Namibia Mining and Energy’s Post

**Gold Production per country** - Canada is set to be a major contributor in 2024 with the #Côté Gold project starting in the first half of the year, and the #Blackwater, #Greenstone, and #Magino Gold projects following later, boosting Canada's gold output. - Indonesia's gold production is projected to reach 5 million ounces in 2024, a 9.6% increase from 2023, due to higher production from the Grasberg Block Cave and Batu Hijau mines. - Ghana, the seventh-largest gold producer, expects its output to rise to 4.9 million ounces in 2024, an 8.5% increase, driven by the ramp-up of the Obuasi Gold mine and the start of the #Namdini project. - China and Russia, established gold producers, also expect growth in 2024. China's production is set to rise by 2.1% to 13.6 million ounces with the #Jiama mine resuming operations in May 2024. - Russia's gold production is expected to increase to 12.1 million ounces in 2024, a 2.3% rise, supported by new projects like #Ozernoe and Ak Sug, and strong output from existing mines like #Kupol and #Gross. #mining #mineralexploration #mineralprocessing

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it expects a new mineral resource estimate (MRE) for the Jibal Qutman gold project in Saudi Arabia to be published this quarter and incorporate recent discoveries at Asfingia and Red Hill 2. At Hawiah, also in Saudi, the final stages of a 65,000-metre infill drilling programme are underway, with an update to the MRE expected by year-end 2024. KEFI’s interests in Saudi are held through 25% owned joint venture GMCO.   Harry Adams, executive chairman, commented: "In Saudi Arabia, we have made two significant discoveries which, in aggregate gold-equivalent terms, are approximately double the in-situ metal of Tulu Kapi in Ethiopia.   More at #Proactive #ProactiveInvestors #mining #saudi #kefigoldandcopper http://ow.ly/gtQ1105Ev7P

#Nigeria, with its wealth of untapped minerals valued at a conservative $750 billion, is poised for a mining renaissance under the leadership of Minister of Solid Minerals Development, Dele Alake. Historically plagued by underinvestment and regulatory challenges, the sector is now set for transformation. ⭐Key initiatives include: - Allocation of N70 billion for exploration - Establishment of the Nigerian Solid Minerals Corporation - Tax breaks and streamlined operational licenses for mining companies - Enhanced data availability through the Nigeria Mineral Resources Decision Support System The government’s ambitious plans aim to attract major private sector investment, promote social inclusion, and create jobs. Multinational firms like Glencore are already showing interest, contingent on a stable economic environment. Discover more about the strategic steps being taken to unlock Nigeria's mining potential in our latest article. #EconomicGrowth #SustainableDevelopment #InvestmentOpportunities

Osino deal secures court and second Chinese regulatory approval Osino Resources Corp. has secured final approval from the Supreme Court of British Columbia for its plan of arrangement with Yintai Gold Co. Ltd. Under the approved arrangement, Yintai will acquire all outstanding common shares of Osino for C$1.90 per share. Concurrently, Yintai has obtained approval from the National Development and Reform Commission of China (NDRC), marking progress toward closing the deal by the end of the first half of 2024. This comes as last month the transaction, valued at N$5.3 billion in cash, garnered unanimous support from Osino shareholders, reflecting confidence in the deal's potential. Meanwhile, pending regulatory approvals remain from the Namibian Competition Commission and the State Administration of Foreign Exchange of China. https://lnkd.in/dbfgaih9 #namibia #gold #mining #chinese #approval Namibia Investment Promotion and Development Board (NIPDB) Heye Daun Chamber of Mines Namibia Tom Alweendo Mining Weekly

Discover #Nigeria’s vast mineral wealth with Minister Dele Alake’s vision to revitalise the mining sector. Under President Bola Tinubu’s leadership, Nigeria is: - Offering tax breaks and $46m for exploration. - Establishing the Nigerian Solid Minerals Corporation to attract private investment. Key partnerships include: - Collaboration with Glencore and the United States to enhance infrastructure. - Strategic data partnerships with GeoScan GmbH for investor insights. Explore more in Olumide Adesina’s article: #NigeriaMining #EconomicGrowth #CommunityDevelopment #InvestInNigeria

Saudi Arabia's ambitious #investments in domestic and international #mineral #exploration and mining could propel the kingdom to become a significant force in the global #minerals market, according to analysts. Austrade Middle East, Africa and Pakistan | Australian Trade and Investment Commission #saudivision2030 #Australia #Australianbusiness #saudiprojects #Saudi #saudiaarabia

Saudi Arabia is making bold moves to diversify its economy beyond #oil, and the mining sector is at the forefront. Over the next two weeks, Saudi Arabia’s mining minister, Bandar Alkhorayaf, will visit Brazil and Chile to discuss key partnerships and investments in mining, food processing, aviation, and especially lithium for electric vehicle batteries. This strategic shift aligns with the Kingdom’s Vision 2030 and aims to transform Saudi Arabia into a hub for EV manufacturing. The Public Investment Fund and Ma’aden’s joint venture, Manara Minerals, will be pivotal in securing international mining assets, including copper, cobalt, nickel, and lithium. Our analysts see this as a positive development for junior resource companies in the region, such as South Star Battery Metals in Brazil and Lithium Chile Inc. (TSXV: LITH | OTCQB: LTMCF) in Chile and Argentina. These companies stand to gain from increased investment and new partnerships driven by Saudi Arabia's diversification strategy. Read our full analysis to understand how these developments could reshape the global mining landscape: https://lnkd.in/gpa4MpeD #Mining #Lithium #EVs #SaudiArabia #Brazil #Chile #Investing

Rex Minerals Ltd (ASX:RXM), which holds Australia’s largest permitted and shovel-ready copper project, is being bought out by Indonesia-based MACH Metals Australia for AUD 393 million (USD 265 million). Rex shares closed 56% higher at AUD 0.43 apiece in Sydney Monday on the news. MACH, a unit of the Salim Group and one of Indonesia’s largest conglomerates, already owns a 15.8% stake in Rex, or 121.5 million shares. Read more >>> https://lnkd.in/gE7zpV7n Join 4000+ Mining professionals as individual members, you will receive a member rate to attend networking events, Industry event promo and weekly updates on mining industry-related content via our newsletter! Apply to become a member >>> https://lnkd.in/gdndprB7 #djakartaminingclub #IndonesianGroup #HillsideCopperProject #Australia #miningindustry #businessnews #investment #acquisition #economicdevelopment #marketanalysis #industryinsights

Trafigura and Kamoa-Kakula Commit to Lobito Atlantic Railway.   Trafigura and Kamoa-Kakula have officially become the first customers to sign long-term agreements with the Lobito Atlantic Railway, marking a significant milestone in sub-Saharan Africa’s trade and mining sector. This strategic partnership is set to enhance the export capacity of the African Copperbelt through Angola’s Atlantic coast, offering a sustainable and efficient logistics solution. The Lobito Atlantic Railway is expected to revolutionize the region’s export capabilities, with a projected annual capacity of one million tonnes per annum by the end of the decade. This initiative not only underscores the commitment of Trafigura and Kamoa-Kakula to sustainable mining practices but also paves the way for economic growth and development across the region. Read more: https://lnkd.in/ew8vbZxc   #LobitoAtlanticRailway #MiningLogistics #mining #Lobito #railway #Trafigura #KamoaKakula Kamoa Copper S.A.

Saudi Investors Set Sights on Pakistan's Reko Diq Mine #ManaraMinerals, part of #SaudiArabia's investment arm, explores acquiring a stake in Pakistan's #RekoDiq mine. With the potential of becoming one of the world's largest gold and copper mines, this venture represents a significant economic opportunity. The mine is co-owned by #BarrickGoldCorp and the Pakistani government, promising a substantial boost in foreign investment and economic stability for Pakistan. Discover more about this strategic move in the mining sector on Saudi Business News, link in bio! #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Mining #Gold #Copper #Investment #EconomicDevelopment #Pakistan #Maaden #PIF #GlobalMining