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1.Mining Industry Performance during 2011 & Role of Mining in the Namibian economy- Robin Sherbourne.pdf

1.Mining Industry Performance during 2011 & Role of Mining in the Namibian economy- Robin Sherbourne.pdf

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Published by André Le Roux
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Published by: André Le Roux on Nov 03, 2012
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11/03/2012

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Mining IndustryPerformance 2011
 
Robin Sherbourne
23 May 2012
 
Highlights since Last Mining Expo
GRN-De Beers deal on Namdeb Holdings
Diamond production falls to 1.336 million carats
Debmarine’s
 
“Peace in Africa” –
 
world’s largest marine diamond mining
vessel commissioned in October
Diamond sales (N$6.5bn) exceed uranium sales (N$4.9bn)
Langer Heinrich completes Stage 3 and technical work for Stage 4
Husab granted 25 year mining licence (ML171) + CGNPC takeover
Namibia drops to 5
th
in world uranium production in 2011
Glencore announces intention to buy Rosh Pinah (NaCC)
B2Gold buys Auryx for C$160m in cash and shares
Otjihase and Matchless restart production (Tschudi, Berg-Aukas, Kombat)
Walvis Bay Salt Ekango Salt Refinery (EVI and EHI Investments)
 
Key Events Since Mining Expo 2011
Ohorongo Angola import ban and application for IIP
MoF tax proposals in July
OPM policy announcement on New Equitable Economic EmpowermentFramework (NEEEF) in October
Environmental regulations under Environmental Management Act 2007passed and Environmental Commissioner appointed
Epangelo deals with NRE, Bannerman and Extract
Joint GRN-CMN Tax and Value Addition Committees

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