Minister of Mines and Energy Isak Katali said the idea is to give diamond dealers and manufacturers the opportunity to buy directly from locals.
Deal will allow North River to fast-track the development of its flagship lead and zinc mine.
This is not the first time Rio Tinto axes jobs at this mine. In 2013, it sacked 276 workers, following losses on reduced demand for the metal.
In the early 1900s, after the discovery of diamonds in the southern Namib desert, German miners flocked to the area, developing this unique town known as Kolmanskop.
New ratings from Goldman Sachs sees strong upside for Vancouver's B2Gold on top of 38% share price gain so far this year.
Most cases coming from Rio Tinto’s Rössing mine, according to report.
50 mines are estimated to account for 90% of global rough diamond supply in 2014.
AngloGold had agreed to sell its Navachab gold mine to a private group, but the country's wants a piece of the pie too.
Driver was not injured. Co-driver suffered minor injuries.
The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.
The collapse of a leach tank at Australia’s Ranger uranium mine, operated by Rio’s subsidiary Energy Resources of Australia, was the second such incident for the mining giant in less than a week.
The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.
Companies say they haven't heard of it.
The Australian uranium miner must now tap the markets for $75 million.
This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.
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.
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