‘Jindal plans Namibia’s second iron ore mine’

Will initially produce 1 million tonne

Mumbai, Goa: A scene of the Iron Ore extraction at one of the largest mine in Goa belonging to Sesa Goa at Kodli (Some 60 kms from Panaji),Sesa resumed its mining operation after the gap of three years due to Mining Ban imposed by Supreme Court in Novemebr 2015.The mine i spreaded over 300 hacters on land at Codli. Photo: Atish Pomburfekar

Plans to open Namibia’s second iron ore mine are being pursued by an Indian-controlled company called Blake Trading, documents seen by Reuters show.

Forty-year lifespan

The group, which is majority owned by a subsidiary of Indian steel giant Jindal Steel and Power called Jindal Steel and Power Mauritius Ltd, expects the planned mine east of the capital Windhoek to have a potential lifespan of 40 years.

Mining is an important contributor to the South West African country’s economy and added 11.1% to its GDP during 2016, the Namibian Statistics Agency says.

Iron ore mining at the new facility will begin with the processing of one million tonne of ore per year, increasing to 10 million tonne thereafter, the documents show.