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Corp B2Gold working to ensure success of Namibia’s first underground gold mine

Byrnecut’s newest offshore contract for Canadian-owned Corp B2Gold has recently begun mobilization. The contract is for the new high-grade Wolfshag Underground Mine at the Otjikoto operation, which is around 320 kilometres north of Namibia’s capital, Windhoek. Wolfshag is Byrnecut’s first mining contract in Namibia. The team includes 34 experienced expatriate …

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Langer Heinrich mine production return scheduled for 2024

Paladin Energy, a uranium firm based in Australia, revealed intentions on Thursday to fund A$215 million to reopen the Langer Heinrich uranium mine in Namibia. The equity offering will consist of a single tranche fully underwritten share placement worth A$200 million and a non-underwritten share purchase plan (SPP) worth up …

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DBSA and DBN fast-track TransNamib with N$2.6 billion

Development Bank of Namibia (DBN) and Development Bank of Southern Africa (DBSA) have confirmed a loan of about N$2.6 billion finance for TransNamib. The loan will be used for remanufacturing of rolling stock, acquisition of new rolling stock, modernisation of the TransNamib Workshop, upgrading of signalling equipment, including spares and …

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