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Mining (311)

Botswana and De Beers have signed a new diamond sales deal, giving the neighboring country a larger share of rough stones from their joint venture, according to the Botswana government and the mining company.

Australian uranium producer Paladin Energy says it is on track for first uranium production from its re-started Langer Heinrich Mine, in Namibia by the first quarter of next year.

The Ministry of Mines and Energy is expected to rescind its decision to cancel a lithium mining licence issued to Xinfeng Investments after Xinfeng Investments won its High Court challenge against the Minister's decision.

Mining-focused investment adviser Appian Capital Advisory has completed the acquisition of a controlling 89.96% stake in the Rosh Pinah zinc/lead mine from Trevali Mining for an undisclosed amount.

Andrada Mining says it aims to complete the process of finding a lithium development partner for its Uis mine in Namibia by September. 

Trigon Metals Inc, which is targeting to restart its mill next month, expects to resume copper concentrate shipments from its Kombat Mine in Namibia in August.

Omico Mining Corp (Omico) says the Bankable Feasibility Study on the Omitiomire Copper Project has revealed that geotechnical drilling completed this far indicates a longer life of mine.

JSE-listed construction group Raubex grew its order book to a record R20 billion in the year to February from R17.1 billion the prior year, largely on the back of N$1.2 billion Namdeb contracts awarded to the group.

Mineral exploration activities in Namibia are complex and dynamic, involving the engagement of multiple stakeholders and communities. Effective stakeholder and community engagement is crucial for the success of any mineral exploration project.

Oil major Shell, which is conducting appraisal work on PEL-39 to determine the commercial viability of the hydrocarbon, has cautioned that first oil from its discovery in Namibia is unlikely before 2030.