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View of Navachab gold mine. Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. [1] Its contribution to the gross domestic product (10.4% in 2009, 8.5% in 2010, 9.5% in 2011, 12.3% in 2012, 13.2% in 2013, 11.6% in 2014) is also very important and makes it one of the largest economic sectors of the country. [2]
The country is famous for its mineral deposits of Tsumeb, as well as many geological sites of interest, from paleontological, geomorphological and volcanic character. Due to the exposure of the formations in a desert climate and the former German colony, the geology of Namibia is relatively well studied compared to the more tropical less ...
Namibia is one of the first countries that issued mining licences regarding deep sea mining. studies that took place in 1970s discovered considerable amounts of phosphate deposits. The significance of seabed mining in Namibia's blue economy is highlighted by the country's status as a "phosphate factory".
The company was granted a 25-year mining license in 2008 and, in 2009, announced the completion of an independent mineral resource study for the Valencia deposit. [16] Total Proven and Probable Reserves (2015) were estimated as 206 million tonnes of ore with average grade of 200 ppm (0.02%) uranium oxide (U 3 O 8 ) for 90.6 million pounds of U ...
The Navachab Gold Mine is an open-pit gold mine situated near Karibib, in the Erongo Region of Namibia. The operation is owned by QKR. [1] Navachab, the oldest gold mine in Namibia, takes its name from the local Navachab farm, where the gold deposit was found. The deposit is located 6 km south of the Okahandja-Swakopmund road. [2]
Rössing is a low-grade ore body of huge extent. Producing 1,000 tonnes of uranium oxide requires processing of 3 million tonnes of ore, and in 2005 19.5 million tonnes of rock were mined and transported from the open pit to the processing plant.
There are four related deposits in the granite of the Damara Belt in the Erongo Region of western Namibia, namely at Rössing (SJ and Z20 deposits), the Ida Dome, at Goanikontes, and the Valencia. [18] The Husab Uranium Project includes the Ida Dome 20 km south, with 9600 tU inferred resource at 0.02% (contiguous with Reptile's Ongalo). [19]
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