Namibia Mining News

Namibia’s new uranium mine to triple country’s output by 2017

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 gets fresh push after announcing at-the-market offering of up to $100M

B2Gold’s stock has gained almost 229% so far this year.

Australia’s uranium polluting the Antarctic — scientists

Australia has about 40% of the world's uranium reserves and exports nearly 7,000 tonnes of yellow cake annually.

Namibia's uranium production to triple by 2017

Uranium production in Namibia is expected to triple by 2017 with the ramp-up of the massive Husab mine, states a senior government official.

Chinese firm close to start mining uranium in Namibia

Once fully operational, the Husab mine will have the potential to produce 15 million pounds of uranium oxide.

$6m diamond goes missing during labour dispute

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.

Uranium price building on gains

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.

Namibia advances plans of selling diamonds without De Beers

Minister of Mines and Energy Isak Katali said the idea is to give diamond dealers and manufacturers the opportunity to buy directly from locals.

North River secures $12m to restart Namib mine, shares shoot up

Deal will allow North River to fast-track the development of its flagship lead and zinc mine.

Fresh job cuts at Rio’s Rossing Uranium mine in Namibia

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.

This deserted African mining town is almost flooded by sand… and ghosts

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.

Big praise for B2Gold's Namibia mine

New ratings from Goldman Sachs sees strong upside for Vancouver's B2Gold on top of 38% share price gain so far this year.

Uranium miners dying from cancers, unexplained illnesses in Namibia

Most cases coming from Rio Tinto’s Rössing mine, according to report.

The state of global rough diamond supply 2014

50 mines are estimated to account for 90% of global rough diamond supply in 2014.

Namibia wants a piece of AngloGold Ashanti $110 million mine

AngloGold had agreed to sell its Navachab gold mine to a private group, but the country's wants a piece of the pie too.

Paladin Energy announces minor uranium oxide spill in Malawi

Driver was not injured. Co-driver suffered minor injuries.

AngloGold Ashanti selling its Namibian division for $110 million

The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.

One more spill at Rio Tinto uranium mine

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.

AngloGold Ashanti up over 6% after strong set of Q3 results

The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.

Namibia diamond miner's extraordinary tax burden

55% tax rate and 10% royalty on turnover makes life difficult for marine miner Namdeb.

Namibia imposes moratorium on coastal phosphate mining

Companies say they haven't heard of it.

Paladin is getting crushed after no buyer found for Namibian mine

The Australian uranium miner must now tap the markets for $75 million.

Vedanta raises $1.7bn, India’s largest ever offshore bond sale

This is a landmark transaction for Vedanta, which is joining domestic peers in catching the flood of US dollars being unleashed by central banks.

Namibia's Lofdal project rich in heavy rare earths

VIDEO: The project has an estimated 75-80% heavy rare earth oxide content.

Chinese company to construct huge uranium mine in Namibia

The future mine has at least 142,000 tonnes of uranium resources in-situ.