Namibia’s Mines and Energy Ministry has re-opened Deep-South Resources’ Haib copper licence renewal application process with the granting of a "pending renewal" status.
The ministry was directed in March by the High Court of Namibia to pave the way for the licence renewal application process and make a new determination following a protracted legal dispute.
This came when the Ministry decided not to renew the company's Haib licence in 2021.
Deep-South claims that the application process is far along and that it anticipates hearing back in the upcoming weeks.
Because the licence has been renewed, pending the renewal of the Ministry's Mining Cadastre, Ministry authorities have welcomed the business to begin exploration operations at any moment.
Deep South's management, on the other hand, believes it is sensible to wait.
"We are confident that the licence will be renewed in a timely manner,” said Deep-South president and chief executive Pierre Leveille.
“We visited the site last week in order to prepare resumption of exploration and to be ready to start the work quickly when the final decision will be rendered.”
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
