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Mining industry

Gecko Gold Mining Plans to Explore Copper, Zinc, Gold, and Precious Stones in Namibia's Otjozondjupa Region

Strategic Insights

— 1 min read

Namibia's mining sector, the country's leading economic driver, is set for a boost as Gecko Gold Mining plans to explore for copper, zinc, gold, and precious stones in the Otjozondjupa Region. The company aims to contribute to the country's socio-economic development through mining, generating mineral rights levies, taxes, and business opportunities for local small and medium enterprises. With its Environmental Clearance Certificate application pending, Gecko is optimistic that its exploration activities will create temporary jobs and contribute to the development of related ventures.

Key Takeaways:

  • Gecko Gold Mining plans to explore for copper, zinc, gold, and precious stones in the Otjozondjupa Region, Namibia, under Exclusive Prospecting Licence (EPL) No. 8345.
  • The company aims to contribute to Namibia's socio-economic development through mining, generating mineral rights levies, taxes, and business opportunities for local small and medium enterprises.
  • The Environmental Scoping Assessment for the proposed activities will be conducted by Serja Hydrogeo-Environmental Consultants.
  • Approval of the Environmental Clearance Certificate is required for the exploration work to proceed.
  • The exploration activities will be conducted at a small-scale level, with a 100-metre buffer zone maintained around archaeologically sensitive sites and a 1.5-kilometre distance maintained from farmhouses, tourism facilities, and other buildings on farms.
  • Successful exploration could lead to mining economically viable commodities based on the results.
  • The company is optimistic that its exploration activities will create temporary jobs and contribute to the development of related ventures.

Statistics:

  • Namibia's mining sector accounts for about 10% of the country's gross domestic product each year (Source: [1] Ministry of Industries, Mines and Energy, Namibia).
  • GEN (Gecko) Gecko applied for the Exclusive Prospecting Licence (EPL) No. 8345 in September 2020.
  • Serja Hydrogeo-Environmental Consultants will conduct the Environmental Scoping Assessment for the proposed activities.

Sources:

  • Ministry of Industries, Mines and Energy, Namibia
  • Gecko Gold Mining
  • Serja Hydrogeo-Environmental Consultants

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