News

Global copper markets will be oversupplied for at least two years, executives at some of the world’s major producers of the metal and traders said recently, casting doubt on the chances of a prolonged rally in prices. That tempered assessment of the market at an industry conference in Shanghai came …

South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of sufficient exploration investment to seek out new orebodies. South Africa is not investing in its geological potential as much as it should be and risks falling …

Namibia diamond exploration and sampling mining vessel, the SS Nujoma, will leave the Port of Cape Town on Tuesday, embarking on a two-week period of sea trials. The mining vessel has been in the Port of Cape Town since arriving from Norway in August, where it was being outfitted with …

The Ministry of Mines and Energy this week announced that fuel pump prices for November 2016 will remain unchanged. According to the Minister of Mines and Energy, Obeth Kandjoze, the average price per refined barrel of oil in Singapore, Kuwait and Italy, from where Namibia sources petroleum products, were US$61 …

Dundee Precious Metals Tsumeb recently signed a service contract for two years with the Konecranes Cape Town branch, to undertake necessary repairs on their cranes. The immediate repairs include getting the cranes up to standard as soon as possible. This meant refurbishing the old cranes at the Receiving Bay and …

The first Sandvik AutoMine Loading installations were delivered more than 10 years ago and the automation system continues its success story today. More and more mines globally are discovering how Sandvik AutoMine can improve their operations. “This year seems to be a turning point with many new Sandvik AutoMine Loading …

Bannerman Resources, which has plans to develop the Etango uranium project in the Erongo Region, has engaged Rand Merchant Bank to undertake a process to identify local investors and broad-based beneficiaries to meet the 5% Namibian equity ownership requirement, the company said in a report posted on the Namibian Stock …

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 …