Namibia Expands Mining Sector with New Gold and Copper Projects
Namibia's Twin Hills Gold Project, valued at R4.6 billion, is set to become one of the nation's largest gold mines, processing five million tons of ore annually. The resurgence of copper mining, particularly with projects like Kombat and Haib, signals a significant shift toward diversified mineral production in the region.
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The Twin Hills Gold Project, under development by Osino Resources, will process five million tons of ore per year, with proven reserves of 2.94 million ounces over a 13-year lifespan. The Bank of Namibia recently agreed to purchase gold bullion from Navachab, reinforcing its reserve diversification strategy.
Meanwhile, the Kombat mine, acquired by Horizon Corporation, expects to resume operations after significant investment. Prospecting for a large-scale copper and molybdenum mine at the Haib Copper Project aims for 92 kilotons of payable copper annually in its first decade. Concurrently, advanced projects like Sandfire's Motheo and Khoemacau mines are enhancing the copper and silver potential in the Kalahari Copperbelt region.
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