Mining Post Namibia

Madison Metals executive chairperson and chief executive officer Duane Parnham must be the happiest man regarding the company's operations in Namibia in 2022. The Canadian company Madison Metals scored big in Namibia by buying large tracts of land to expand its jurisdiction in the Erongo region, renowned for its rich deposits of uranium. Madison Metals now owns mining licences 86A and 121, exclusive prospecting licences 8905, 7011, 8531 and 8115. The company also signed a first-of-its-kind deal with Lux Partners to mint uranium mined from its projects in Namibia into non-fungible tokens. In October 2022, Madison Metals said it had received US$5,12m from the Lux Uranium token deal.  According to Madison, the initial sales exceeded all Lux projections as the non-fungible tokens continued to offer an exceptional value proposition, price discovery and transparency for exposure to uranium at a marginal discount. Parnham said the ability to potentially monetise uranium resources at a pre

Deep-South Resources and the Namibia mines ministry will return to court on 23 February 2023 over the refusal by minister Tom Alweendo to renew the Haib Copper mine licence. The Haib Copper mine is 23km from Noordoewer town in Namibia's//Karas region. The government of Namibia granted Deep-South exclusive prospecting licence 3140 for three years from 22 April 2004 to 21 April 2007. The case has been in the Namibian courts since 16 July 2022, when Alweendo told the Canadian company that he was not renewing the exclusive prospecting licence 3140 that covers 74,563 ha. Alweendo cited Deep South Resources' failure to advance the licence to prefeasibilty and complete the proposed drilling programme according to plan. How the case played out in 2021-2022 16 June 2021 Deep-South Resources announces that it has received notice from the Ministry of Mines and Energy of Namibia informing them that its application for the renewal of its exclusive prospecting licence 3140 has been denied ci