Namibia is known for many things around the world. There are the beautiful vistas, it’s the country where the desert meets the ocean, abundant wildlife, and of course diamonds. The story goes that diamonds used to be so plentiful you could just walk around certain parts of Namibia and pick them up out of the sand.
AngloGold Ashanti Limited has announced that a non-binding proposal has been submitted to the Board of Directors of Corvus Gold Inc. under which its direct wholly owned subsidiary, AngloGold Ashanti Holdings plc (AGAH), would be willing to acquire for cash all of the issued and outstanding common shares of Corvus which the company does not already beneficially own (the proposed transaction).
There is no doubt that society, in its current structure, is dependent. Thanks to political and territorial independence but when it comes to economic and survival independence, there is still a long way to go.
I don’t understand the logic behind bashing entertainers for doing what they do best. Namibians are expecting entertainers to wallow in sadness and sing the song of ‘sanitise, wear your mask’ with every update, tweet, post, etc. I mean for goodness sake, we are a year and a half into this pandemic. Which MF does not know that they need to keep their hands clean and mask up?
Government’s initial investment into Namib Desert Diamonds (Namdia) was N$ 50 million. Since then, the company has created gross value of N$975 million mainly from sales less purchases, the margin achieved above purchase price, as well as interest received on investments.
The construction of Debmarine Namibia’s new recovery vessel is nearing completion and is set for delivery this month. A significant milestone was achieved when the main engines of the Additional Mining Vessel #3 (AMV3) were recently started successfully for the first time.
One of the major challenges at the Swakop Uranium mine in the Erongo region is the availability of parts and prices due to the impact of the Covid-19 pandemic that disturbed the world’s logistics chains. Vice president for mining operations at the Swakop Uranium, Irvinne Simataa, noted the focus is now on ramping up the mine operations.
De Beers Group, Namdeb, Debmarine Namibia and Namibia Diamond Trading Company (NDTC) recently pledged a combined N$26 million to support the Covid-19 vaccine rollout in Namibia. The pledge will comprise financial support as well as a range of in-kind support to assist with the rollout of the Namibia vaccination campaign.
Namibia is one of the world leaders in mineral extraction of numerous valuable raw materials, of which about 80% are exported.
B2Gold’s Otjikoto Mine is expected to produce between 190 000 to 200 000 ounces of gold in 2021, which is a significant increase of approximately 16%, compared to 168 041 ounces produced in 2020 - and it is in the range of Otjikoto’s annual production record of 191 534 ounces achieved in 2017.