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New Mines & development Projects

The development of new mines continue to mark impressive milestones, with two of them already in production. B2Gold’s Otjikoto gold mine produced their first kilogram of gold on 11 December, 2014 and Weatherly’s Tschudi mine produced the first copper cathode in the history of Namibia in February 2015. Both mines successfully ramped up to full production levels in 2015, contributing significantly to export and government earnings in 2015 and largely off-set the negative spill overs of the depressed commodity market. 

The construction of Swakop Uranium’s Husab mine remains on track and is expected to come into to production in the third quarter of 2016.

Dundee Precious Metals Tsumeb (DPMT), which owns Namibia’s copper smelter, commissioned its sulphuric acid plant in July 2015. The plant was officially commissioned by H.E. President Hage Geingob on 6 April 2016. The sulphuric acid plant utilises off-gases from the smelter operations to produce sulphuric acid. Through off-take agreements with Rössing and Tschudi, DPMT is selling sulphuric acid to these two mines.

The Lodestone Dordabis iron ore mine commenced production in 2015, signifying another first for  Namibia. The magnetite and hematite products are being sold to local niche consumers, such as Ohorongo CementLocal sulphuric acid and iron ore production are being consumed as inputs by Namibian operations, exemplifying how sector mining sector growth leads to the expansion of up-stream and services sectors.