Good progress on foundry project
Plans to set up a foundry facility in Otavi are fast taking shape according to local business man André Neethling who presented the proposal during the Invest in Namibia International Conference held last year November.
Updating Namibian Sun this week, he said negotiations were at an advanced stage while necessary environmental assessments had been concluded.
“We are at an advanced stage to close the negotiations and subsequent funding,” Neethling briefly said.
According to him, the environmental impact assessment and the environmental management plan had been completed while clearance had been issued to Otavi Rebar Manufacturing.
Namibian Sun also spoke to project coordinator Sakkie Kaulinge. Both Kaulinge and Neethling said that discussions had been held and that the foundry project was ready for implementation. “We have had several discussions with relevant stakeholder following the feasibility study in August 2015 and we are ready to go.”
“What is important is that the foundry project will be incorporated into the steel project at Otavi, as the size of the furnace, in this case 70 tonnes, is a critical factor in operating a large foundry productively to serve Namibia and neighbouring countries. Serious discussions have taken place in this regard.”
The duo sought an investment of N$21 million in the plant. “There is a sufficient market potential and interest warrant the establishment of a foundry facility,” Neethling and Kaulinge said to justify the need for the facility.
OGONE TLHAGE
Updating Namibian Sun this week, he said negotiations were at an advanced stage while necessary environmental assessments had been concluded.
“We are at an advanced stage to close the negotiations and subsequent funding,” Neethling briefly said.
According to him, the environmental impact assessment and the environmental management plan had been completed while clearance had been issued to Otavi Rebar Manufacturing.
Namibian Sun also spoke to project coordinator Sakkie Kaulinge. Both Kaulinge and Neethling said that discussions had been held and that the foundry project was ready for implementation. “We have had several discussions with relevant stakeholder following the feasibility study in August 2015 and we are ready to go.”
“What is important is that the foundry project will be incorporated into the steel project at Otavi, as the size of the furnace, in this case 70 tonnes, is a critical factor in operating a large foundry productively to serve Namibia and neighbouring countries. Serious discussions have taken place in this regard.”
The duo sought an investment of N$21 million in the plant. “There is a sufficient market potential and interest warrant the establishment of a foundry facility,” Neethling and Kaulinge said to justify the need for the facility.
OGONE TLHAGE
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