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New Mines & Development Projects

Three new mines have come into production over the last three years, reigning in over N$40 billion of fixed investments. These include the Swakop Uranium Husab mine, B2Gold's Otjikoto gold mine, and Weatherly’s Tschudi mine. The Otjikoto gold mine and the Tschudi mine are operating at full capacity, producing gold bullion and copper cathode respectively. The Husab uranium mine is expected to ramp up operations in 2019 and will become the world’s second largest uranium mine.

The recent spike in demand of battery minerals and improving commodity prices has resulted in the development of a new mine, the speedy restart of some old mining operations and prominent exploration projects. In April 2017, the Okanjande Graphite mine, under joint ownership between Gecko Namibia and Imerys Graphite and Carbon, produced first tonnages of graphite flakes. Towards the end of 2017, Desert Lion Energy also produced lithium from the old Rubicon and Helikon mines while African Tantalum produced Namibia’s first shipment of Tantalum pentoxide. North River Resources is also re-developing the Namib Lead and Zinc mine in the Erongo region for production early in 2019. Furthermore, Weatherly is considering modest restarts at the Matchless and Otjihase mines. There is also near-future potential for other copper projects such as Craton’s Omitiomire project as well as the old Berg Aukas and Kombat mines.

Prominent exploration projects include several rare earths deposits and the Opuwo Cobalt project;  under joint development by Gecko Namibia and Celsius Resources, which has yielded promising results to date.