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Namibia Rare Earths expands metals portfolio

Namibia Rare Earths has signed an agreement with Gecko Namibia to acquire a controlling interest in a portfolio of seven metals properties. The development will see the company expand its focus from heavy rare earths to include cobalt, copper, zinc, lithium, graphite, tantalum, niobium, nickel, and gold. Through the agreement, …

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Vedanta’s recovery continues with robust first-half profits

Vedanta Resources sees further upside for zinc prices as it announced a 37.4% rise in half-year profit. The company, which mines zinc in India, South Africa and Namibia, said earnings before interest, tax, depreciation and amortization rose to $1.69-billion in the six months ended Sept. 30, marginally below analysts’ estimate …

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Uranium future growth engine for the economy

Business Monitor International (BMI) researchers have said uranium mining will be the main engine of growth in the coming quarters. The analyst’s latest Africa Monitor Report indicates that Namibia’s mining sector is seeing robust growth, posting 25.8 percent year-on-year growth in the second quarter of the year, led mainly by …

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