Not logged in
  Home   Markets   Shares   Funds   Portfolio   Toolbox   Charting   Alerts   Directory   
 Admin   

Fri 12 Sep 2003, 12:17 Anglo American"s Skorpion Zinc mine and refinery i
Anglo American"s Skorpion Zinc mine and refinery in Namibia officially opened   
Anglo American plc"s ("Anglo American) wholly owned Skorpion zinc mine and      
refinery near Rosh Pinah, southern Namibia was today officially opened by the   
President of Namibia, Dr Sam Nujoma. Also in attendance were the Hon Nicky      
Iyambo, Minister of Mines and Energy, the Hon Andimba Toivo ya Tiovo, Minister  
of Prisons and Correctional-Services (previously Minister of Labour and Mines   
and Energy), senior representatives of the Department of Trade and Industry,    
Ambassadors, representatives of Anglo American and the contractors and          
technology suppliers associated with the development of the mine.               
The US$454 million development of the Skorpion zinc mine was announced in 2000. 
In May this year the mine produced first metal and the first consignment of zinc
was exported from the port of Luderitz in July. The mine will produce 150 000   
tonnes per year of special high-grade zinc over a mine life of at least 15      
years. It is expected to ramp up to full capacity by the end of 2004 and will be
one of the lowest cost zinc producers in the world.                             
The complex consists of an open pit mine and a hydrometallurgical refinery      
together with the associated infrastructure of analytical laboratory, offices,  
stores building and changehouses. A significant investment has been made in     
housing and residential infrastructure in Rosh Pinah.  Skorpion zinc mine has   
adopted internationally recognised standards for environmental management and   
has already achieved ISO 14000 certification for the mining operations.         
Commenting on the official opening of Skorpion zinc mine, President Nujoma,     
said, "The Government of the Republic of Namibia has always recognised the      
importance for the entire Namibian population of foreign direct investment.  It 
is with great satisfaction that I bear witness to this development and          
acknowledge the proud partnership role we have played in the establishment of   
the mine and refinery."                                                         
President Nujoma continued, "The construction of a training plant on site at a  
cost of 34-million Namibian dollars (US$4,3 million) is indicative of the       
investment in human resource development that is being undertaken at the mine.  
We welcome and encourage this and the opportunity provided to some twenty       
students to date to study at various institutions of higher learning, especially
in the field of science and engineering."                                       
Tony Trahar, CEO Anglo American plc, said, "Skorpion is the largest investment  
in Namibia since independence.  When it reaches full production it should       
contribute some 4% to the Gross National Product of the country and will provide
valuable hard currency export earnings.  We continue to invest heavily in       
manpower training and development and believe that we have a young, enthusiastic
work force, eager to make Skorpion a truly world class operation."              
Trahar added, "The impact of the project on the regional development of the     
south of Namibia has been dramatic.  Rosh Pinah is thriving and is attracting   
investor interest from many sectors of the economy with new shops, banks and    
other businesses opening up to take advantage of the wealth created by          
Skorpion."                                                                      
Skorpion has some 600 employees and currently provides a further 250 jobs to    
contractors as well as numerous jobs in the service sector.  Over 90% of        
employees are Namibians and of those 14% are women - an unusually high          
percentage for what has traditionally been a male-dominated industry.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
Other Profile Group sites: FundsData Online (unit trust data)  |  Profile Group corporate site
[  Terms of Use |  Privacy Policy |  PAIA manual |  FAQs/Help |  Site Map |  © Copyright Reserved 2026  ]
  


Powered by ProfileData

Profile Mobile App Google Play Store Apple App Store


Follow us on: