26
Sep
CHAMWE KAIRA There is little hope that Namibia will be able to refine gold locally in the near future. This is despite increasing gold production and the development of a third gold mine. The outgoing CEO of Osino Resources, Heye Daun, explained that Namibia and South Africa have similar regulations around gold and that gold refining and all gold production in Namibia go to the Rand Refinery in Johannesburg. “We had this discussion before. A refinery in Namibia is not economically viable. Refineries are very expensive. They require big orders of big magnitude,” said Daun. Rand Refinery was established by…