Despite current troubles, the future looks positive for Namibia’s uranium industry.
Ramzy Bamieh & Barnaby Fletcher
SWAKOPMUND, NAMIBIA – Namibia’s uranium industry has been beset by problems. The Fukushima-caused dive in uranium prices has highlighted the country’s over-dependence on the commodity. Competition from regional peers such as Malawi has dramatically increased. A string of scandals and problems have plagued the Namibia’s primary uranium mines over the past few years. Continue reading
Ghana’s largest mine scales back to focus on more profitable ounces.
Please could you provide us with an update on Gold Fields’ operations here in Ghana and any major milestones achieved over the last few years?
AB: Gold Fields West Africa has two operations in Ghana: Tarkwa and Damang. Tarkwa is a very large surface operation which has multiple open pits spread across the entire lease. In terms of mining volume, it has about 135 million tonnes and two processing units. The gold production profile is about 600,000 ounces annually. Damang is relatively small, with production being just short of 180,000 ounces. Continue reading
Knight Piésold finds an attractive market in the Namibian mining sector.
Could you provide an introduction to Knight Piésold’s presence in Namibia?
GL: Knight Piésold’s Namibian office was established in December 2008, with just one member of staff. We now have 14 staff working for the firm. The company has an office in Ondangwa, here in Windhoek, and we are planning to open another office in Keetmanshoop, in November 2013 in the south of Namibia. Continue reading
The success of Günzel Drilling demonstrates the importance of local expertise.
Please provide us with an introduction to Günzel Drilling?
KG: Günzel Drilling has been in operation for 10 years. The founder, Arno Günzel, was at that time consulting geologist and required core drilling contractors to test a broken and abrasive rock formation. As he could not find a willing drilling contractor to do the work at reasonable rates, he decided to procure a Continue reading
SMT DRC invests in a promising DRC market.
Could you tell us a little more about your personal background but also about SMT Group’s structure and product offering in the DRC?
AL: I arrived in DRC in 2007 and at that time, I was involved with Chanic; after three years there, I moved on to join Societe Petroliere Congo (SPC), which is a wholly owned subsidiary of Puma Energy, Trafigura’s global fuel storage and distribution departement. In 2012, I was about to leave the country when I received a very tempting challenge from SMT that I ended up Continue reading
A mid-tier market in resource-rich Tanzania struggles to emerge.
Regarded as one of Africa’s leading mining jurisdictions, as it vies closely with Mali for the title of Africa’s third largest gold producer, Tanzania holds an enviable spot in the East African region as prime mining territory. Yet, while neighbors Kenya, Uganda and Rwanda aim to lift their mineral sectors off the ground, Tanzania’s mineral future hangs more uncertainly in the balance. Tanzania boasts a lengthier mining resumé than its regional counterparts due to a revamping of Continue reading
JurisTax recommends countries secure their African investments by basing in Mauritius.
Mauritius’ importance to the Australian miner is not well understood. What does Mauritius offer to Australian miners?
NK: Mauritius offers strong benefits to Australian miners that domicile themselves within the country in two forms: non-fiscal and fiscal incentives.
Four nations lead the global mining industry: Canada, the United States, Russia and China. These groups share a common profile; each commonly uses special investment vehicles to protect their investment. While Australia is inarguably a global mining center, historically the country has delayed its success in that most often Australian miners invest directly in a country, exposing themselves to an unnecessary amount of risk. Continue reading
Tanzania’s Vision 2025 prioritizes economic growth through its mining industry.
To begin with, could you please provide us with an overview of the main milestones achieved by the ministry since your appointment in spring 2012?
SM: Last year, the ministry achieved a lot in terms of controlling and auditing production. We have also raised revenue collection to a surplus of 30 billion TZS after changing the royalty rate, which was previously 3% of the net profit, to 4% of the gross value, according to the Mining Act of 2010. We have also managed to control and minimize smuggling, especially of gold and tanzanite, by putting security measures in place at airports and other important borders. Through these measures, we have managed to recover 15 billion TZS worth of minerals.
Mkango Resources plans to spearhead rare earth development in Malawi.
Could you provide us with an overview of Mkango Resources Ltd. (TSX-V: MKA) and your reason for choosing to explore in Malawi rather than in other countries on the African continent?
WD: Mkango Resources Ltd. has been working in Malawi for the past seven years, first in a joint venture capacity, and ultimately as license-holders. Our first license is the Phalombe License in south eastern Malawi, where our flagship project is located, the Songwe Hill Rare Earth Project. Our second license is at Thambani, western Malawi, where we have a team conducting ground radiometric surveys and other exploration work, focusing on a range of commodities: uranium, zircon, rare earths and gold targets. Management evaluated a large number of projects throughout Central Asia and the Middle East, as well as other countries in Africa before deciding to focus on Malawi based on the country’s mineral potential as well as its ease of doing business for an exploration company.
Madagascar’s Minister of Mines is confident the mineral industry will develop despite political challenges.
During your tenure as Minister of Mines, what were your key priorities for Madagascar’s mining industry and which main milestones did you achieve?