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Mining (305)

 Dundee Precious Metals has announced that its Tsumeb smelter in Namibia has missed its annual processing target for 2022.

The Ministry of Mines and Energy's Petroleum Commissioner, Maggy Shino, is set to lead discussions on investment opportunities in Namibia's energy sector at the Invest in African Energy Reception later this month in London. 

AfriTin Mining shareholders approved a resolution on Thursday to change the company's name to Andrada Mining Ltd.

The Ministry of Agriculture, Water and Land Reform has refused to grant Uranium One, a subsidiary of Russia’s Rosatom, which was granted exploration rights in 2019, a water use permit required for mining, saying the company failed to prove its uranium extraction method would not cause pollution.

 AfriTin Mining says it has recorded a ramp-up in production at its expanded Uis Mine processing plant, a development that has seen its November 2022 production exceeding target by 20%.

Broadmind Mining expects its Eisenberg rare earth minerals project to start production in 2026, its Executive Chairperson Sidney Martin has said.

Appian Natural Resources Fund III LP and Appian Natural Resources (UST) Fund III LP have emerged as winning bidders for Trevali Mining Corporation’s 90%-interest in Rosh Pinah Mine.

 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.