Mining Investment

B2Gold plans $7 million exploration to expand Antelope Deposit

B2Gold Corp. has announced a positive preliminary economic assessment (PEA) for the Antelope deposit at its Otjikoto Mine in Namibia, forecasting an after-tax net present value of $131 million and an internal rate of return of 35%. The Antelope deposit, located approximately four kilometers southwest of the existing Otjikoto open pit, comprises the Springbok and Oryx Zones, with a potential third structure, Impala, pending further drilling confirmation. B2Gold’s assessment indicates […]

February 5, 2025 27

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Business / Economics

Bannerman to invest over N$6 billion in Etango project

Bannerman Mining Resources Namibia Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars (N$6 billion) in the Etango Project, a uranium mining venture located in the Erongo region. The company has already spent more than one billion Namibia dollars (N$1 billion) on the project to date. The General Manager of Bannerman Resources Namibia, Werner Ewald shared that the company is on track to […]

January 30, 2025 71 2

Local

Trustco Group announces NAD 4.4 billion (USD 235 million) transaction with founding family.

Trustco Group Holdings Limited (TTO.SJ) today announced a landmark agreement to convert NAD 4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD 100 million capital raise in the US markets. The agreement is expected to increase Trustco's net asset value by approximately NAD 1.5 billion (USD 79 million). "This recapitalization is a crucial step towards achieving our growth ambitions […]

June 12, 2024 12

Namibia

Namibia to take part in Mining Indaba 2024

Deputy Executive Director in the Ministry of Mines and Energy, Gloria Simubali has led a delegation to the ‘Investing in African Mining Indaba 2024’, which commenced in Cape Town, South Africa on Monday. A media statement availed by the Ministry of Mines and Energy said Namibia will during the indaba showcase the opportunities the country presents in the mining sector to a global audience of foremost thinkers in mining. […]

February 6, 2024 30

Africa

Botswana and DeBeers sign $1 billion deal

Botswana and De Beers have approved a $1 billion investment to dig under the world's richest diamond mine by volume. The Debswana Diamond Company's board said it has given the go-ahead to works that are to extend the life of the Jwaneng mine turning it from an open-pit site to an underground operation. About 70% of profits for Debswana come from Jwaneng. Here is the Deputy Minister of Mines and […]

January 11, 2024 38