Sign in to comment!



Large iron ore discovery in Namibia

The Namibian Press Agency reports the discovery of large deposits of iron ore that are the first found in the mineral-rich southwest African country.

The agency quotes the Namibia East China Minerals Exploration and Development company as saying the deposit of 2.37 billion tons (2.41 billion metric tons) has a lifespan of about 100 years.

It quotes geologists at the site in northwest Kunene region as saying the lode is 7 kilometers (more than 4 miles) long and about 160 meters (525 feet) deep.

In a report Tuesday the agency quotes Deputy Industry Minister Tjekero Tweya as saying he will travel to China soon to further negotiate development of the high-value industrial iron ore.

A host of other minerals are mined in Namibia including diamonds, gold, copper, uranium and lead.