News

Vedanta Resources sees further upside for zinc prices as it announced a 37.4% rise in half-year profit. The company, which mines zinc in India, South Africa and Namibia, said earnings before interest, tax, depreciation and amortization rose to $1.69-billion in the six months ended Sept. 30, marginally below analysts’ estimate …

Business Monitor International (BMI) researchers have said uranium mining will be the main engine of growth in the coming quarters. The analyst’s latest Africa Monitor Report indicates that Namibia’s mining sector is seeing robust growth, posting 25.8 percent year-on-year growth in the second quarter of the year, led mainly by …

Thirty-seven former and current mineworkers have tested positive for tuberculosis, this year. Selma Imene-Schutt, Programme Manager of TB in the mining sector at the Development Aid from People to People (Dapp), told The Namibian that 17 000 mineworkers were screened. Imene-Schutt said mineworkers are regarded as being more at risk …

Independent technical consultants – AMEC Foster Wheeler has indicated that Bannerman could save US73million on its capital expenditure for Etango. The project’s first processing optimisation study of the definite feasibility study update, together with extensive confirmatory test-work, maintains Etango’s position at the forefront of the global uranium development pipeline. Etango’s …

As intentions to increase mine-to-market value heighten in the Rio Tinto stable, the company has created a high profile position to stir this endevour. According to the company it intends to reinforce its focus on driving value across the business from mine to market with the appointment of Simon Trott …

Deep Yellow Limited developers of Tumas 3 have commenced a 2,000m RC drilling program at the EPL 3496 deposit. According to the Australia based company drilling will target the immediate extensions of the Tumas 3 deposit for which a maiden inferred resource was announced on 27 September 2017. “This resource …

Namdeb has confirmed the appointment of Riaan Burger, as the company’s chief executive officer with immediate effect. Burger, a mechanical engineer by profession, has been with the company for 22 years and has extensive experience ranging from general management, leading long term strategic projects, developing new mining methods as well as …

As efforts to diversify Oranjemund economic activities, ahead of diamonds mining coming to an end, authorities have opened the diamond-mining town to public. Previously restricting visitors Oranjemund, which lies in a diamond-mining area called the Sperrgebiet, or ‘prohibited area’ in German, held celebrations this month to declare an end to …

Impact Oil and Gas is optimistic that energy sector in Africa is destined for an upward swing. Mike Doherty, Executive Chairperson of the company said there was significant potential for growth in the oil and gas sector in Africa. He cited the continent’s ‘huge untapped potential’ offshore, particularly in deeper …

Mineworkers Union of Namibia (MUN) says Namdeb plans to close four mines in the coming five years. Mbidhi Shavuka, MUN Oranjemund Branch Chairperson told media that the union has started negotiating with Namdeb to save jobs. “We also understand that it is the nature of the resource; diamonds are finite,” …