Osino Resources' Twin Hills Project Takes Shape in Namibia's Gold Mining Scene
Exciting developments are underway in Namibia as Osino Resources officially kicks off construction on its highly anticipated Twin Hills gold mining project. With bulk earthworks and civil works now actively in progress, this ambitious venture is fast becoming a focal point of the country’s mining sector.
Osino Resources has confirmed that contractors have mobilized to the site and are prioritizing health, safety, and security protocols as part of their operational framework. This meticulous attention to safety reflects the company’s commitment to not just mining effectiveness, but also to safeguarding the wellbeing of its workforce.
Initially slated to commence construction in the latter part of 2025, the development of the Twin Hills project is now firmly in motion. This mine is set to become one of Namibia’s largest gold producers, boasting an impressive capacity to process five million tonnes of ore annually. Such capabilities underscore the project’s significance in boosting the nation’s economy and creating job opportunities.
A comprehensive 2023 definitive feasibility study reveals that Twin Hills is projected to operate as an open-pit mine for 13 years, with proven and probable reserves estimated at a whopping 2.94 million ounces of gold. This translates to an expected average annual production of around 160,000 ounces, with the all-in sustaining cost hovering at approximately US,000 per ounce. These numbers paint a promising picture for investors and stakeholders alike.
Adding to the excitement, the Twin Hills project follows the strategic acquisition of Osino Resources by Shanjin International Gold Co., Ltd., formerly known as Yintai Gold. This C8 million acquisition was successfully finalized on August 29, 2024, after gaining regulatory approval from the Namibian Competition Commission. Shanjin International is recognized as one of China’s top five gold producers, currently generating 10 tonnes of gold and 190 tonnes of silver annually from its operational sites. Twin Hills marks Shanjin’s inaugural foray into the African mining landscape, positioning it as a key player within the continent’s mineral exploration sector.
Spanning 11 exclusive prospecting licenses across an expansive area of 153,206 hectares in the Erongo Region, the Twin Hills project is poised to contribute significantly to Namibia’s growth in the global gold market. As the project unfolds, stakeholders and local communities alike are eager to witness the benefits it will bring to the region.
Keep an eye on developments as this golden opportunity fully realizes its potential! For those interested in following this story, stay tuned to Africazine for the latest updates on Namibia’s evolving mining industry.
Tags: #Namibia #Mining #Gold #Economy #Africazine #BusinessNews
