News
Kyrgyzstan begun construction of a $556 million gold mining complex
The project is being implemented by Chaarat ZAAV, a joint venture between Canada’s Silvercorp Metals (70 %) and the state owned Kyrgyzaltyn (30 %). According to Silvercorp Metals’ calculations, once it reaches its design capacity, the enterprise will...
Today
European Commission names Eldorado’s copper-gold mine in Greece strategic
The European Commission (EC) has designated the Skouries copper-gold mine in northern Greece, operated by Eldorado Gold Corporation, as a strategic project under the Critical Raw Materials Act (CRMA).
Today
Copper 360 intersects new copper sulphide mineralisation at Rietberg
Copper 360 has intersected copper sulphide mineralisation at its South African Rietberg underground mine about 16 metres before reaching the planned 300 Level (300L) elevation, earlier than expected from the company's geological model.
Today
Namdeb seeks State recapitalisation as diamond prices erode revenue
Namdeb Holdings, comprising Namdeb and Debmarine Namibia, has approached the Namibian government for financial assistance as falling global diamond prices cut into revenue, The Namibian reports.
Yesterday
Nornickel and Reksoft Implement "smart vision" to protect production
Nornickel has deployed a neural network-based video analytics system across its facilities, designed to prevent equipment breakdowns and production stoppages, the company’s press service reported.
Yesterday
Namibia mining sector recovering
(southernafrican.news) - Namibia’s mining sector is finally showing signs of recovery after months of enduring difficulties, says the Chamber of Mines president Kombadayedu Kapwanga. Earlier this year, the Mining Industry Association of Southern Africa (MIASA) announced that the Southern Africa Development Community (SADC) region had lost 490 000 jobs in the mining industry due to depressed commodity prices on international markets. Namibia has since 2014 shed over 1 500 jobs in the diamond beneficiation sector alone, with only some 600 to 700 people still employed in that sector, according to information obtained from the Ministry of Mines and Energy. Kapwanga told The Southern Times that demand for gold, diamonds and metal has been increasing globally, uplifting the local mining sector.
