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Bannerman appoints RMB to find investors for 5% stake

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 …

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Planned resumption at Matchless, Otjihase mines

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 …

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N$3 billion sulphuric plant opens in Tsumeb

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 …

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