Coen Welsh | Nov 14, 2017 | 0
Ondundu B2Gold’s next project
Vancouver based B2Gold will in the foreseeable future set its focus on the development of the Ondundu project which could be B2Gold Namibia’s next project according to its president and CEO, Mr. Clive Johnson who was recently in the country to share the developments the mining company had made.
High on Johnson’s media agenda was an update on the exploration activities of its jointly owned Ondundu resource as well as a planned mining model with regards to the Wolfshag resource.
Johnson said, “we’ve entered the first stage of exploration at Ondundu. We are committing over N$68 million to cover exploration on Ondundu. Initial results are encouraging.”
B2Gold recently signed an earn-in-joint venture agreement in pursuit of the development of the Ondundu project. Previous exploration on the Ondundu resource included detailed surface mapping, sampling of old workings and diamond drilling. Commenting on the Wolfshag resource Johnson said, “the full plan should be completed by the end of quarter as to whether it should be an open pit mine or an underground mine.”
Johnson also drew reference to a new Equitable Empowerment Bill Government is set to introduce in the near future. “We have worked extensively with the Chamber of Mines of Namibia on the Empowerment Bill. B2Gold is in full support of economic emancipation. The concept is correct. We want to make sure the bill is not only good for Namibia but for the sector and make sure these policies go forward.”
Johnson also mentioned plans for the construction of a solar power plant to complement its existing 20mW gas fired power station. “We are considering the potential for solar. We have planning to go for the solar component for our [existing] plant. The results to support the construction of a solar plant are favourable and a decision just needs to be made,” said Johnson.
The move according to Johnson could see it provide excess power to Otjikoto’s neighbouring communities.