News

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 …

Australian mining outfit, Paladin Energy is in the process to announce a solvency restructuring proposal, and a potential option in favour of China National Nuclear Company (CNNC) which could entitle Overseas Uranium Holdings Ltd to acquire Paladin´s interest in the Langer Heinrich mine. China National Nuclear is a minority shareholder …

Another contract awarded by a regional electricity distributor to a solar power joint venture, confirms that distributors are strategically moving to generation, gradually reducing their dependence on the national electricity utility, NamPower. This week OLC Solar Energy announced it has been awarded a contract from the central regional distributor, Cenored, …

TLT ACTOM aims to offer the mining and power sector more than just innovative ventilation fans. The company’s customised systems ensure that working conditions are safe and energy efficiency maximized as part of a holistic Total Ventilation Solution (TVS) that aims to reduce total cost of ownership. Craig Johnston, Operations …

Australian mining company African Energy Resources (AFR) has been granted a coal mining license in Botswana. The company said the 25 years mining license covers an area of 51.47km2 and contains 650Mt of raw coal in measured and indicated resources. “Granting of the mining license is an important step towards finalising the permits for …

There are three main challenges facing the Namibian mining sector: insufficient rail services, water shortages and the introduction of policies that could stunt investment. Chamber of Mines of Namibia CEO Veston Malango tells Mining Weekly that these challenges will be key topics of discussion at the chamber’s sixth annual Namibian …

Canada-based international gold mining company Dundee Precious Metals’ (DPM’s) Tsumeb copper smelter, in Tsumeb, Namibia, achieved record smelting production December, with quarterly concentrate production also at a record high of 61 270 t, DPM said when it announced its mine and smelter production results for the three months and year …

Industrial equipment supplier and rental company Renttech South Africa has been meeting a growing demand for its rental equipment in Namibia’s mining industry, particularly its range of diesel generators and welding equipment. The company reported in June that it had been supplying a major greenfield project since mid-2014 at one …