The Fekola mine will add up to 410,000 ounces of gold to the company's annual output.
Namibia Mining News
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.
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.