Ibrahima Sory Tall, CEO of Namib Minerals, outlines the company’s strategic path from a successful gold producer in Zimbabwe to a diversified miner targeting gold, copper, cobalt, and lithium production across Zimbabwe and the DRC.
With 23 years of operational history, Namib Minerals' flagship Hau Mine produced 37,000 ounces of gold last year and still holds strong life-of-mine potential. The company is now focused on scaling production 4–5x and reopening two additional mines, aiming to raise $300–400 million in capital to accelerate growth.
In addition to its mining operations, Namib Minerals is deeply committed to community development—building schools, hospitals, and supporting universities—and is actively involved in decarbonization and green energy transition.
🔑 Key Takeaways:
Operations & Assets
✓ 23 years mining in Zimbabwe
✓ Flagship Hau Mine produced 37,000 oz in 2023
✓ Life-of-mine: 7–8+ years with consistent replacement
✓ 13 exploration licenses in the DRC (Copper & Cobalt)ESG & Local Impact
✓ Built schools, hospitals, and community wells
✓ Strong university partnerships and training programs
✓ Local employment and long-term development focusExpansion Plans
✓ Reopen two Zimbabwe mines → 4–5x increase in production
✓ Targeting diversification into copper, cobalt, lithium
✓ $300M–$400M financing target with strong ROI potential
✓ Long-term vision aligned with global green tech demandStrategic Vision
✓ Transitioning into a multi-commodity producer
✓ Focus on low-cost, high-return production
✓ Clear path to 5–10x scale over next few years
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