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.