Dundee Precious Metals acquires Osino Resources Corporation

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Dundee Precious Metals is set to contribute about N$9 billion in taxes and royalties over the mine's 13 licence acquisitions.

The management of Dundee made the announcement during a courtesy visit to President Hage Geingob at the State House.
 

Dundee Precious Metals made the announcement after acquiring Osino Resources Corporation, owners of the Twin Hills advanced stage development project.

The development of the Twin Hills Project has the potential to generate significant value for Namibia, they say.
 

Tsumeb residents advised to continue boiling water

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Residents of Tsumeb are advised to continue boiling water for consumption.

This was said by the town's chief executive officer, Victoria Kapenda.

Since last year, Tsumeb residents have been having serious water issues as a result of underground water contamination.

Dundee Precious Metals, which operates a copper smelting plant in the town, also confirmed that the water had high microbiological traces.

The process of shock chlorination, or the disinfection of water sources, led to an improvement in the water quality compared to last year.