Featured Project: Omitiomire Copper Mine, Namibia

Omitiomire Copper Mine, Namibia

 

Description:

Craton Resources Limited, the Namibian registered subsidiary of the Australian based International Base Metals Limited, is proposing to develop a copper oxide mine, on the farm Groot Omitiomire,120km northeast of Windhoek in the Khomas Region in Namibia. Prospecting activities and exploratory drilling have been ongoing since 2007 and a sizeable copper deposit has since been delineated. IBML has planned a two-stage approach to bring Omitiomire into production: Phase 1: The initial project is based on near-surface oxide and mixed oxide-sulphide copper. During Phase 2 Craton expects to be able to develop a larger project based on the deeper sulphide copper resource at Omitiomire plus other copper resources which might be discovered within trucking distance of Omitiomire. Estimated project value: $38.5 million.

 

Status:

Design

 

Category:

Infrastructure

 

Industry:

Mining

 

Sector:

Private

Region:

Namibia

 

Value:

R 100 million +

 

Timing:

2014 onwards

 

Class:

Invited / Negotiated

 

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About Marlaine Andersen

I have been working for Leads 2 Business, in the Private Projects Department, for 10 years this July. I am Deputy HoD for Private Projects. Researching mining projects and projects through-out the African continent are my areas of research and I find them most interesting.

Developing Africa … is Africa the new China?

When I first stepped into the Private Projects Department, I had a vague idea of what to expect from Africa.

 

[tweetthis]What I did not expect was to see huge #developments taking place in the remotest parts of #Africa.[/tweetthis]

 

Developments like:

 

Hope City in Ghana

 

Hope City
Hope City

 

 

 

Desert Rose International Convention and Exhibition Centre in Namibia (it’s just a desert there, right?)

 

Desert Rose Namibia
Desert Rose Namibia

 

 

Mall de Mozambique

 

Mall of Mozambique
Mall of Mozambique

 

 

 

and a whole brand New City to be built in Egypt (another desert??)

 

New City Egypt
New City Egypt

 

 

 

 

These are some of the developments that spring to mind…developments that take your breath away…but how on earth are these small, money hungry countries going to fund, let alone develop these ambitious projects? Projects so ambitious they raise eyebrows…well, mine mostly.

 

For example .  Zimbabwe wanting to build a Disney Land at Victoria Falls…a pipe dream at the moment, but what a dream!! Just to keep tourists there longer than a day or two.

 

Disneyland
Disneyland

 

 

African Development Bank is one way, but most of the investments are coming from China.

The Chinese footprint in Africa has been cemented. In the last decade, investment in Africa by the world’s second-largest economy has surged to $2.9 billion from $75 million, and with it China’s influence can be seen everywhere.

The next question… who is going to build these huge developments?

China of course.! If a Chinese company has invested in a Project, you can be sure that they will be building it too. Build, Own, Operate. But there are benefits, the Chinese do subcontract some of the work to the locals.

Swaziland, however, in an effort to ensure that their local contractors still have work and can tender for contracts, have implemented the rule that any projects less than E120 million cannot be awarded to foreign companies.

So, what has this have to do with developing Africa? Just feeding Africa does not solve anything. Providing them with employment that doesn’t warrant anything more than maybe digging a hole in the ground, painting a room, something that doesn’t require much skill, but providing these people with employment, a sense of self, educating them. Providing them with purpose. A trade. Hope. To me, that is really developing Africa.

When I used to imagine Africa, I used to think of trees, rivers, wildlife, war, jungles and deep dark Africa … nothing much could be happening there right?

How wrong was I !?!

 

 

Photo Sources:

 

http://www.financialgazette.co.zw/wp-content/uploads/Disneyland.jpg

http://ghanagist.com/president-mahama-launches-hope-city/

http://www.mccormick-property.com/mpd/content/mall-mozambique

http://www.abc.net.au/news/2015-03-14/egyptian-government-reveals-plans-to-build-new-capital/6320144

http://www.namibiansun.com/infrastructure/governor-unhindered-by-n8bn-project-conservation-concerns.82564

 

 

About Melanie Miles

One girl who would rather wear boots than high heels...