 2016, almost in line with budget forecast of 37,426 ounces and production in last year’s 2nd quarter of 36,963 ounces. The goldminer states in its latest production update that gold production was largely unaffected despite the …

India’s public and private businesses are ready to invest in resource-rich Namibia’s mining sector using environment-friendly processes to back the country’s developmental goals, President Pranab Mukherjee said on Friday. Addressing students of Namibia University of Science and Technology, Mukherjee said Namibia is blessed with rich natural resources and an abundance …

Materials handling equipment solu- tions provider Goscor Lift Truck Company (GLTC) has signed a three-year contract with Windhoek-based equipment and machinery supplier Barex Equipment, appointing the company its new dealer in Namibia. Namibia is home to gem-quality rough diamonds, uranium oxide, special high-grade zinc, gold bullion, blister copper and lead …

THE new diamond sales agreement between De Beers and the government has brought hope to local diamond manufacturers that they will now start receiving enough and good quality diamonds for cutting and polishing. In December last year, the manufacturers appealed to the government to save them from collapse. At the …