Mining licence stalls Namib Lead Zinc

The issuing of a mining licence is holding back aspiring zinc miner North River Resources from reopening its lead and zinc project near Swakopmund, it told Namibian Sun recently. North River announced its plan to reopen the mine in 2014 already. “The company is anticipating receipt of a mining licence from the Ministry of Mines in the near future. Only then will the development plans be confirmed,” said North River. The mine was recently pumped out after more than 20 years of abandonment. “A new processing facility and installation of the required services and infrastructure are required at the Namib Lead Zinc site to enable the client to achieve an overall throughput of 250 000 tonnes per annum fresh ore, and subsequent production of lead 60+% lead concentrate and 50+% zinc concentrate,” North River said in a feasibility study conducted. “Although unconfirmed, there appeared to be an opportunity to reprocess old tailings material while the mining operations ramp up,” North River said. The total capital expenditure was set in the region of US$19 million, based on December 2013 prices at the time, while project implementation was set at 15 months. In a presentation to investors in July 2016, North River said it would require a total of US$30 million to carry out the entire project, which it planned to split into three phases, of which the construction phase would cost an anticipated US$25 million.OGONE TLHAGE

Mining licence stalls Namib Lead Zinc

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Namibian Sun 2025-08-07

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Mining licence stalls Namib Lead Zinc

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Namibian Sun 2025-08-07

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