Namibia

Chinese company to construct huge uranium mine in Namibia

The future mine has at least 142,000 tonnes of uranium resources in-situ.

Canada's Afri-Can diamonds considering JSE listing

Canadian marine diamond miner Afri-Can Diamonds, which is listed on the Toronto Stock Exchange, is examining a potential listing on the Johannesburg Stock Exchange (JSE).

Areva mothballs Namibia uranium mine

The price of the nuclear fuel is down 10% in just the last three months.

Canada’s B2Gold to lead $1.1 billion merger with CGA Mining

Latin American-focused Canadian miner B2Gold said Wednesday it will buy CGA Mining for $1.1 billion to gain access to the Masbate mine, the largest operating gold project in the Philippines.

De Beers releases 2011 report to society

De Beers released the 2011 Report to Society, in which Chairman Nicky Oppenheimer, summarized the efforts of the diamond company and its contributions towards the cause of beneficiation.

Helio Resource reports exploration update on the DGP Gold Project, Namibia

Helio Resource Corp. (TSX-V: HRC) is pleased to provide an update of the recent drilling conducted at the Gold Kop Target and also to report the results of a second-phase geochemical soil sampling survey over the Otjimbojo Licence, adjacent to the Gold Kop target, part of the Damara Gold Project in central Namibia.

Forsys Metals plans bigger Namibia uranium mine

Canada's Forsys Metals Corp says it may be able to boost its uranium reserves in Namibia by 30 percent as it consolidates its two projects in the southern African nation into one mine development.

Lazare Kaplan lauches social initiative to encourage education in Africa

US-based diamond manufacturing and distribution company Lazare Kaplan International Inc. (LKI) has launched a new social initiative, The Lazare Ongoma Initiative (LOI), which aims involve retailers in supporting education in African countries, such as Namibia.

Dundee Precious Metals stock in mini meltdown after told to cut smelter feed

"We have spent over $40 million on the smelter in the two years we have owned it and are aware of the challenges that continue to exist there," Chief Executive Jonathan Goodman said in a statement.

Anglo-American building new Namibia diamond mine

Namdeb, which plans to produce 600,000 carats in 2012, expects the new mine to produce 45,000 carats a year.

Forsys completes acquisition of remaining 30% interest in Namibplaas

"This acquisition positions Forsys to be better able to realize the full potential of consolidating Namibplaas with its wholly-owned Valencia Uranium Project," said Marcel Hilmer, CEO and Director of Forsys.

Extract Resources Ltd broadcast: Extract issues Target's Statement, with Independent Directors unanimously recommending that shareholders accept the Taurus Offer

The Independent Directors of Extract unanimously recommend that shareholders accept the unconditional A$8.65 cash offer from Taurus Mineral Limited ("the Taurus Offer"), in the absence of a superior proposal.

End in sight for Extract buyout

The directors of Extract Resources, would-be developer of the Husab uranium deposit in Namibia, have urged shareholders to accept a buyout offer from China Guangdong Nuclear Power Company subsidiary Taurus Mineral.

Namibia uranium deal on the boil for Rio

Rio Tinto is eager to secure a joint venture with the likely new owners of the huge Husab uranium deposit in Namibia.

Pitchstone's Uranium exploration plans for 2012

- Namibia Licence Renewals Completed- Analyses Received for Namibia Drilling- Dome Airborne Geophysical Survey Contract Signed- Athabasca Exploration Underway

Expansion of services in groundwater management for mines

International environmental firm SLR Consulting continues to expand the services it offers in southern Africa with the acquisition of Bittner Water Consult (BIWAC), a groundwater consulting firm based in Namibia.

A reader responds to "Atomic Anne, her husband and the dubious $2.5 billion African uranium deal"

MINING.com reader Julian Poniewierski, Principal Mining Engineer at PanAust Limited, has some insights into what could have gone wrong with Areva's 2007 purchase of Uramin, specifically the Namibian properties.

Namibia Rare Earths announces resource drilling program and geophysical surveys underway at Lofdal

Namibia Rare Earths (TSX: NRE) is pleased to announce that a 6,000 meter diamond drilling program has started with two drill rigs focused on the delineation of a first mineral resource from Area 4 on the Lofdal Rare Earth Project in northwestern Namibia. Concurrent with the drilling program, an induced polarization geophysical survey will be undertaken over prospective extensions of the favourable heavy rare earth-enriched structure emanating from Area 4. The drilling program is scheduled to be completed by the end of April with delivery of the NI 43-101 compliant mineral resource report in the third quarter of 2012.

Atomic Anne, her husband and the dubious $2.5 billion African uranium deal

Details emerging from investigations into Areva's purchase of African uranium miner UraMin are beginning to resemble a spy novel.

Glencore enters agreement to acquire stake In Rosh Pinah Zinc

Glencore International plc today announced that a subsidiary has entered into an agreement with Exxaro Base Metals and Industrial Holdings (Proprietary) Limited to acquire Exxaro’s entire 50.04 per cent shareholding in Rosh Pinah Zinc Corporation (Proprietary) Limited, a zinc mining business in Namibia.

Recognizing post-Fukushima reality, Kalahari accepts lower bid from Chinese nuclear company

Kalahari Minerals (LON:KAH), whose main asset is the Husab uranium project in Namibia, has accepted a cash offer from Chinese Guangdong Nuclear Power Corp (CGNPC) valuing the London-listed company at $993 million.

Namibia iron ore riches set to transform Kunene

A planned iron ore mine and a steel plant, with the possibility of a new port, envisioned for the Kunene Region is likely to fast-track Namibia's march towards industrialisation. Eastern China Non-Ferrous Metals Investment Holdings announced earlier in the week the discovery of deposits of over 2 billion tonnes of iron ore in Kunene.

Mining licence granted for Namibian uranium project

Kalahari Minerals (LON:KAH) and Extract Resources (ASX:EXT) were both up slightly today after the companies announced they have received a mining licence for their Husab uranium project in Namibia.

London-listed Kalahari has a 42.7% stake in Extract.

Kalahari said in a press release that the mine lease, valid for 25 years, will allow the project to move into production and establish Husab as one of the three largest uranium mines in the world.

The company states the mine would produce 15 million pounds of U3O8 per year through open-pit mining. The deposit has a resource estimate of 500 million pounds U3O8.

Helio reports additional drill results from the Gold Kop target, Damara Gold Project, Namibia

Helio Resource Corp (TSX-V: HRC) is pleased to report the first results from a recently completed RC drill programme on the Gold Kop target, at the Damara Gold Project in central Namibia.

Production woes send Paladin's stock lower

Australian uranium producer, Paladin Energy, announced that its U3O8 production was 15% lower due to planned shutdowns and unscheduled remediation work.

The company's stock declined 4.15% to $1.50 after Paladin announced on Monday its quarterly report for the three-month period ended September 30, 2011

The company did have record sales of 2,001,673lb U3O8, which generated revenue of US$102.74M. The average sales price for U3O8 was US$51.33/lb.