Tuesday, 8 December 2015

The power of Black

The power of BlackNamibia is, outstandingly, a world-class producer of gem quality rough diamonds, uranium oxide, special high-grade zinc, gold bullion, blister copper, and lead concentrate as well a salt and dimension stone. The government is enthusiastic that the mining sector has great growth potential for Namibia’s economic development and industrialization drive, regardless of the downturn in the global mining industry.

Trip through the Namibian mines can give one a peek into the alluring but complex world of mining. A salute to all those hard workers in the mining industry who have made to the strength, affluence, and well-being of this country by digging those black mines. Namibia is, remarkably, a world-class producer of gem quality rough diamonds, uranium oxide, special high-grade zinc, gold bullion, blister copper, and lead concentrate as well a salt and dimension stone.

This sector of Namibia produces about 13.2 % of the Gross Domestic Product and the biggest portion of the income in foreign currency. Rio Tinto plc and Vedanta plc mining companies, produce uranium oxide at Rossing mine and special high-grade zinc at the Skorpion mine and refinery respectively. Paladin Energy's Langer Heinrich Uranium mine is in full production and accomplished nameplate production sustainably in 2013.   The world's number one diamond producer, De Beers, works with the Government of the Republic of Namibia (GRN) through Namdeb Holdings in a 50:50 joint venture, producing some of the world's finest gem diamonds.

Namdeb's output progressively comes from under the sea, thanks to the technical expertise of Debmarine Namibia. Further value addition is boosted by about 11 diamond cutting and manufacturing factories that utilise about 16 percent of diamond production by Namdeb Holdings. QKR Namibia produces gold bullion at Navachab Mine near Karibib. Rosh Pinah Zinc Corporation produces zinc and lead concentrates at Rosh Pinah.

Weatherly Mining Namibia operates the copper mines and Dundee Precious Metals Tsumeb produces blister copper at the Tsumeb smelter, from imported copper concentrates. The mining industry continues to make reinvestments into the sector, as demonstrated by the commissioning of Namdeb’s Sendelingsdrif mine and their state of the art sorting facility, the new Red Area Complex on 7 November, 2014. Moreover, Vedanta announced its decision to convert the Skorpion zinc refinery to process zinc sulphide concentrates at an investment of N$1.6 billion.  

The mining industry continues to be the undeniable winner in Namibia's economy due to its pre-eminence as a source of revenue for state coffers. In recent years, the industry has experienced healthy growth trends with the inflow of significant investment capital and the opening of new mines. The diamond industry continues to be a major contributor to the fiscus. It is becoming progressively clear that the industry's future depends more on marine diamond mining and offshore production surpassed onshore output.

In terms of value addition in the area of diamond mining, Namibia now has 7 diamond cutting and polishing factories employing a considerable number of people.   New Mines & Development Projects The development of the new mines continue to reach noteworthy milestones, with two of them already in production. B2Gold’s Otjikoto gold mine produced their first kilogram of gold on 11 December, 2014 and are set to ramp up to full production towards the end of 2015.

Weatherly’s Tschudi mine produced the first copper cathode in the history of Namibia in February 2015, paving the way for possible investment in further down-stream value addition activities. The construction of Swakop Uranium’s Husab mine remains on track and is anticipated to come into to production at the end of 2016, with ramp up to full production at the end of 2017. Dundee Precious Metals Tsumeb (DPMT), which owns Namibia’s copper smelter, is constructing a sulphuric acid plant that will utilise off-gases from the smelter operations to produce sulphuric acid. The plant is scheduled to come into production in July 2015 and will produce 340,000 tonnes of sulphuric acid per annum. Read More...

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