News

Weatherly plc is planning a resumption of activities at its dormant Matchless and Otjihase mines, Weatherly believing that the discontinued operations still offer much promise it said this week. “Otjihase, Matchless West and Old Matchless, still represent a significant opportunity for the Weatherly. Plans are being prepared to support a …

A multi-billion dollar sulphuric acid plant was opened in Tsumeb, as part of a new business venture of copper smelting company Dundee Precious Metals. The plant is expected eliminate about 95 percent of hazardous emissions in the air. Construction started in 2013 with N$2.6 billion having been committed to the …

Next Graphite announced this week that its joint-venture partner locked in a disclosed producer for the supply of an initial 5,000 tonnes of graphite, subject to receiving a full mining license, an application for which will be submitted in early 2017. The supply agreement expands upon the Letter of Intent …

For good reason the perception of Chinese exploitation of Africa is fast gaining momentum. With 80% of Husab Mine’s general workers unable to afford decent housing, and living in shacks, while they ( Chinese) live in Swakopmund’s most luxurious suburbs, it is inevitable to question the sincerity of Chinese investments …

The environment ministry approved an application by an Arab-majority owned company to extract marine phosphate from the sea, despite concerns about a lack of consultations and the danger to the ocean ecosystem. Phosphate, which will be used to make fertilisers, is expected to be extracted around 120 kilometres into the …

Despite Australia-based uranium producer Paladin Energy lifting saleable uranium output by 16% in the quarter ended September 30, it missed its sales guidance by 50 000 lbs of uranium oxide (U3O8), citing a re-timing of sales negatively influencing results. Total sales for the quarter amounted to 600 000 lbs U3O8, …

South Africa-based condition monitoring company, WearCheck has opened two more cross-border laboratories recently bringing to thirteen the number of laboratories operated by the company, in nine countries. The recent addition to their operations is an on-site condition monitoring laboratory at the Husab Uranium Project. Swakop Uranium, the owners of the …

Swakop Uranium has announced that production at its Husab mine in Namibia would commence late next month. Local media reports said the planned operationalisation of the mine was disclosed by company CEO Zheng Keping when he paid a courtesy call on VP Nickey Iyambo in Windhoek recently Keping said once …

Rising mining production and cutbacks on nonessential spending will see Namibia’s fiscal deficit narrow in the coming months, says BMI Research, which is part of Fitch Group. BMI points out in a new report that Namibia’s fiscal balance will begin to narrow over 2017, after widening substantially this year, on …

While Kudu may not have grabbed as many front pages as has become commonplace, it appears that the ambitious multi-billion dollar project is still on the cards. This comes as Namibia Petroleum Corporation board chair Johannes !Gawaxab and Managing Director Immanual Mulunga were both prepared to provide updated information on …