Areva SA’s Namibian unit is waiting for a distribution agreement with Namibia Water Corp. to supply desalinated water to uranium mines and businesses in the semi- arid Erongo region, Managing Director Hilifa Mbako says.
Glencore Xstrata Plc, the biggest publicly traded commodities supplier, will export concentrates from its Rosh Pinah zinc and lead mine from a Namibian port closer to the operation starting next week, an official said.
Uranium mines operated by companies including Rio Tinto Plc and Paladin Energy Ltd. in Namibia face a water shortage as a drought in the southwest African nation curbs supply to the operations and three coastal towns.
Epangelo Mining Co., a Namibian state-owned investment company, said it has found partners for half the 39 licenses it was awarded to explore for diamonds, uranium, copper, gold, zinc and rare earth metals.
Namibia Power Corp. expects to return its 120-megawatt Van Eck power station to the grid next June after completing an upgrade of the site’s four units, allowing the southwest African country to reduce energy imports.
Barclays Plc postponed a bid to buy a controlling stake in Namibia’s Bank Windhoek from Capricorn Investment Holdings Ltd. until it completes a transaction that will combine its African business with that of Absa Group Ltd.