Mining

Mining (337)

Namib Desert Diamonds (NAMDIA) says its after tax profits declined by 86% to N$13.3 million for the 2020/2021 financial year, as a result lockdown and travel restrictions emanating from the COVID-19 pandemic.

Trigon Metals Inc has entered into a credit agreement with IXM SA for a US$5 million project finance facility to provide the next tranche of funding required for the restart of the Kombat Mine.

AfriTin Mining has announced that it has started exploration programmes designed to increase the size of the current resource at its flagship Uis tin mine in Namibia.

Namibia’s diamond production increased by 65% to 0.4 million carats in the third quarter (Q3) compared to 0.242 million carats produced the same period last year, latest figures from De Beers show.

Bezant Resources PLC has raised over N$23 million to fund exploration across several of its assets in Africa and Europe.

Canadian bullion miner B2Gold, owners of the Otjikoto mine in Namibia, has hiked its 2021 guidance to between 1.012-million and 1.055-million ounces, following a strong third quarter in which output came in above target.

Trigon Metals Inc has announced that the Kombat Mine officially resumed production after 14 years of closure.

Diamond miner Namdeb on Thursday announced that its board had approved a plan to extend the current life of mine (LoM) from 2022 to 2042, a decision expected to save approximately 2100 jobs and create 600 additional jobs.

AfriTin Mining has reported drill results for a final five holes drilled at the Uis mine, in Namibia, which demonstrate continuity of the V1/V2 pegmatite mineralisation at depth.

Uranium explorer Deep Yellow has announced a 121% increase in the ore reserves for its Tumas uranium project in Namibia, marking a major milestone for the project’s ongoing definitive feasibility study (DFS).

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