Select Page

Dundee Precious Metals proposes expansion of Tsumeb smelter

Dundee Precious Metals proposes expansion of Tsumeb smelter

Dundee Precious Metals Tsumeb has proposed to expand their current smelter operations in Tsumeb in order to increase the copper concentrate throughput capacity from 240,000 tons per annum to 370 000.

In a report for the proposed expansion released this week, it is said that Dundee has appointed SLR Environment Consulting Namibia to undertake the required Environmental and Social Impact Assessment (ESIA) Amendment process for the proposed project.

In the report Dundee said the expansion would be contained within the existing facility footprint and would include the following components, to upgrade the existing Ausmelt feed and furnace, to install a rotary holding furnace , the implementation of slow cooling of the furnace and converter slag, the upgrading of the slag mill to improve copper recovery and handle the increased tonnage from slow cooled slags, the option to install an additional Peirce-Smith converter and to relate infrastructure improvements.

According to Dundee the new facilities will be designed, constructed, operated and maintained in line with good international practice, the new project components and associated services infrastructure together with the existing infrastructure are collectively referred to as the Tsumeb Smelter Upgrade and Optimisation Project.

Meanwhile, Dundee currently holds an Environmental Clearance Certificate in terms of the Environmental Management Act (No. 7 or 2007, EMA) of Namibia for its operations at the Tsumeb Smelter, therefore to allow for the proposed Expansion Project, an amendment of the original ECC and Environmental Management Plan is required and the report focuses on the above additional components not covered in the current certificate and plan.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

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

Promotion

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.