Namibia

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.

Lucara Diamond says AK6 in Botswana now 84% built, Lesotho project nearing pre-feasibility

Lucara Diamond Corp. ("Lucara" or the "Company") (TSX:LUC)(BOTSWANA:LUC) is pleased to provide the following update on the development of its AK6 diamond mine in Botwsana which is rapidly nearing completion as well as the trial mining program at the Mothae diamond mine in Lesotho which, based on continued good results, will soon be moving into the pre-feasibility stage.

Diamond dividends add sparkle to state coffers

THE Namibia Diamond Trading Company (NDTC) has paid dividends of N$40 million to Government, bringing the total amount of state dividends this year to N$100 million. To date, the NDTC has pumped N$310 million worth of dividends into state coffers, the…

Pitchstone options Dome uranium property to Rio Tinto

- $5 million expenditure to earn initial 49% interest in Dome- Rio Tinto has identified multiple high priority targets at Dome

Deep Yellow announces high grade uranium intercepts at its Namibian projects

Deep Yellow, a uranium exploration company with operations in Namibia and in Australia, announced on Tuesday additional high grade uranium intercepts from RC drilling at the Ongolo Alaskite Deposit and the MS7 Prospect.

Half of Rio's Rossing Namibia workers strike -union

Around half of Rio Tinto's Rossing Uranium workers are taking part in a strike that is hitting production at its mine in Namibia, the union involved said on Saturday, also countering company claims that some of the mine was still working.

Striking uranium workers 'defeat logic'

A strike appears imminent at Rio Tinto's Rssing Uranium Mine in the Namibian-Naukluft Park (pictured) after workers unhappy over production bonuses on Wednesday voted unanimously in favour of industrial action that could cripple operations at the mine responsible for some 5% of world production. Management said the demands were unreasonable and defeat logic.

The industrial action takes place at a difficult time for the uranium industry with the spot price recently falling below $50 – levels last seen immediately after the nuclear accident at Fukushima. The sector has lost some 40% of its value since the Japan disaster and the first deal of what is expected to be widespread consolidation in the industry is already shaping up to be a classic David and Goliath fight.

Namibia union, Rossing meet in bid to avoid strike

WINDHOEK, Sept 20 (Reuters) – Management at Rio Tinto (Berlin: CRA1.BE – news) 's Rossing Uranium mine in Namibia will meet with unions on Tuesday in a bid to avoid a strike over production incentives that could hurt output at one of the world's largest

Namibia: diamond company supports Orphan Trust

Gemxcel Diamonds, has been donating N$7000 per month to the Christina Swart-Opperman Aids Orphan Foundation Trust since August. The money enables the trust to continue with its projects, according to Dr Christina Swart-Opperman. Some of the funds will be

Rössing will not agree to MUNs demands

While Rio Tinto’s Rössing Uranium Limited is committed to solving the dispute over employee bonus payments with the Mineworkers Union of Namibia (MUN), it would not agree to the union’s “unreasonable demands”, said the company’s Managing