News

Redpath Mining South Africa has recently completed reaming of a 7.3 m diameter hole at Sasol’s Impumelelo Mine, the largest diameter hole reamed to date in Africa Johan Davel, Redpath Mining General Manager of Raiseboring said the reaming performance of the Redbore 90EX surpassed the company’s expectations “Achieving optimal accuracy …

De Beers Group’s Forevermark diamond brand has inscribed its two millionth diamond. According to the group, the diamond is a 3.48 carat round brilliant and bears the unique inscription of ‘2,000,000’. “The diamond was mined, cut and polished in Namibia and inscribed at the Forevermark Diamond Institute in Surat, India. …

Partnership Africa Canada’s (PAC) first responsible and conflict free artisanal gold supply chain is now operational in Eastern Congo’s Just Gold project. The global leader in developing innovative approaches to strengthen natural resource governance said Just Gold project is the first to successfully trace conflict-free and legal artisanal gold from …

Otjikoto operation is fulfilling its purpose as B2Gold’s African dream asset after delivering record production volumes in 2016 – with similar expectations on the cards. Triple-listed international gold miner B2Gold Corp. (B2Gold) is celebrating record production volumes (and process plant recoveries) at its Namibia-based open cast Otjikoto operation – well …

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 …

Bannerman Resources Limited developers of Etango Mine have reported a successful first quarter positioning the company to improve Namibia’s uranium sector outlook. The company says has continued its solid progress over another successful quarter, culminating in commencement of Definitive Feasibility Study (DFS) update to gauge the capital and operating cost …

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 …

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 …

Namibia Rare Earths will use proceeds of the private placement for general working capital purposes. The private placement is expected to close on or before 28 April 2017, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval and acceptance …

The persistent rise in lithium spot prices from 2014 to 2016 has prompted an Australian company to formalise its agreement with a local exploration outfit, to look for richer lithium deposits in a known mineralisation zone south and east of Karibib. Australian mining firm Auroch Minerals, this week via the …