News

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 …

Paladin Energy is looking to sell another stake in its Langer Heinrich mine numerous publications have stated this week. Paladin is expected to sell 24% of its stake as well as 75% of its Australian operated Manyingee mine in the hopes of raising US$200 million catered towards expansion. The sale …

Namibia Marine Phosphate (NMP) announced this week that they have attained a mining license from the Ministry of Mines and Energy and will commence with their mining project “Sandpiper.” The project is estimated to yield 1.8 billion tonnes of phosphoric sand and carries an estimated N$5.2 billion in investment capital, …

The South African mining industry is facing another challenging year with slower than expected economic growth, a prolonged and continuing downswing in commodity prices, an increase in short-term volatility, increased pressure on operating models, and regulatory uncertainty. Adding to these challenges is the increased difficulty in raising capital due to …