VIDEO: The project has an estimated 75-80% heavy rare earth oxide content.
The future mine has at least 142,000 tonnes of uranium resources in-situ.
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).
The price of the nuclear fuel is down 10% in just the last three months.
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 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 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.
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.
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.
"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.
Namdeb, which plans to produce 600,000 carats in 2012, expects the new mine to produce 45,000 carats a year.
"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.
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.
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.
Rio Tinto is eager to secure a joint venture with the likely new owners of the huge Husab uranium deposit in Namibia.
- Namibia Licence Renewals Completed- Analyses Received for Namibia Drilling- Dome Airborne Geophysical Survey Contract Signed- Athabasca Exploration Underway
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.
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 (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.
Details emerging from investigations into Areva's purchase of African uranium miner UraMin are beginning to resemble a spy novel.
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.
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.
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.
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 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.
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.
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