Mining Post Namibia

The Canadian-based company Dundee Precious Metals has had a robust 2022 at all its copper, gold and silver operations in Namibia and Bulgaria. On 10 November 2022, Dundee produced 63 870 ounces of gold and 6.9 million pounds of copper, against the 2022 production guidance of 250 000 to 290 000 ounces of gold and 32 to 37 million pounds of copper. Tsumeb Smelter in Namibia had a throughput of 63 990 tons of complex concentrate smelted, which was a near-record quarterly production level. The company generated US$30m from operating activities and US$43.2m in free cash flow. 10 January 2022 Dundee Precious Metals Inc. released results for the three and 12 months that ended 31 December 2021. The Tsumeb smelter (Namibia) processed 52,000 tonnes of complex concentrate during the fourth quarter, reflecting an eight-day maintenance shutdown to repair a water leak in the off-gas system.  As a result, the smelter processed approximately 189,700 tons of complex concentrate in 2021, slightly below

  A shadow of misfortune trailed the Canadian zinc producer Trevali Mining Corporation throughout 2022. The flooding at Trevali's Perkoa mine in Burkina Faso set off a chain of events that resulted in the sale of the Rosh Pinah mine in Namibia. In September, directors Richard Williams, Jill Gardiner and Jeanne Hull resigned. In October, Trevali's subsidiary - Nantou Mining, in Burkina Faso, filed for liquidation.   Here is how it played out. 20 January 2022  Trevali Mining Corporation said it was working toward securing project financing for expanding the Rosh Pinah mine using the existing Corporate Revolving Credit Facility and Glencore Facility, maturing in September 2022.  The company said it had received non-binding expressions of interest from several capital providers about participating in the financing process, including commercial banks, streaming and royalty companies, and mining-focused alternative lenders, as well as from Rosh Pinah's concentrate offtaker, Glenc