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Mining to resume at Elizabeth Bay

Namdeb is set to resume operations at the Elizabeth Bay Mine, south of Lüderitz in January 2012 – after two years of rehabilitation, says Tony Bessinger, mine manager of Namdeb’s northern coastal operations. According to Bessinger, the team is currently running mining optimisation exercises to ensure that   mining starts in January.
“The process plant has been modified and simplified to ensure effective recovery of diamonds. We have also sampled and developed new areas to mine, which have great potential,” he said.
The mine has been on care and maintenance for the last two years. During this period, the diamond mining and operations came to a standstill.
In 2009, it was speculated that the mine operated at a loss. Bessinger said this is no longer the case. “We are currently in a project development phase and will only go into full production in January 2012. We expect to make a significant contribution towards Namdeb’s headline profits in 2012,” he added.
It is estimated that there are about 2.7million carats at the mine, although not all of the diamonds will be mine-able due to the nature of the deposit.
“We are commissioning the new process plant sections and we plan to mine just over 300,000 carats in 2012. However, the mine still has some unsampled areas, and when the opportunity arises we are sure to add many more carats to the resource and extra years to the life of the mine,” Bessinger added.
Senior geologist at the mine, James Alexander, said that the mine has also reached similar levels of production before, and has achieved 340 000 carats in 2007.
Although the mine future outlook is positive, it is still faced with challenges including the input costs for fuel, electricity and labour.
“However, we are constantly analysing the different cost drivers and we strategise ways through improvement projects to manage these challenges. We have a clear understanding of costs and the break even unit cost,” Bessinger said.
He further stated that: “Elizabeth Bay is a dynamic deposit, the only one of its kind in the world. With this comes a whole set of challenges, but we are confident that we have the people and the skills to make it a sustainable and exciting mine.”
Plans are also under way to turn Elizabeth Bay Mine into an employment destination in order to attract skilled employees. “Employee Value Proposition is important to us and we find innovative ways to synergise the needs of employees and that of the business,” Bessinger added.
It is estimated that the mine will employ about 250 people from 2012 onwards, which includes all contractors on site.
According to Bessinger, the southern mine areas have another three years left “if we do no additional exploration while the northern and central portions contain over 1.5 million carats with more carats deposited deeper down. The planned exploration will allow us to secure a bright future for Elizabeth Bay and help us achieve Namdeb’s Vision of 2050,” he said.
Namdeb has injected N$ 60 million for the rehabilitation of the mine.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.