Three new mines have come into production over the last three years, reigning in over N$40 billion of fixed investments.
Swakop Uranium's Husab mine produced its first barrel of uranium on 30 December, 2016, a hall mark in Namibia's history as the world's second largest uranium mine has come into production.
B2Gold’s Otjikoto gold mine produced their first kilogram of gold on 11 December, 2014 and Weatherly’s Tschudi mine produced Namibia's first copper cathode in February 2015. Both mines successfully ramped up to full production levels in 2015, contributing significantly to export and government earnings in 2015 and 2016.
Dundee Precious Metals Tsumeb (DPMT), which owns Namibia’s copper smelter, commissioned its sulphuric acid plant in July 2015. The plant was officially inaugurated by H.E. President Hage Geingob on 6 April 2016. The sulphuric acid plant utilises off-gases from the smelter operations to produce sulphuric acid. Through off-take agreements with Rössing and Tschudi, DPMT is selling sulphuric acid to these two mines.
The Lodestone Dordabis iron ore mine commenced production in 2015, signifying another first for Namibia. The magnetite and hematite products are being sold to local niche consumers, such as Ohorongo Cement. Local sulphuric acid and iron ore production are being consumed as inputs by Namibian operations, exemplifying how sector mining sector growth leads to the expansion of up-stream and services sectors.