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Husab developments enter new stage

Dignitaries present at the ceremony included, Founding President, HE Dr. Sam Nujoma; President Hifikepunye Pohamba; Governor of the Erongo Region, Hon Mr Cleophas Mutjavikua; the Chinese Ambassador, HE Mr. Xin Shunkang; Minister of Mines and Energy, Hon Isak Katali; Deputy Minister of China Atomic Energy Authority, Hon. Mr Wang Yiren; Chairman of China General Nuclear Power Corporation, Mr. He Yu and Swakop Uranium CEO, Mr. Zheng Kepin

Dignitaries present at the ceremony included, Founding President, HE Dr. Sam Nujoma; President Hifikepunye Pohamba; Governor of the Erongo Region, Hon Mr Cleophas Mutjavikua; the Chinese Ambassador, HE Mr. Xin Shunkang; Minister of Mines and Energy, Hon Isak Katali; Deputy Minister of China Atomic Energy Authority, Hon. Mr Wang Yiren; Chairman of China General Nuclear Power Corporation, Mr. He Yu and Swakop Uranium CEO, Mr. Zheng Kepin

Ultimately the second largest uranium mine in the world, Husab mine reached another milestone in its development earlier this month when an official ceremony on mining operations took place at the Husab Project site.
Swakop Uranium’s Chief Executive Officer, Mr. Zheng Keping said, “The commencement of mining operations at Husab are a momentous occasion for Swakop Uranium, and a milestone in the annals of the mining industry in Namibia and China.”
“Since the ground breaking ceremony on 18 April last year Swakop Uranium has made significant progress at Husab,” he added.
Keping stated that the 37 hectare-contractor village was almost complete and would become home to more than 4000 people at the peak of construction.
“The Husab contractors’ village is furnished with bedrooms, kitchens, dining rooms, recreation areas showers and ablutions, at a capital cost of over N$250 million, or an average cost of N$62,000 per resident. Our contractor village is a showcase for the country, comparing well with the standards of mining companies around the world,” he said

Keping pointed out that the infrastructure was being developed to provide the critical utilities for construction and operation. He said utilities like power lines, the permanent access road and reservoirs are now in place, and the permanent water pipeline construction was progressing well.
He then commented on the permanent road from the B2 transport route to the Husab Mine which had been recently opened.
“The road which we all drove on to get to site opened yesterday. I am sure you will agree that this is a spectacular drive. The 22km road is an asset which took 16 months to complete at a capital cost of N$180 million,” he beamed.
Meanwhile the first batch of 11 haul trucks, each with a load capacity of 330 tons, has been assembled and is ready for mining. He said that the remainder of the initial mining fleet, inclusive of rope and hydraulic shovels, drill rigs, and other ancillary mining equipment, had also been delivered to site.
“Bulk earthworks for the processing plant are almost completed, and structural civil construction has begun. Equipment installation will begin in the second half of this year. We are confident that by the end of next year, a brand new processing complex will stand ready at the Husab site,” he said.
With focus on the recruitment process Keping said, “continuous recruitment for operations will focus on a diverse local workforce. Special attention is given to the recruitment of females in a male dominated mining world. To date, the workforce of site contractors has grown to approximately 3000, of which nearly 90% are locals.” Keping identified one of the key milestones for Swakop Uranium saying it has taken an active leadership role in managing the complex employees relations climate by engaging the unions and contractors to follow Swakop Uranium values, thus operating as one team.
Keping expressed Swakop Uranium’s sincere gratitude to the Chinese government for its strong support to the Husab Project, and to their shareholders, CGN, CAD Fund, China Development Bank and Epangelo for their valuable guidance and assistance. “With China General Nuclear as a shareholder, the Husab Mine is fortunate to have a key market for our output,” he said.

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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.