Mining Industry Performance 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 Empowerment Framework (NEEEF) in October
•
Environmental regulations under Environmental Management Act 2007 passed and Environmental Commissioner appointed
•
Epangelo deals with NRE, Bannerman and Extract
•
Joint GRN-CMN Tax and Value Addition Committees
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