Namib Minerals, a gold producer and explorer listed on Nasdaq, has unveiled ambitious plans to diversify its portfolio by becoming a significant producer of green metals, including copper and cobalt, within the next five years.
By Ryan Chigoche
Namib operates three key gold mines in Zimbabwe, which form the core of its local portfolio.
Apart from that, the company also owns green mineral assets, including multiple battery metals exploration permits in the Democratic Republic of Congo (DRC), with potential for copper and cobalt.
This was revealed by Namib Minerals CEO Ibrahima Tall in a recent meeting.
“Green metals are the future. We intend to move from being just a gold producer to becoming a producer of both gold and battery metals. This transition should happen within the next four to five years from our perspective.”
The company plans to achieve this through its recent listing on the Nasdaq exchange, which followed its merger with a US-based company in a landmark deal valued at approximately $609 million.
The listing has positioned Namib Minerals to access vital capital for reinvestment and expansion.
Alongside its green metals ambitions, Namib Minerals plans to imminently restart operations at its two non-operational gold mines in Zimbabwe: Mazowe Gold Mine and Redwing Mine, both situated in the prolific Harare greenstone belt.
With support from Hennessy Capital and its strategic Nasdaq listing, Namib Minerals is well positioned to lead in both traditional gold mining and emerging green metals markets, aligning itself with global trends toward sustainable and clean energy resources.
Investors are closely watching Namib’s transformation, which could redefine its role in Zimbabwe’s mining sector and the broader green metals industry over the coming half-decade.
