The new vessel is expected to add about 500,000 carat a year of production capacity to Debmarine Namibia, a 50/50 joint venture between De Beers and the African nation's government.
Namibia Mining News
The licenses the miner is acquiring cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt.
Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
Consolidated gold production was 230,859 ounces, 6% (12,704) ounces above budget.
It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.
Miners downed tools from Feb. 22 to March 6, affecting waste-stripping at the mine and mining of ore.
The tech company introduced its A3Rs robots which comprise a fully autonomous aerial system for data collection in GPS-denied environments.
For 2019, the Canadian miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between $835 and $875 per ounce.
Tiffany has begun tracing each of its individually registered diamonds (0.18 carats and larger) by a unique serial number.
The company is selling its 69%-stake in Rossing Uranium Limited, which owns the Namibian mine, to China National Uranium Corporation (CNUC).
78% higher than in the same quarter of the previous year.
"Our vision is to be the world's leading uranium company" - Ni Tao deputy manager of China National Uranium Co Ltd
Rules threaten the diamond and uranium producer's ability to attract investment.
India clinches the title for largest zinc mine with Rampura Agucha.
Talks between the miner and China National Nuclear Corporation were confirmed by the country's energy minister.
Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".
Namibia's Desert Lion Energy ceases all operations as Chinese lithium prices plummet to three-year lows – down by half since the start of 2018.
Namibia's long-delayed Kudu gas-to-power project, seen as key to boosting electricity security in the southwest African country, might not be viable.
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.
Namibia may scrap requirements for black ownership in mining as it seeks to woo investors to an industry that is rebounding with the commodities cycle.
The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.
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.