Mining (242)

 Canadian gold exploration and development company, Osino Resources Corporation, has closed its non-brokered private placement of N$150 million.

Bannerman Energy says it would require more N$5.6 billion (US$320 million) in pre-production funding after a definitive feasibility study (DFS) into its Etango 8 uranium project, in Namibia, has confirmed the project’s economic viability.

Trigon Metals Inc has received the remaining N$378.2 million as part of a definitive agreement it entered with Sprott Private Resource Streaming and Royalty (B) Corp. and Sprott Mining Inc. for its Kombat Mine in Namibia.

AfriTin Mining is seeking a name change to Andrada Mining, a move the company said is reflective of its expansion into lithium and tantalum resources, alongside its existing tin production, in the country.

AfriTin Mining says its latest exploration drill results from five further holes drilled during its ongoing exploration for lithium and tantalum at the Uis mine in Namibia contain the highest average lithium grade.

The Bank of Namibia (BoN) has seconded its Exchange Control and Legal Services Director, Bryan Eiseb, to the Ministry of Mines and Energy to act as the Ministry’s Executive Director for a period of seven months.

Namibian Marine Phosphate (NMP) says it has completed a final environmental- and social-impact assessment (ESIA), which includes the current and best available scientific data for the area in the ocean where it intends to mine phosphate.

 Australian uranium producer Paladin Energy expects its Namibian-based Langer Heinrich Mine to contribute at least 4% to global uranium production. 

Uranium hopeful Deep Yellow has flagged a cost blowout at its Tumas project, in Namibia, where a definitive feasibility study (DFS) is currently under internal review.

The Namibian government could have potentially lost out on millions of dollars in potential revenues after Chinese firm Xinfeng Investment exported 75,000 tonnes of lithium ore to China under the guise of testing purposes.