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Namibia Opens Second Gold Mine The Otjikoto Gold Mine

by Milicent Atieno
Namibia Opens Second Gold Mine The Otjikoto Gold Mine

Namibia Opens Second Gold Mine The Otjikoto Gold Mine

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 conducive investment climate so you must come and invest.

Geingob further urged the mine operators, “taxes and royalties are what I am interested in to take that money and go and build schools and clinics.”

Geingob, who had been elected into office by a wide margin. Said that his election to the Presidency came with high expectations: “I’m supposed to provide prosperity, and we can only deliver through partnership with the private sector. You must join us.

Meanwhile, the Namibian Minister of Mines and Energy, Obed Kandjoze described the official launch event as an “astonishing occasion,” and, “another milestone in the mining history of our country. The Minister applauded B2 Gold for the expeditious process it carried out the whole expedition by saying, “perhaps it should not take ten years,” for other mines around the country to reach the production stage.

Their counterpart, Clive Johnson, the CEO, President and Director at B2 Gold added, “Otjikoto is a modern mine for the world,” and that here, “we are changing mining,” for the better. “Mining should be a win-win, situation.

Source, >>.

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