R/€ = 14.51 Change: -0.03
R/$ = 11.75 Change: -0.08
Au 1337.20 $/oz Change: -9.88
Pt 1001.50 $/oz Change: -11.61


De Beers diamond venture puts Namibian mine on sale

By: Reuters     9th February 2018 Namdeb, a 50/50 joint venture between the Namibian government and Anglo American's diamond unit De Beers, has put the Elizabeth Bay Mine on sale, a company spokesperson said on Friday. The sale comes three weeks after the diamond miner wrote to staff offering voluntary redundancies that will... 

De Beers diamond venture to lay off at least 130 in Namibia – union

By: Reuters     18th January 2018 Namdeb, a joint venture between Namibia's government and Anglo American's diamond unit De Beers, is expected to lay off at least 130 of its 1,700-strong workforce, a union official said on Wednesday. Shavuka Mbidhi, from the Mineworkers Union of Namibia's Oranjemund branch, said the diamond miner... 

Vacuum technology for secure conveyance

By: Marleny Arnoldi     6th October 2017 It is often more beneficial to use vacuum technology for material conveyance in mineral and metal processing plants, compared with traditional conveyors, as material is sealed inside an enclosed pipe, preventing potential spillages.  

Uranium, diamonds present potential amid challenges

By: Kimberley Smuts     24th February 2017 The biggest potential for growth in the Namibian mining industry is uranium, notes professional services firm KPMG Namibia senior partner Robert Grant, highlighting that the country is facing tough economic conditions in addition to the impact of drought. He tells Mining Weekly that this growth... 

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall

By: Martin Creamer     21st April 2016 Diversified mining company Anglo American has produced less diamond, copper, coal, manganese alloy and niobium in the three months to March 31. Diamond production fell by 10%, copper production by 19%, export thermal coal by 13%, export metallurgical coal by 9%, Eskom coal by 8% and niobium by 13%. 

Mining a key component in Namibia’s economy

By: Reggie Sikhakhane     18th May 2012 Namibia’s mining sector generated $1.6-billion in mining export earnings during 2011, contributing about 11% to the country’s gross domestic product, with the country’s buoyed uranium mining sector forecast to be the single largest mining sector in the country’s mining industry by 2015, states a... 

Developments in Namibian mining indicate growth of sector

     18th May 2012 The Namibian Minister of Environment and Tourism has given environmental clearance to Australia-based uranium explorer Deep Yellow for its 95%-owned Shiyela iron-ore project.



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