(miningnamibia) March 20-Bannerman Resources Ltd, which is listed on the Australian Stock Exchange and Toronto Stock Exchange will dual list on the Namibian Stock Exchange on 2 April, a statement released in Windhoek said. Bannerman will become the fifth uranium company to list in Namibia after Deep Yellow, Forsys, Paladin Energy and Xempler.
Bannerman is an exploration and pre-feasibility stage mining company with interests in two properties in Namibia and a number of properties in Botswana and Australia.
Wednesday, March 19, 2008
Rio Tinto's Rössing Uranium submits Environmental Impact Assessment to government
(miningnamibia) 19 March. Rio Tinto's Rössing Uranium Mine has submitted the Social and Environmental Impact Assessment (SEIA) on its expansion project to the Namibian Ministry of Environment and Tourism for consideration.
Marie Hoadley, Public Participation manager of the Rössing Uranium Mine Expansion Project said today that if the ministry's decision is positive, a clearance will be issued and the project will be able to proceed.
The final SEIA Report can be downloaded from Rössing Uranium’s website, www.rossing.com
Hoadley said the the scoping stage of the second phase of the SEIA process has commenced and a draft of the scoping report will soon be made available for public comment.
Rio Tinto approved the US$112 million expansion plan for Rössing Uranium mine in December 2005. The expansion is expected to increase the production life of the mine to 2016.
Marie Hoadley, Public Participation manager of the Rössing Uranium Mine Expansion Project said today that if the ministry's decision is positive, a clearance will be issued and the project will be able to proceed.
The final SEIA Report can be downloaded from Rössing Uranium’s website, www.rossing.com
Hoadley said the the scoping stage of the second phase of the SEIA process has commenced and a draft of the scoping report will soon be made available for public comment.
Rio Tinto approved the US$112 million expansion plan for Rössing Uranium mine in December 2005. The expansion is expected to increase the production life of the mine to 2016.
Tuesday, March 18, 2008
New uranium mines increasing demand for power
New uranium mines in Namibia increasing power demand
(miningnamibia)-March 18-New uranium mines in Namibia are increasing the country's power consumption, according to a recent study conducted by the Windhoek based by the Renewable Energy and Energy Efficiency Institute (REEEI).
REEEI is looking at several options of increasing power production for the next 18 years until 2026, with low, medium and high electricity demand scenarios.
The country's has a generation capacity of 384 megawatt (MW) and imports about 200 MW when demand perks especially in winter.
Skorpion Zinc mine consumes about 80 MW and Forsys, Deep Yellow and Uramin are developing uranium mines in the country. Paladin Energy's Langer Heinrich mine was opened last year.
According to REEEI, if Namibia use renewable energy sources to produce electricity, this could contribute 20 per cent of the country's electricity supply.
(miningnamibia)-March 18-New uranium mines in Namibia are increasing the country's power consumption, according to a recent study conducted by the Windhoek based by the Renewable Energy and Energy Efficiency Institute (REEEI).
REEEI is looking at several options of increasing power production for the next 18 years until 2026, with low, medium and high electricity demand scenarios.
The country's has a generation capacity of 384 megawatt (MW) and imports about 200 MW when demand perks especially in winter.
Skorpion Zinc mine consumes about 80 MW and Forsys, Deep Yellow and Uramin are developing uranium mines in the country. Paladin Energy's Langer Heinrich mine was opened last year.
According to REEEI, if Namibia use renewable energy sources to produce electricity, this could contribute 20 per cent of the country's electricity supply.
Thursday, March 13, 2008
Zinc, copper prices help Namibian Business Climate climb to 144 points
(miningnamibia) March 13. Rising prices zinc and copper helped the Namibian Business Climate to reach 144 points in January following three consecutive months of decline.
The IJG Business Climate Index increase by 3.6 points on December' s figure. Apart from metal prices, the index’s gains were based on an increase in new business registrations, a steady rise in the local index of the Namibian Stock Exchange, and a further depreciation in the Namibia dollar against the Euro.
Anglo American's Skorpion Zinc Mine and Exxaro's Rosh Pinah Zinc Corporation are Namibia's Zinc mines. Weatherly International runs the country's only copper mines in the north as well as a smelter.
The IJG Business Climate Index increase by 3.6 points on December' s figure. Apart from metal prices, the index’s gains were based on an increase in new business registrations, a steady rise in the local index of the Namibian Stock Exchange, and a further depreciation in the Namibia dollar against the Euro.
Anglo American's Skorpion Zinc Mine and Exxaro's Rosh Pinah Zinc Corporation are Namibia's Zinc mines. Weatherly International runs the country's only copper mines in the north as well as a smelter.
Tuesday, March 11, 2008
Julius Klein Group and Dinamo Group Commence Diamond Manufacturing In Namibia
(miningnamibia) March 12-The Julius Klein Group (JKG) and its Namibian partner, the Dinamo Group, today announced the official opening of its new diamond manufacturing facility and corporate office, JKD Namibia (Pty) Ltd, in Prosperita, Windhoek.
This will mark the second manufacturing facility that the Julius Klein Group has opened in southern Africa, joining its sister operation in Johannesburg, South Africa.
More than N$ 30m (approx. US$4m) has been invested thus far in building a state of the art manufacturing facility, which currently employs 91 staff, of which 68 are Namibian and, once at full operational capacity, will employ over 125 staff.
“With this new venture, we bring with us the same traditions and values upon which Julius Klein Diamonds was built: integrity, trust, dedication and pride in craftsmanship” said A D Klein, JKG President. “It is these same values we are fully committed to instilling throughout everything we do today and always at JKD Namibia.”
Shihaleni Ndjaba, CEO of Namibia Diamond Trading Company (NDTC) added, ‘’The entry of JKD Namibia in the Namibian diamond manufacturing industry marks an important milestone in the local beneficiation process. The commitment shown by the JKD Group and their Namibian partners, the Dinamo Group, is highly commendable and NDTC is looking forward to working in partnership with JKD Namibia in creating a sustainable manufacturing industry in Namibia’’
Phillipine Angula, JKD Namibia Marketing Manager and partner from the Dinamo Group concurred with Messieurs Klein and Ndjaba. “The Dinamo Group is thrilled to be part of the value added proposition undertaken by JKD Namibia and its principles. Together, Julius Klein and Dinamo will strive to enhance and contribute to the economic development and social beneficiation of our fine country, including contributing to the promotion and marketing of a Namibian diamond brand.”
The Julius Klein Group has been a DTC Sightholder since 1990 with JKD Namibia receiving confirmation that it had been selected as one of 11 NDTC Sightholders in October 2007. JKD Namibia will receive supplies of rough diamonds from the NDTC until 2011.
This will mark the second manufacturing facility that the Julius Klein Group has opened in southern Africa, joining its sister operation in Johannesburg, South Africa.
More than N$ 30m (approx. US$4m) has been invested thus far in building a state of the art manufacturing facility, which currently employs 91 staff, of which 68 are Namibian and, once at full operational capacity, will employ over 125 staff.
“With this new venture, we bring with us the same traditions and values upon which Julius Klein Diamonds was built: integrity, trust, dedication and pride in craftsmanship” said A D Klein, JKG President. “It is these same values we are fully committed to instilling throughout everything we do today and always at JKD Namibia.”
Shihaleni Ndjaba, CEO of Namibia Diamond Trading Company (NDTC) added, ‘’The entry of JKD Namibia in the Namibian diamond manufacturing industry marks an important milestone in the local beneficiation process. The commitment shown by the JKD Group and their Namibian partners, the Dinamo Group, is highly commendable and NDTC is looking forward to working in partnership with JKD Namibia in creating a sustainable manufacturing industry in Namibia’’
Phillipine Angula, JKD Namibia Marketing Manager and partner from the Dinamo Group concurred with Messieurs Klein and Ndjaba. “The Dinamo Group is thrilled to be part of the value added proposition undertaken by JKD Namibia and its principles. Together, Julius Klein and Dinamo will strive to enhance and contribute to the economic development and social beneficiation of our fine country, including contributing to the promotion and marketing of a Namibian diamond brand.”
The Julius Klein Group has been a DTC Sightholder since 1990 with JKD Namibia receiving confirmation that it had been selected as one of 11 NDTC Sightholders in October 2007. JKD Namibia will receive supplies of rough diamonds from the NDTC until 2011.
Forsys Appoints New Chief Financial Officer
Forsys Appoints New Chief Financial Officer
March 11-(miningnamibia)-Forsys Metals Corp has announced the appointment of Craig Bamford to the executive position of Chief Financial Officer (CFO) effective March 10, 2008.
Bamford is a Chartered Accountant and experienced CFO with more than 25 years of finance background relating to project management and controls, financial reporting and controls, treasury and capital management, risk management, due diligence and business development, Forsys said. Bamford has 22 years of experience in the uranium industry and was previously the CFO for Denison Energy Inc., formerly Denison Mines Limited, a major North American uranium producer.
March 11-(miningnamibia)-Forsys Metals Corp has announced the appointment of Craig Bamford to the executive position of Chief Financial Officer (CFO) effective March 10, 2008.
Bamford is a Chartered Accountant and experienced CFO with more than 25 years of finance background relating to project management and controls, financial reporting and controls, treasury and capital management, risk management, due diligence and business development, Forsys said. Bamford has 22 years of experience in the uranium industry and was previously the CFO for Denison Energy Inc., formerly Denison Mines Limited, a major North American uranium producer.
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