The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.
Namibia Mining News
Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.
Move seeks to ensure the sustainability of Namdeb land-based operations.
This is the ninth consecutive year the Canadian miner achieves record annual gold production.
A 2014 Preliminary Economic Assessment concluded that the Lofdal project has the potential to produce an average of 1,500 tonnes per annum of separated rare earth oxides.
Chief executive Bruce Cleaver said the changes were necessary to sustain De Beers' success as a business.
The country’s Ministry of Mines and Energy has renewed the Canadian miner's licence for ten years.
Debmarine Namibia, a 50/50 joint venture between the country and De Beers Group, tis planning for the construction of the world’s largest custom-built diamond mining vessel.
The Fekola mine will add up to 410,000 ounces of gold to the company's annual output.
The country's mining sector is emerging from years of contraction and the impact of recent severe drought eases, the finance minister said on Thursday.
The best diamonds in the world come from the sea.
Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.
The Canadian gold miner chose Caterpillar and Barloworld for 7 MW solar power installation at Otjikoto mine in Namibia.
Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.
Here are the top 10 diamond mines in terms of output in carats and value.
The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.
Proposed refinancing comes after Paladin failed to sell a 24% stake in its Langer Heinrich mine to China National Nuclear Corporation (CNNC), which was expected to fetch $175 million.
The country's uranium output is expected to triple in 2017 as the massive Husab mine begins production.
The country is poised to becoming the world’s third largest producer of the commodity, as the massive Husab mine begins production in October.
B2Gold’s stock has gained almost 229% so far this year.
Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.
Uranium production in Namibia is expected to triple by 2017 with the ramp-up of the massive Husab mine, states a senior government official.
Once fully operational, the Husab mine will have the potential to produce 15 million pounds of uranium oxide.
The Namibia Diamond Trading Co, a joint venture with De Beers, lays charge of theft of the 78-carat stone which could be worth up to $6 million.
Way to early to for uranium stock investors to rejoice, but after eight straight sessions of gains the market seems to be entering recovery mode.