Copper-gold mine breaks ground in Erongo

The Hope and Gorob Copper-Gold Project officially broke ground, marking the start of a development expected to boost investment, create jobs, and contribute to economic growth in the region.The Hope and Gorob Copper-Gold Project, located within Namibia's Matchless Copper Belt in the Gobabeb constituency (Topnaar community) of the Erongo Region, held its groundbreaking ceremony on Tuesday. The project is expected to extract copper and gold from the Hope, Gorob and Vendome deposits, with production anticipated to commence within the next two years following the granting of mining licence (ML) 246, valid until 2040.Lazarus Kanelombe, Chairperson of the Erongo Regional Council, said the development will significantly strengthen the region's mining sector while supporting long-term economic growth. He added that it reflects strong investor confidence in Namibia's political stability, governance framework and investment climate. "The Hope and Gorob Copper-Gold Project has emerged as one of Namibia's most promising developments and serves as a prime example of innovation, strategic investment and sustainable economic growth," he said.Kanelombe highlighted mining as a key driver of Namibia's economy, contributing to revenue, exports, infrastructure development and job creation. He noted that the project is expected to generate employment, support local businesses and stimulate broader economic activity.An independent feasibility study estimates a net present value of approximately US$46 million (N$759 million), with an internal rate of return exceeding 60%. The project will also benefit from the acquisition of the Namib Lead and Zinc Mining processing plant near Swakopmund, reducing capital costs and accelerating the timeline to production. In addition, the mine will utilise dry ore sorting technology to improve efficiency before transportation, lowering waste, transport demands and water usage. A hybrid power system incorporating renewable energy is also planned.Kanelombe also said the company has committed to engaging Namibian contractors and service providers during the development phase. The recommissioning of the processing plant is expected to create further employment and training opportunities.Walvis Bay Rural constituency councillor Ruben Shilongo welcomed the project, saying it should deliver tangible benefits to surrounding communities, including the Topnaar community. "We are particularly galvanised by the promise of inclusive growth for our residents, specifically the Topnaar community," he said. Shilongo added that local leaders expect opportunities for skills transfer, enterprise development and greater participation of local businesses in the mining value chain. He also called for strong collaboration between the private sector, government and traditional authorities to ensure the project remains environmentally sustainable and beneficial to communities.

Copper-gold mine breaks ground in Erongo

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Republikein 2026-10-12

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Copper-gold mine breaks ground in Erongo

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Republikein 2026-10-12

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