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More job prospects as mine resumes operation

It is expected that the resumption of operations at Namdeb’s Elizabeth Bay Mine could significantly boost the local economy, with the mine’s reopening set to create employment opportunities as from next year.
Tony Bessinger, mine manager of Namdeb northern coastal operations, said that up to 250 workers are predicted to be employed at the mine as from 2012 onwards. This figure includes all contractors on site.
“We are also working on turning Elizabeth Bay Mine into the employment destination of choice in order to attract skilled employees. Employee value proposition is important to us and we will find innovative ways to synergise the needs of employees and that of the business,” said Bessinger.
According to Bessinger, the company’s management has been working closely with important stakeholders in an attempt to get their commitment in achieving its goals in a sustainable and responsible manner.
“At Elizabeth Bay Mine, labour relations are definitely positive and improving consequently. The management team at the mine is dynamic and open-minded and is constantly looking for opportunities to improve the business ensuring a sustainable future,” he said.
It is expected that the reopening of the mine will generate profits and earnings in tax revenue and hundreds of jobs for the region.
Meanwhile, the mine has also embarked upon small mining operations in the Shallow Marine managed by the Namdeb Luderitz office, whereby products from the small driver-assisted operators are treated at the contractors treatment facility. The operation seeks to support entrepreneurial initiatives in the area.
“This state of the art facility extract diamonds in a cost effective and efficient manner and provides opportunities for entrepreneurs to operate and expand in this part of our business. We are keen to get more players involved ensuring that Shallow Marine operations play a much more meaningful role in the local economy. Namdeb has also assisted with the creation and operation of a diving school in Luderitz,” Bessinger added.
Community development will also take centre stage. “As an important stakeholder in Luderitz, Namdeb has a keen interest in community development and makes a contribution in this regard as well. We continually invest in projects in Luderitz,” he said.
Elizabeth Bay Mine is set to resume operations in January next year. Mining optimisation exercises are currently being run at the mine to ensure that operations start in January 2012.
The mine, which is located south of Luderitz, had temporarily shut down its operations for about two years.
James Alexander, geologist at the mine, said it is estimated that there are about 2.7million carats at the mine.
The mine is currently commissioning the new process plant sections and plans to mine just over 300 000 carats in 2012.
The Elizabeth Bay Mine reached similar levels of production before, achieving about 340 000 carats in 2007. Namdeb currently holds seven diamond mining licences covering both land and sea areas on and adjacent to the southern coast of Namibia.
The Elizabeth Bay Mine Optimisation Study was initiated in September 2009 as part of efforts to determine and develop the optimal mining and treatment solution for both the current resource and the southern resource below the accreted beach.

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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.