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Deep South Resources legal showdown drags on, date has been set for final hearing

The final hearing between the Namibian Ministry of Mines and Energy and TSX-V-listed Deep-South Resources has been scheduled for October 3 and 4. The High Court of Namibia ordered Deep-South subsidiary Haib Minerals to file its heads of argument (HoA) by September 12 while the Minister of Mines and other …

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Doctored diesel is dangerous

In response to an article that appeared in Fin 24 on June 15th of this year, Gwede Mantashe, the Minister of Mineral resources and Energy, warned of the use of illuminating paraffin (IP) to doctor diesel in an attempt to defraud the revenue services and increase profits. The following article …

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Uis project gets major windfall

Aim-listed Uis Tin Mining Company, a majority-owned subsidiary of AfriTin Mining, and the Development Bank of Namibia have signed a conditional, credit-approved term sheet for a financing facility to finance the Uis Phase 1 Stage II Continuous Improvement project in Namibia. There are N$100 million in the planned credit facility. …

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