https://www.miningweekly.com
Copper|Energy|Exploration|Mining|PROJECT|Resources
Copper|Energy|Exploration|Mining|PROJECT|Resources
copper|energy|exploration|mining|project|resources

Judge expects to issue judgment in Haib prospecting licence renewal case in Nov

4th October 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

TSX-V-listed Deep-South Resources announced that the High Court of Namibia’s hearing of the review of the Minister’s decision not to renew the exploration and prospecting licence for the Haib copper project was held on October 3, and the judge indicated that a written judgment was to be expected on November 18.

Mining Weekly previously reported that the matter relates to the renewal of the exclusive prospecting licence 3140 covering Haib, in southern Namibia, which was refused by Namibia Mines and Energy Minister Tom Alweendo in June 2021.

At the time, the Ministry cited Deep-South’s inability to advance the licence to prefeasibility study (PFS) stage and complete a proposed drill programme as planned.

The company maintains that the issue was a misunderstanding and that government remained apprised on a proposed change from a PFS to an upgraded preliminary economic assessment (PEA) to be done on the project instead, as well as the start of a full feasibility study.

The PEA estimated an after-tax net present value for the project of $957-million and an internal rate of return of 29.7% using a $3/lb copper price.

The mine is envisaged to produce 35 332 t/y of copper cathode and 51 080 t/y of copper sulphate, over a 24-year mine life. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.12 0.159s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: