Shares of Forsys Metals surged last week after the uranium developer secured a renewal for its exclusive prospecting licence (EPL-3638) on the Namibplaas deposit, part of the company’s flagship Norasa project in Namibia. This licence has been renewed for a further two years until February 2026, it said in a press release Thursday. In September...
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...
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...
…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...
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,...
Trigon Metals Inc. has announced the commencement of operational training for the underground mine at the Kombat project ahead of schedule, marked by the successful blasting of the first block. The early initiation of the underground operational training underscores Trigon’s commitment to operational excellence and efficient project delivery. The first blast was initiated on Thursday,...
Trigon Metals Inc. has successfully conducted the first underground mining blast at its Kombat project, marking the beginning of operational training ahead of schedule. The blast occurred on Thursday, 1 February 2024, at the Asis West shaft’s No. 1 level. Trigon Metals Vice President of Operations, Fanie Müller, said the first underground blast represents a...
Eingang zum Bergwerk; © Mulisa Simiyasa/Nampa Trigon Metals geht unter Tage. Dies kündigte das Bergbauunternehmen an. Bereits in Kürze soll Kupfer im Kombat-Bergwerk unterirdisch gewonnen werden. Die Lebenserwartung der Mine beträgt dann wieder über zehn Jahre. Der Kupfergehalt soll im Durchschnitt 2,6 Prozent betragen. Als erster Schritt für den Untertage-Abbau wurde die Mine seit September...
Trigon Metals announces preparations for the first phase of underground mining in early 2024 at Kombat mine, targeting an average copper grade of 2.6% over a 10-year mine life. This follows the completion of the dewatering of the underground mine, initiated in September 2023, with the company commencing an underground training program for staff in...
By Freeman Ya Ngulu. The Chief Executive of Canadian uranium minor, Duane Parnham indicated that his company has identified several promising anomalies in mining licence areas adjacent to the lucrative Rössing mine, and relatively close to the producing Husab mine. The indicated area, ML86A lies around the south-western end of the Rössing mining licence area,...