Rosh Pinah mine

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Rosh Pinah mine
Zink Mine Rosh Pinah.jpg
Aerial view of Rosh Pinah town and zinc mine
Location
ǁKaras Region
CountryNamibia
Production
ProductsLead, Zinc
Owner
CompanyTrevali Mining Corporation

The Rosh Pinah mine is a mine near Rosh Pinah in the ǁKaras Region of southern Namibia. It is one of the largest and most important lead and zinc mines in Namibia. The mine is located in the extreme southwest, about 20 kilometres (12 mi) north of the Orange River and 50 kilometers east of the Atlantic.[1] The mine is owned by Trevali Mining Corporation since 2017.

History[]

German-born Jew discovered zinc in the nearby in 1963. He also coined the name "Rosh Pinah" which is a Hebrew term for "cornerstone".[2] The mine has been in continuous operation since 1969.[3]

Glencore acquired 50.04% ownership of the mine in 2011 and increased its stake shortly thereafter to 80.08%. The remainder of the shares were owned by Black Economic Empowerment (BEE) actors PE Minerals, owned by Aaron Mushimba, Jaguar Investments Four, and a trust representing mine employees.[4] In June 2014, Glencore announced laying off 124 employees from the Rosh Pinah mine.[5]

In 2017 Glencore sold its majority stake along with other zinc assets to Trevali Mining Corporation for $400 million.[6][7] In May 2018, Trevali increased its ownership to 90%.[8] In 2020, Trevali Mining Corporation launched a drilling study to consider the expansion of the mining reserve,[9] a project forecasted to cost $93 million.[10]

Minerals[]

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.[1] The mine also produces copper, silver and gold as byproducts.

See also[]

References[]

  1. ^ Jump up to: a b "Mining in Namibia" (PDF). gsn.gov.na. 2012. Retrieved 2013-06-25.
  2. ^ Tonchi, Victor L., William A. Lindeke, and John J. Grotpeter, "Rosh Pinah Mine" Historical Dictionary of Namibia. 2nd edition. (2012) Toronto: The Scarecrow Press, Inc, p. 373.
  3. ^ "Rosh Pinah mine". Trevali Mining Corporation. Retrieved 11 May 2019.
  4. ^ "Glencore buys 80% of Rosh Pinah". The Namibian. Mining Weekly. 16 December 2011.
  5. ^ "Glencore to Cut 124 Jobs at Rosh Pinah Zinc Mine in Namibia". Bloomberg.com. 2014-06-03. Retrieved 2020-11-24.
  6. ^ Burger, Schalk (1 September 2017). "Glencore sells zinc mines to Trevali for $400m". .
  7. ^ Namibian, The. "It's business as usual at Rosh Pinah mine". The Namibian. Retrieved 2020-11-24.
  8. ^ Vuuren, Richard Jansen van (2018-05-02). "Trevali Mining increases stakeholding in Rosh Pinah Zinc". Miningreview.com. Retrieved 2020-11-24.
  9. ^ Corporation, Trevali Mining (2020-02-26). "Trevali Announces Drill Results Extending the Western Orefield Deposit at Rosh Pinah at Depth and Along Strike". GlobeNewswire News Room. Retrieved 2020-11-24.
  10. ^ Ecofin, Agence. "Namibie : Trevali devra investir 93 millions $ pour son projet d'extension à la mine Rosh Pinah (PFS)". Agence Ecofin (in French). Retrieved 2020-11-24.


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