June 4, 2015 IBOMLLC Team

Namibia Opens Second Gold Mine The Otjikoto Gold Mine

Namibia Opens Second Gold Mine The Otjikoto Gold Mine

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Earlier this week, Namibia’s third President, Hage Geingob officiated the launching of the country’s second gold mine, the Otjikoto Gold Mine located in Otjozondjupa Region. The gold mine took 18 months to be made ready and the first gold to be produced from the mine was poured in December last year. Following a 4 million working hours at the mine with only two loss-time incidents being reported all of which had no fatalities.

The Otjikoto Gold Mine is expected to have a lifespan of 12 years and contribute about N$4 billion (US$322,951,840) to the Namibian economy.

Being from this area and knowing it, I also know that there was nothing but bush here. I came in, and I saw development that I did not expect in only 18 months’ time,” said President Geingob.

The President said the establishment of the Otjikoto Gold Mine was a step in the right direction towards taking Namibia to the international investment limelight. When the B2 Group first expressed interest in the project, Geingob said his government decided:

Let’s invite the Canadians to come with their know-how. We provide a conducive environment and a …read more

Read more here:: Namibia Opens Second Gold Mine The Otjikoto Gold Mine

      

IBOM LLC

We're passionate about your business and we only offer the best solutions.