Gold – Bloomberg reported yesterday that Epangelo Mining Co., Namibia's state-owned mining company, is speaking with privately owned QKR Corp. about purchasing a stake in the Navachab gold mine. QKR agreed to buy Navachab from AngloGold Ashanti Ltd. (NYSE:AU) just this month.
Articles Tagged "Namibia"
Zinc – Bloomberg reported that Vedanta Resources plc (LSE:VED) plans to upgrade a zinc refinery at its Namibia-based Skorpion complex. By completing the upgrade, the company will be able to treat both zinc-oxide and zinc-sulfide deposits.
Manganese – Shaw River Manganese Ltd. (ASX:SRR) announced that its subsidiary, Otjozondu Holdings (Pty) Ltd., has increased its shareholding in the Namibia-based Otjozondu manganese project to 87.2 percent. Previously it sat at 84 percent.
Uranium – Paladin Energy Ltd. (TSX:PDN,ASX:PDN) announced that on February 10, a truck transporting a single container of uranium oxide concentrate (UOC) from the company's Malawi-based Kayelekera mine "for export through the Port of Walvis Bay in Namibia" fell on its side.
Gold – AngloGold Ashanti Ltd. (NYSE:AU,ASX:AGG) announced on Monday that it has signed a binding agreement to sell its subsidiary, AngloGold Ashanti Namibia (Proprietary) Ltd., to a QKR Corporation Ltd. subsidiary. AngloGold Ashanti Namibia owns the Navachab gold mine.
This morning, Afri-Can Marine Minerals received a positive prefeasibility study regarding resuming mining on Mining Lease 111, located off the coast of Namibia.
Uranium – Paladin Energy Ltd (TSX:PDN, ASX:PDN) signed an agreement on 18 January 2014 to sell a 25% joint-venture equity stake in its flagship Langer Heinrich uranium mining operation in Namibia to China Uranium Corporation Limited.
Uranium – It's an exciting time in the uranium industry for Africa, as countries that have not yet supplied the mineral in the past are beginning to explore and develop mines.
Uranium – It's been a rough week for Rio Tinto, and it looks like the unexpected supply halts are taking a chunk out of uranium supply going forward.
Uranium – Bloomberg reported that droughts in southwest Africa's Namibia has uranium mines operating the area facing water shortages. Some of the operators include Rio Tinto and Paladin Energy.