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New Era Newspaper Thursday November 30, 2017

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  • Namibia
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NEW ERA Choppies creates over 50 jobs in Omuthiya Page 10 Manufacturing, critical component in job creation, SA trade and industry minister Page 12 INSIDE BUSINESS This news is your business Roland Routh Windhoek High Court Judge Hannelie Prin- - thony Bishop, instructed by Sisa Dave Obbes, on the pros and cons percent owned by the Namib- and 5 percent by Zimbabwean businessman Enock Kamushinda, it made questionable investments involving nearly N0 million – money which has not been recovered – and had not paid back any returns when they became due this year. mibian banking laws by investing commodities and dubious unlisted investment vehicles. When granting the provisional liquidation order in July, Judge Prinsloo issued a special court or- - should not make an order that the The government respondents did not oppose the application – babwe and Kamushinda’s World Eagle Properties Company did. When the case resumed in September, Sisa Namandje, who represents the Zimbabwean shareholders, opposed the winding up parties to lodge their arguments. Skorpion Zinc invests heavily to look beyond 2021 Edgar Brandt Windhoek The Skorpion Zinc mine in southern Namibia, which is the only integrated zinc mine - ramping up its mining activities and upgrading its plant and equipment body on an annual basis. business models suggested that the mine be closed in 2015 already. In addition, during the last two years the mine invested N0 million - inputs are in place, it only utilised 65 Irvinne Simataa, GM of the Skorpion Zinc mine Going deeper… Operations at the open pit at Skorpion Zinc mine are already 70m below the water table. The open pit mine will continue to go down to 400m from the current 270m. Photos: Contributed approximately 85,000 tonnes. mine aims to produce up to 91,000 year. “Our journey now is to ramp up the plant to 150,000 tonnes capacity in the near term and 200 000 tonnes long-term,” said Simataa. He added that zinc is currently doing well on the international base metal markets but warned that because the markets are cyclical the mine should seize the opportunities to capitalise on its product while it can. The current international market tonne but Simataa cautions that a anticipated in the new year. “We are quite bullish in our project approach but we do acknowledge that current zinc prices are not sustainable,” he said. Further commenting on the ex- noted that operations could extend beyond 2021 and also did not rule method to go underground. next 12 to 15 months we will know Simataa revealed. which produces 99.995 percent pure zinc ingots, but currently only processes oxide ore, Simataa said the mine’s management is considering sulphide ore as well. conversion would require an addi- million in about three years but this the country and in the region. our mining operations and eventually want to become a custom zinc smelter. This is in line with govern- Weighing in on the challenges experienced at Skorpion, Simataa “What we have told employees is that we cannot guarantee job security. However what we can guarantee them is invaluable experience at one tions on the continent and in some cases even in the world. It has taken our employees but through constant and open dialogue we have been able to do just that,” he said. and his team is the water in the mining area as Skorpion is already mining 70 metres below the water table and envisages an additional 100 metres. Simataa explained that currently the mine pumps out 600 cubic metres per hour in order to mine the mentioned include geological and as well as pit slope stability, which is being closely monitored by radar and other sophisticated technology. “In line with our envisaged legacy lence, the team and I are seized with solving old problems with modern technology and thought. Key among these have been the breakthrough on ing, material handling as it relates to wet ore and lower grades as well be- ready to deliver a world-class project

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New Era Newspaper Vol 22 No 167

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