Who Really Owns Namibian Mines?

NAMDEB – De Beers 50% – GRN 50%                                                                                                                                                   De Beers has been a family business of the South African based Oppenheimer until 2012 when Nicholas “Nicky” Oppenheimer liquidated 40% of his De-Beers shares and acquired further wealth in Anglo American. The 59 years old Nicky who inherited his De Beers shares from Ernest Oppenheimer, is said to be South Africa’s richest person with an estimated net worth of $6.6 billion.



LANGER HEINRICH-Langer Heinrich Uranium (Pty) Ltd 100%, GRN 0%                                                                          One of the biggest Uranium mines in the country, the mine is wholly owned and managed by the Langer Heinrich Uranium (Pty) Ltd which is a member of Paladin Energy Ltd group of companies. The Mine is located at the foot of the Langer Heinrich Mountain in the Namib Desert near Swakopmund. Namibia is ranked the 4th largest producer of uranium worldwide, behind Kazakhstan, Canada, and Australia, and produce about 7.1% of Uranium oxide worldwide, however the country receive very little direct returns from the sale of uranium products. 


Rössing Mine – Rio Tinto 69% GRN 3%, Iranians 15%, SA 10%, others 3%                                                                  Rössing Mine is the world’s longest-running open pit uranium mine and has been in operation since 1976 and is Namibia’s first commercial uranium mine. The mine is about 12km from the town of Arandis.


TSUMEB SMELTER – DPM 100%, GRN 0%                                                                                                                             Dundee Precious Metals Tsumeb is a subsidy of Dundee Precious Metals Inc, a Canadian based Gold mining giant which also deals in the acquisition, exploration, development, mining and processing of precious metals. The smelter was constructed in the early 1960’s to process concentrate from the Tsumeb copper mine and is one of the only five commercial-scale smelters in Africa.



SKORPION ZINC MINE – VENDATA 100% GRN 0%                                                                                                              Skorpion Zinc Mine is the 8th largest Zinc mine in the world, located in southwest Namibia, near the town of Rosh Pinah producing Special High Grade (SHG) Zinc. Since November 2010 it is owned and operated by Vedanta Resources.




NAVACHAB GOLD MINE –QKR 92.5 GRN 7.5%                                                                                                                             The Navachab gold mine is situated near the town of Karibib some 170km northwest of the capital Windhoek and 171km inland of the town of Swakopmund. The mine was owned by AngloGold Ashanti until July 2014 when it was bought by a subsidiary of QKR Corporation Limited. Originally the mine was jointly-owned by the Erongo Exploration and Mining Company (70%), the Metal Mining Company of Canada (20%) and Rand Mines Exploration 10%. AngloGold acquired a 70% interest in the mine in 1998, which it increased to a 100% the following year.[3] In 2004, AngloGold and Ashanti merged to form AngloGold Ashanti.


The Otjikoto Gold Mine is located approximately 70 kilometres northwest of Otjiwarongo and 50 kilometres southwest of Otavi in Otjozondjupa. B2Gold Namibia is owned indirectly 90% by B2Gold Corporation and 10% by EVI Mining, a Namibian empowerment company. EVI Mining, is said to be owned by Pamue Investment, Omankete Investments and the trade union federation’s investment arm NAMMIC. B2Gold Corporation is a Vancouver based gold producer with four operating mines in Namibia. 

Husab Mine – SWAKOP URANIUM 90% GRN 10%
The Husab Mine, also known as the Husab Uranium Project, is a uranium mine near the town of Swakopmund in the Erongo region. The mine is located approximately 60 kilometers from Walvis Bay. The Husab Mine is said to be the second largest uranium mine in the world after the McArthur River uranium mine in Canada.            The Husab mine contains approximately 280 million tonnes of uranium ore. Mining is expected to last nearly 20 years. 

ETANGO URANIUM MINE – Bannerman Resources 100% GRN 0%
The Etango Uranium Project is situated on the flat Namib Desert sands, approximately 38 kilometres (by road) east of Swakopmund. Bannerman Resources Ltd announced that it owns 100% of the Etango Uranium Project in 2015. The Etango Uranium Project is one of the world’s largest undeveloped uranium projects by 2016.


AREVA Resources Namibia is a subsidiary of AREVA group and until 2013 it was in the process of developing the Trekkopje mining project, located 70 km northeast of Swakopmund in the desert region of Erongo, However, owing to the downward trend in uranium prices, AREVA postponed the start-up of mining and mothballed all the installations there at that time. It is said that Areva has no plans to restart Trekkopje uranium mine project anytime soon.



AREVA Resources Namibia has built the first seawater desalination plant in southern Africa. Located at Wlotzkasbaken, 30 km north of Swakopmund, the plant main aim was to supply water to the Trekkopje mine. Areva is now willing to sell the desalination plan for US$200 million (about N$3 billion)

Norasa Uranium – Forsys Metal 100% GRN 0%                                                                                                                        Norasa Uranium project is a flagship of Forsys Metal – A company based in Toronto Canada. Norasa Uranium Project consist of the wholly owned Valencia project (ML 149) which has a 25 year mining licence and a 100% interest in the Namibplaas project, which is located 7.5 km north east of Valencia. Both projects have NI 43-101 compliant uranium resources and reserves.

Norasa Uranium

Rosh Pinah Zinc Mine – Glencore 80% GRN 0% Others 20%
The Rosh Pinah mine is one of the largest lead and zinc mines in Namibia. The mine is located in the extreme southwest, about 15 kilometers north of the Orange River and 50 kilometers east of the ocean in Rosh Pinah. The mine has reserves amounting to 14 million tonnes of ore grading 2% lead and 8% zinc thus resulting 280,000 tonnes of lead and 1.12 million tonnes of zinc. The mine is owned and operated by Rosh Pinah Zinc Corporation. PE Minerals, Jaguar and the Rosh Pinah Employee Empowerment Participation Scheme Trust hold the remaining 19.92% equity interest in the Rosh Pinah. The mine was previously owned by Exxaro Resources.

Rosh Pinah Zinc Mine

                                                                                                                                                                                                                  Otjihase, Tschidi Matcheless Coper mines – Weatherly International 95.8% – GRN 2.6 – others 1.6            Weatherly Mining Namibia operates three copper mines in Namibia, namely the Otjihase and Matchless underground mines, and the newly commissioned Tschudi open pit mine near Tsumeb. Both Otjihase, Tschidi Matcheless Coper mines are owned by Weatherly Mining Namibia, a subsidy of Weatherly Internationals. The Government of Namibia only own about 2.6% shares in Weatherly Mining Namibia through Epangelo Mining, while Weatherly International Plc owns 95.8% of the company. The remaining 1.6% is owned by Bank Windhoek and PWN.