Dundee Precious Metals Inc. early this month announced that it has entered into a definitive share purchase agreement with a subsidiary of Sinomine Resource Group Co. Ltd for the sale of its interest in the Tsumeb smelter located in Tsumeb including all associated assets and liabilities, through the disposition of all of the issued and...
November 5, 2024
Tag: Dundee
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Dundee Precious Metals sold for N$910 million – Windhoek Observer
Martin Endjala Dundee Precious Metals (DPM) has announced that it has entered into a definitive share purchase agreement for the sale of its Tsumeb Smelter in Namibia for N$910 million to a Chinese company, the Sinomine Resource Group. The sale includes all its associated assets and liabilities, through the disposition of all of the issued...
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Dundee sells Tsumeb Smelter to Chinese company for N$920m cash
Dundee Precious Metals (DPM) has announced the sale of its Tsumeb Smelter to a subsidiary of Chinese company, Sinomine Resource Group Co for N$920 million (US$49 million) cash. Under the terms of the definitive share purchase agreement (SPA), DPM, through the sale of the shares of DPMTH, will transfer all assets and liabilities associated with...
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Dundee Precious Metals sells Tsumeb Smelter for N$908 million to Chinese miner – Business Express
Dundee Precious Metals has announced that it has entered into a definitive share purchase agreement with a subsidiary of Sinomine Resource Group Co. Ltd., for the sale of its interest in the Tsumeb smelter located in Namibia, including all associated assets and liabilities, through the disposition of all of the issued and outstanding shares it...
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Dundee Precious Metals will not submit counter offer for Osino’s Namibia asset – Business Express
…set to receive N$140 million termination fee Dundee Precious Metals Inc. has said that they will not submit a revised offer in response to superior proposal notice from Osino resources. The miner said today it acknowledged receipt of notice from Osino Resources Corp. that a foreign-based mining company has made a binding proposal to acquire...
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Dundee onttrek van Tsumeb-smelter – Kosmos 94.1
Dundee onttrek van Tsumeb-smelter Dundee Precious Metals sê hy sal van die Tsumeb-smelter onttrek weens veranderinge in die wêreldwye smeltlandskap. Volgens The Brief het die maatskappy die smelter in 2010 verkry om ‘n betroubare verwerkingsafsetpunt vir sy komplekse konsentraat van die Chelopech-myn in Bulgarye te verseker. Volgens Zebra Kasete, visepresident en besturende direkteur van Dundee,...
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Dundee Precious Metals considers sale of Tsumeb Smelter
Dundee Precious Metals Inc. (DPM) has announced that it is considering a possible sale of its Tsumeb smelter, as the Namibian business is no longer seen as strategic to DPM’s asset portfolio. The miner’s decision comes as the Namibia-based smelter will no longer be expected to process any concentrate from DPM’s Chelopech mine in Bulgaria,...
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Dundee moots selling Tsumeb smelter – Business Express
Dundee Precious Metals (DPM) has revealed that in 2023, the Company decided to undertake a strategic review of its Tsumeb operation, including a potential sale, given that the smelter is no longer expected to process any Chelopech concentrate commencing in 2024 and as a result, it is no longer seen as strategic to DPM’s asset...
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Dundee processes 188,800 tonnes of complex concentrate in 2023
Dundee Precious Metals says it processed approximately 188,800 tonnes of complex concentrate in 2023, an 8% increase from 174,122 processed in 2022 at the Tsumeb Smelter. The company says the increase is despite the facility facing unexpected hurdles encountering unplanned downtime and extended Ausmelt furnace maintenance. The challenges, notably repairs to the off-gas system, led...
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Dundee Precious Metals announces acquisition of Osino’s Twin Hills gold play
The parent company of Dundee Precious Metals Tsumeb, the Toronto Stock Exchange listed Dundee Precious Metals Inc announced this week its intention to acquire the full shareholding of Osino Resources Corporation, also listed in Toronto. Dundee Precious Metals is the owner of the smelter in Tsumeb as well as several gold projects in eastern Europe....