Tag: Business

Chief Executive Officer (CEO) of the Kamanjab Village Council, Bianca Nguaiko, has urged potential investors to apply for land for residential and commercial use to help the village council combat deprivation and generate jobs.

Nguaiko made the call in a recent interview with Nampa, saying to improve the integration of village planning and management, the council and potential investors must demonstrate a strong commitment to reforming policies and changing the village’s image.

‘Such investments will not only reduce poverty, but will also boost the quantity and calibre of infrastructure spending and fortify the institutions necessary to maintain and grow Kamanjab’s competitiveness,’ the CEO said.

Nguaiko also informed this agency that the village council’s financial affairs have been impacted by the high unemployment rate, which currently stands at over 50 per cent.

The high rate of unemployment means most people are unable to pay their taxes and rates.

‘Most people in Kamanjab do not work and it is alwa
ys difficult for them to pay their water, rates and taxes, and because the town is small, we only have small businesses and therefore, I would like to call for more investors,’ she stated.

The CEO went on to say that the council owns a sizable amount of land and that investors are encouraged to buy land and invest in the community.

Nguaiko further said the lack of funding has led to the council being unable to provide its services to all areas of the community.

‘Even though we are managing to pull through with the little we have, I must add that with insufficient funds, it is difficult to deliver services to all parts of the village equally.’

Despite the limited funding, the council was able to build roads with the help of the Road Fund Administration, connecting the town’s informal settlement to certain other areas.

The village council also acquired two vehicles that are used by the building and water departments and drilled boreholes at the beginning of 2024 to supply water directly to its residents in
stead of relying entirely on NamWater, which it owes N.dollars 3.5 million.

The village council also owes various suppliers and contractors N.dollars 14 million.

The CEO said the council intends to build its solar power plant to become self-sufficient and generate revenue.

Source: The Namibia Press Agency

WINDHOEK: The Ministry of Labour, Industrial Relations and Employment Creation (MLREC), recently launched the National Coordination Mechanism (NCM) on Decent Work in the Namibian Fisheries Sector in collaboration with the International Labour Organisation (ILO).

The event was held in Walvis Bay and was accompanied by a business forum on advancing decent work in the Namibian Fisheries Supply Chain.

In a media statement issued by the MLREC on Friday, the NCM was established to ensure compliance with international labour standards, particularly within the fishing sector which is recognized as a cornerstone of the nation’s economy, employing thousands and significantly contributing to international trade. However, it faces challenges related to decent work, safety, skills development, and issues of illegal fishing.

Furthermore the statement said key achievements and initiatives were highlighted during the launch, including the ratification of international labour instruments, aimed at promoting decent work in
the fisheries sector, while efforts under the Sustainable Supply Chains to Build Better, supported by the European Union (EU) and ILO, were commended for addressing challenges and opportunities in the fisheries supply chain.

The statement further read that members of the NCM were appointed through tripartite nominations and will serve for a period of five years, with a mandate to support and coordinate the full implementation and enforcement of Convention No. 188.

This mechanism will consult and make recommendations to relevant ministries, monitor progress, and provide advice to ensure compliance with international labour standards, it concluded.

Source: The Namibia Press Agency

Farmers at Ezorongondo in the Epukiro constituency of the Omaheke region on Friday held a farmer’s information day at their village to discuss issues related to animal fodder, vaccines and the maintenance of livestock during drought.

The farmer’s day held for the second time in two years, attracted farmers from nearby villages like Okanguindi and Okajombo who shown interest in learning from the experts.

Speaking at the event, Technical Advisor for communal areas at Feedmaster, Frank Kanguatjivi urged farmers to take drastic measures in improving their water supply as this according to him also contributes to losing more livestock during drought.

‘We tend to react very late and we do not take informed decisions much earlier, thus an event such as this in the beginning of the year is very important to awaken farmers. We can see that going forward, it is not going to be easy, so let us start planning and make ways that will take us through.

The objective of this information day is to inform farmers on the se
riousness of the current drought that we are going through. We want to educate farmers on the critical things that affect them in this situation like the water, grazing, health and supplementary issues,’ Kanguatjivi said.

Furthermore, Kanguatjivi advised farmers to sell their livestock while they are in good conditions, and keep those they can manage during the dry season.

Jasana Uaaka from the Veterinary office in Epukiro urged farmers to make sure that their livestock are vaccinated on time, saying animals become very sensitive during the drought season and can easily attract diseases and viruses.

Hugo Kandovazu who organized this year’s event said they saw it necessary to bring farmers and experts together so that they share knowledge on how to maintain their livestock and improve on production.

‘We want this day to grow and attract more villages and more farmers around Epukiro to give our communal farmers the needed information, because this is an eye-opening day and we are going to work harder next y
ear and beyond to make it more successful’, Kandovazu concluded.

Source: The Namibia Press Agency

Oshikoto Governor, Penda Ya Ndakolo, has urged contractors who are constructing roads in the region to drill boreholes and rehabilitate burrow pits into earth dams for their construction work.

Ya Ndakolo said this during a courtesy visit from a representative of the Roads Authority (RA), Harley Simasiku, to the governor’s office about the labour-based construction of the gravel district road (DR3654) of Omuthiya to Elambo in the Oshikoto Region on Tuesday in Omuthiya.

Ya Ndakolo said that water scarcity is still an issue in the region, as a result contractors that are constructing roads and any other developmental infrastructure in the region should come up with their main water points.

‘Water scarcity is the song of the day in some areas of the region so we encourage contractors not to use local water points as their main source of water but should drill their boreholes,’ said Ya Ndakolo.

He further said that when these contractors complete the road, they at least help solve the water problem by rehabili
tating burrow pits into earth dams and drilling more boreholes in the region.

Ya Ndakolo said this referring to the Eengodi Constituency which is mostly affected by water scarcity in the region compared to Okankolo and Nehale Lyampingana constituencies.

The RA’s Simasiku said the construction of the Omuthiya-Elambo district road will cost a total of N.dollars 178 million and it has a length of 58 kilometres and is expected to be completed within 24 months.

Simasiku said the road will be expected to be constructed within the next few months – the tender is awarded.

He said the proclaimed road will start at the junction with the B1 road in Omuthiya and follow the easterly direction to Elambo.

‘A total 1.4 kilometres of the road till the railway will be constructed with bitumen while the rest of the earth track will be gravel,’ said Simasiku.

Simasiku also said that the affected land will be compensated and they will construct access points to Alweendo Combined School, Amweelo Primary School, and Onamishu
Combined School.

Source: The Namibia Press Agency

WINDHOEK: When workers are treated fairly, paid a decent wage, and provided with safe working conditions, they are more productive and contribute to economic growth, Minister of Labour, Industrial Relations and Employment Creations (MLIREC), Utoni Nujoma has said.

Nujoma said this on Tuesday during the launch of the National Coordination Mechanism (NCM) on decent work in the Namibian fisheries sector and the business forum on advancing decent work in the Namibian fisheries at Walvis Bay in the Erongo Region.

The event aims to create awareness, discuss issues that pave the way for improvement in the sector and promote opportunities in the Namibian fisheries supply chain.

‘The status of employment relations in the fishing sector remains unabated as the forum also aims to present an opportunity for Namibian businesses to explore the existing local and international markets and enhance business sustainability and diversification,’ he said.

To foster, deliver and ensure harmonious labour relations, Nujoma high
lighted key milestones achieved by his ministry.

‘The finalisation and gazetting of the second variation in the fishing sector, whereby certain conditions of the service/employment have been varied in certain provision of chapter 3 of the Labour Act, 2007 (Act No. 11 of 2007) for the fishing sector,’ said Nujoma, adding that this variation does not intend to disadvantage workers or employers, but rather aims to promote decent work in the fishing sector and promote sustainability.

Some of the main functions of the NCM as highlighted by Nujoma include the support and coordination of the full implementation and enforcement of convention No. 188, through constant, effective and robust social dialogue, acting as the coordination mechanism to be established under Article 7 of the same convention; consult and make recommendations to the minister responsible for labour and other relevant ministries and to promote decent work in the Namibian fisheries sector.

Nujoma urged all stakeholders in the fisheries sector to
support the initiative and to work together to promote decent work for all.

Source: The Namibia Press Agency

More than 300 taxi operators at Otjiwarongo on Tuesday staged a peaceful demonstration against the municipality’s alleged poor services, particularly concerning road maintenance and the lack of designated taxi ranks.

The group marched from the Orwetoveni residential area to the municipality office complex where they handed over a petition to Mayor Gottlieb Shivute.

In their petition, the taxi drivers expressed concern over the potholes in nearly every street around town on both tar and gravel roads.

They demanded that local authority councillors take their duty of serving the community seriously, especially with regards to road maintenance.

‘We have heard enough of that saying that the budget is not enough, yet the conditions of our roads remain in a bad state. We would like to be involved in this matter as taxi drivers since we are the ones who are affected,’ they said.

The group also wanted to know when designated taxi ranks will be established.

‘Also explain to us the use of these taxi numbers you ar
e charging N.dollars 350 for annually. We do not understand the meaning and how that money is being used to benefit the town at large,’ they said.

The group then gave the municipality until 17 April 2024 to respond to their concerns.

In his response, Mayor Shivute informed the group to expect answers to their concerns by next week.

Source: The Namibia Press Agency

||Kharas Governor, Aletha Frederick said women should understand that they have the responsibility to grab opportunities presented to them to ensure that gender equality continues in the country.

Frederick was speaking at the belated commemoration of International Women’s Day at Aussenkehr on Saturday – the day is commemorated on 08 March each year, this year it was celebrated under the theme ‘Invest in women, accelerate progress’.

‘We do not necessarily need to be pushed by someone else to grab opportunities that are presented to us, you should have the willingness to grab it, because people will not be there forever, let us push ourselves and grab them because you will never know if you can do a certain task until you try it,’ she said.

Frederick urged ministries, agencies and the private sector to ensure that continual capacity building takes place for women, citing that as Namibia is moving towards the fourth industrial revolution which involve technology, women should not be left behind but must be ca
pacitated equally with men.

‘For us to build an equal society, we must start investing more in women’s leadership, health, education and economic development. Women have the ability and capacity, it is not that we do not have these things, we do, we just want equal opportunities to showcase our talent, to help and assist men so that society is not only built by men but both men and women,’ she stressed.

Also speaking at the event Aussenkehr Primary School principal, Susanna Kadhikwa said it is important that women take up responsibility to ensure that they contribute to the achievements of developmental agendas such as Vision 2030.

‘Vision 20230 is around the corner, it is watching us, what did we as women do to implement this sustainable development goal, what do we do when it comes to poverty, zero hunger, providing clean water and sanitation, quality education – are we working towards that vision. If we want our voice to be heard and our cries to be answered, let us invest in one another, only then will
we accelerate progress,’ she said.

Source: The Namibia Press Agency

WINDHOEK: In a concerning revelation, the general population in the urban informal settlements is largely unaware of government small business support programmes and training initiatives for young people.

Despite the government’s efforts to roll out various support programmes aimed at fostering entrepreneurship, many people in Windhoek’s informal settlements remain unaware of these opportunities.

The lack of information regarding such initiatives has left aspiring entrepreneurs and small business owners in these areas at a severe disadvantage.

Although Windhoek informal settlements like Havana and Goreangab have long been hubs for entrepreneurship, certain business activities are oversaturated.

And the lack of information further causes many young people including those who did not do well in school to miss out on training opportunities provided by various government ministries.

To bridge this knowledge gap, on 28 February 2024, Moses ||Garoëb Constituency councillor Stefanus Ndengu with a delegation pai
d a visit to Lucia Iipumbu, the Minister of Industrialisation and Trade, at her office.

On Saturday, Ndengu and members of the constituency development committee held an information-sharing meeting with the business community at the constituency office in Havana.

Ndengu said they sought to provide feedback about the visit to the ministry and share with the community information about government support programmes.

‘We decided to go to the high authorities to get information and bring it to you, to help you improve your business and go into business. We have seen how much you are suffering when it comes to information. You might have registered a business, but you are sitting at home because you do not know which door to turn to or where to start,’ Ndengu said during the well-attended meeting.

The councillor spoke about various support programmes of the industrialisation ministry, such as the equipment aid scheme for small and medium enterprises. Ndengu said his office is going to share information about t
he ministry’s gemstone cutting and polishing training for this year.

Minister Iipumbu recently revealed that about 300 young people between the ages of 18 and 35 have been trained so far under this programme at its centre in Karibib. And that at least 90 per cent of this group have found employment in the diamond polishing and cutting sector.

‘The 2023 cohort has just graduated, and out of 24 graduates, we can report that 22 are about to start their employment within the diamond cutting and polishing sector. We are about to advertise for the 2024 cohort to apply,’ according to the minister.

Also speaking at the meeting, was the youthful councillor for Windhoek West Consituency, Emma Muteka. She called on the youth of Moses ||Garoëb to believe in themselves and take business risks.

‘Information is very important, but the main problem is that the youth want information to come to them. We don’t stand up and go look for information. You can even come to the office and ask the councillor for specific informat
ion. We need to keep motivating young people to start walking toward information,’ Muteka said.

However, efforts to bridge the information gap must include translating information into local languages. ‘That information needs to be translated in the sense that everybody is included and that it is inclusive for everybody to understand,’ said Muteka.

According to entrepreneur Talapombanda Mulunga, the oversaturation of some business activities in informal settlements is due to a lack of information and innovative business practices.

‘Tourism is one of the businesses we can initiate. I used to take foreign tourists to Babylon and Havana and bring them to the Soweto Market and Single Quarters. So this is another business our young people can think of as one way of income generation,’ she said, adding that women can also venture into childcare services.

Councillor Ndengu meanwhile said Minister Iipumbu has agreed to meet with the Moses ||Garoëb Constituency business community next month to provide more informa
tion about the ministry’s support programmes.

He added that he and members of the constituency development committee would be visiting other ministries and government agencies to learn more about government assistance programmes to inform people in his constituency.

Source: The Namibia Press Agency

Oshikoto regional council chairperson, Samuel Shivute has urged the inhabitants of the region to pay close attention to the challenges they face, including the lack of clean water and recommend various solutions.

Shivute made the remarks during a regional consultative meeting held at Omuthiya by the National Planning Commission on the Sixth National Development Plan (NDP6) on Tuesday.

He said the region continues to experience a lack of water in most rural areas and there is a need for boreholes and upgrading of water treatment reservoirs and pipelines to ensure that the challenge is addressed.

Shivute also informed the meeting that the region lacks proper roads, more specifically feeder roads in most areas of Eengodi, Okankolo, omuntele, and Nehale lya Mpingana constituencies which hinder development as most of the services are inaccessible.

‘We have a high unemployment rate and a lack of school infrastructure mostly in the rural parts of the region such as classrooms and hostels, and tertiary institutio
ns,’ said Shivute.

NPC executive director (ED) Wilhencia Uiras said that they are in consultations with regional councils and all stakeholders both agents and beneficiaries of development to formulate the NDP6 through which the NPC spearheads and coordinates national socio-economic planning.

‘The NDP6 will be the last in the series towards Vision 2030 to be implemented from March 2025/2026 to March 2030/2031 financial years,’ said Uiras.

She said that the NDP6 calls for all stakeholders, agents, and beneficiaries of development to work together and leverage synergies in executing programmes and projects and discourages dependencies and recipient syndrome.

The Oshikoto Regional Council’s acting Chief Regional Officer, Peter Ndawedwa said that the region will play a crucial role in the implementation of the NDP6 by aligning regional development efforts with national priorities and coordinating development activities.

‘We will collaborate with relevant stakeholders to mobilise resources and implement infras
tructure projects effectively,’ said Ndawedwa.

Source: The Namibia Press Agency

WINDHOEK: The Namibia Airports Company (NAC) on Tuesday signed a Memorandum of Understanding (MoU) with key stakeholders aimed at fostering collaboration towards the expansion of the aviation sector through the launch of the ‘Air Connect Namibia’ project.

Speaking at the signing ceremony here, NAC Chief Executive Officer Bisey /Uirab said the aviation sector is a driver of the country’s economic activities and therefore there must be collaboration amongst key stakeholders to define the economic development and ensure that Namibia continues to play a role as the logistics hub in the region.

He explained that the project, amongst others, aims to target specific airlines to come to Namibia; formulate an air connectivity forum and have a broader air service development programme initiated.

‘The steering committee will have roles to play in ensuring that we have sufficient funding for this project so that we are able to do the work and to attract airlines and people who come to our country via air, as well as t
o ensure that we provide policy and strategic guidance to the industry,’ he said.

He noted that with the discovery of oil, and gas and the development of green hydrogen and other government initiatives, Namibia will need the air transport sector to come into play to ensure that travellers come to Namibia easily.

At the same event, NTB Acting Chief Executive Officer Bonnie Mbidzo said there is a need for Namibia to diversify its tourist arrivals through air connectivity as currently, the country relies heavily on German tourist arrivals.

‘We need to diversify into other markets but in those markets, we don’t have connectivity or airlift to Namibia and this project gives us that platform. Our statistics show that in the Netherlands, Belgium or east Europe the Italians the figures are there but connectivity to Namibia has been a problem,’ Mbidzo noted.

Equally, Director of Transport and Regulations in the Ministry of Works and Transport, Cedric Limbo said Namibia wants to become a logistical hub for the Sout
hern African Development Community (SADC) which will require efforts and initiatives such as the ‘Air Connect Namibia’.

‘The signed agreement will smoothen and fast-track the aspect of us becoming a logistical hub. Our aim as a government is really to urge our key stakeholders to unlock other markets. We should not only focus on the traditional markets, yes we have the Germans and the British but we need to unlock other markets,’ he noted.

The parties involved include the Namibia Tourism Board (NTB); the City of Windhoek (CoW); Gondwana Collection; Walvis Bay Corridor Group; the Namibia Chamber of Commerce and Industry, and the Namibia Investment Promotion Board.

Source: The Namibia Press Agency

A group of concerned aspiring farmers in the Otjinene Constituency of the Omaheke Region on Thursday took to the streets to air their grievances against the Maharero Traditional Authority (MTA).

The group led by Swapo district coordinator Assaria Tjingaete in their petition accused the MTA of alleged nepotism, corruption and malpractices.

It demanded that some implicated traditional councillors resign, blaming them for promoting tribalism, nepotism, chauvinism and personality cults.

The MTA instead of being free and representing the people of Otjinene fairly, are misinforming, misleading and instigating division among members of that community, it said.

‘We are tired of your unlawful practices of allowing your family members to apply for land and mapping a number of land and selling to non-inhabitants of our areas for enriching yourselves. We will not let you continue mapping our land surrounding our villages in the names of your children and selling them to strangers,’ the group said.

‘We are requestin
g the communal land board, the chief, the Anti-Corruption Commission and the Office of the Ombudsman to set up a team and investigate the aforementioned malpractices, deliberate practices and corruption. The implicated councillors should recuse themselves or go on permanent retirement,’ they added in the petition.

Receiving the petition, Dave Ndjavera, special adviser to the MTA said they were not informed of the demonstration, however Tjingaete had reported the aforementioned alleged corruption and nepotism cases to the authority, thus, they were waiting for him to come for his hearing as agreed.

‘We were having a hearing on the objection of the customary land right that has been allocated by the traditional authority some years back. The objector did not turn up on time and said he’d only be available in the afternoon and he came here with a group without notifying the authority,’ Ndjavera said.

‘The Maharero Traditional Authority is a representative of the people that are living in the communal areas of
Otjinene irrespective of their political affiliation, religion and tribes. We are guided by the provisions of the Traditional Authorities Act. Thus, there are no favouritism, nepotism and maladministration,’ he said.

Source: Namibia Press Agency

The Okongo Constituency councillor Efraim Shipindo has urged public members to desist from stealing community water pumps as these cost the government millions to replace.

In an interview with Nampa on Friday, Shipindi stated that the three water cylinders stolen this week from boreholes at Okamanya, Onheleiwa and Okanyanona villages bring the total to 13 stolen since last year.

‘We suspect that thieves might have taken the water pumps into Angola to re-sell or nearby farms where people have private taps,’ he said.

He called on communities to expose people who steal water pumps so that they can be dealt with.

Ministry of Agriculture, Water and Land Reform spokesperson Jona Musheko said the ministry condemns the recent reports of cases of theft of water pumps, most especially in the north and north-central region.

‘This really takes us back in terms of our objective of water supply in the rural areas,’ he said.

Musheko indicated that in all those villages where the water pumps and solar panels are stole
n, the communities are left in a crisis as the water supply is interrupted.

He urged the community to safeguard the facilities that are put up by the ministry in different areas, be it boreholes, water pumps or solar panels, as when this happens it sets communities back.

He also urged the community members to report the culprits, as the government has no resources to be going back and forth replacing stolen equipment.

Source: Namibia Press Agency

Employees of Coastal Infrastructure Terminals Namibia have received a salary increase of 7 and 6.75 per cent, respectively.

The increase of 7 per cent is effective on the basic salary of each employee who falls within the category of operator (excluding senior operators), while 6.75 per cent was added onto the salaries of all other category employees within the bargaining unit.

This was cemented through the signing of a wage agreement between the employers and the Mineworkers Union of Namibia (MUN) at Walvis Bay on Thursday.

Coastal Infrastructure Terminals Namibia is a Walvis Bay-based company responsible for bulk storage and distribution of fuel, with a smaller branch in Lderitz.

An additional 7 and 6.75 per cent, respectively, have also been added to the housing allowance of the employees within the bargaining unit.

The increase is effective from January 2024 and employees will receive back pay for the months already lapsed for this year, subject to the employee being in the employment of the employe
r at the date of payment.

MUN secretary general Fillepus Ampweya who represented the union commended the parties, noting that this was a milestone agreement for the union because, in addition to the salary agreement, the two parties also signed a recognition and procedural agreement.

‘This is rare because you do not usually get employers who will want you to sign the recognition agreement after a wage agreement. Usually, they will want to only sign the recognition agreement and then only perhaps after a couple of negotiations, would you be able to sign a wage agreement,’ Ampweya said.

He further stressed that the MUN continues to provide premium service to its members with specific emphasis on advocacy for sustainable and conducive working conditions.

On behalf of the employees, the chairman of the MUN branch executive committee Bornbright Mubiana hailed all parties involved in the negotiations for their patience, maturity and consideration.

‘Although the process of negotiations took slightly longer than
we would have liked, we are glad we could reach an amicable agreement for both employees and employer,’ Mubiana said.

Source: Namibia Press Agency

WINDHOEK: The Namibia Press Agency (Nampa) is set to initiate training programmes for media professionals that focus on the coverage of emerging sectors within the oil and gas industry.

Nampa Chief Executive Officer (CEO) Linus Chata made the announcement on Thursday during a high-level tertiary education funding budget review dinner held at the Nampa headquarters in Windhoek.

The event was officiated by Prime Minister Saara Kuugongelwa-Amadhila. Also in attendance were Minister of Higher Education, Training and Innovation Itah Kandjii-Murangi, Deputy Minister of Information and Communication Technology Modestus Amutse, and prominent industry figures.

‘This event is the first of many similar engagements Nampa will be hosting going forward. We plan to give exposure to a wide range of sectors of our economy and society,’ Chata said.

The CEO noted that Nampa has ‘come of age’ and is determined to leverage all available avenues to deliver on its mandate.

‘We are scaling up and expanding beyond traditional ne
ws and information collection and dissemination, to content creation. With the aid of modern technology, we are able to connect corporate entities with their target markets here in Namibia and beyond,’ Chata added.

Nampa board member Bertha Amakali, while officially opening the event, commended participants for their dedication to national development, stressing the importance of research, innovation, and training in emerging sectors such as oil and gas and green hydrogen.

‘Our collective efforts will guide us toward sustainable growth and impactful outcomes. Besides the presentations, let us engage in constructive dialogue, share insights, and chart a course that aligns with our Harambee mantra, no one must be left out,’ said Amakali.

Amakali further revealed that Nampa has finalised its strategic plan, outlining its readiness to serve as a reliable information and content partner in the era of multimedia and emerging technologies.

She encouraged collaboration, stating, ‘Our teams will be calling on you
soon to discuss what we can do for you with our diverse capabilities.’

Nampa currently distributes content to over 500 digital media platforms and 88 newspapers across more than 70 countries and regions worldwide. The news agency delivers news to over 18 radio stations throughout Namibia.

Source: Namibia Press Agency

Dundee Precious Metals (DPM) has sold the Tsumeb smelter to a Chinese mining company, Sinomine Resource Group, for N.dollars 908 million in cash on Thursday.

DPM announced the sale in a press statement availed to Nampa on Friday, saying that it has entered into a definite share purchase agreement with a subsidiary of Sinomine Resource Group for the sale of its interest in the Tsumeb smelter.

‘The sale includes all associated assets and liabilities through the disposition of all the issued and outstanding shares it indirectly holds in Dundee Precious Metals Tsumeb Holdings,’ read the statement.

DPM president and Chief Executive Officer, David Rae said they were pleased to announce the sale of the Tsumeb smelter, which is consistent with their strategic objectives of focusing on their gold mining assets and simplifying their portfolio going forward.

‘We are extremely proud of the investment that we have made to transform Tsumeb’s operational and environmental performances into a specialised custom smelter
with a highly skilled workforce,’ said Rae.

The company expressed thanks to the Government of Namibia, the community of Tsumeb, and their employees for their support over the past 13 years, saying they will work closely with Sinomine to ensure a smooth transition to support a successful future for the operation and all its stakeholders.

‘DPM acquired the smelter in 2010 to secure a processing outlet for the complex concentrate produced by the company’s Chelopech mine in Bulgaria and with the development in the global smelting market and changes in the quality of the Chelopech concentrate, DPM can place its Chelopech concentrate at several other third-party facilities, providing secure and reliable processing alternatives at favourable terms,’ read the statement.

DPM is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Namibia, Serbia and Ecuador. The company’s purpose is to unlock resources and generate value to thrive and grow together.

Source: Namibia
Press Agency