Namib Minerals Announces Expanded Milling Plant at How Mine Operating at Full Capacity
Namib Minerals has successfully commissioned its expanded milling plant at the How Mine in Zimbabwe, reaching full operational capacity ahead of schedule.
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On July 20, 2026, Namib Minerals published a defined five-step pathway and targeted milestone schedule for the restart of Redwing Mine, with dewatering as Step 1 and completion targeted for Q4 2026. That step is now
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Namib Minerals has successfully commissioned its expanded milling plant at the How Mine in Zimbabwe, reaching full operational capacity ahead of schedule.
Namib Minerals' subsidiary Bulawayo Mining Company signed a nonbinding term sheet with Ecobank Zimbabwe for a proposed $30 million, 36-month non-dilutive loan facility to fund Redwing Mine's resource-definition and bankability programme. Combined with previously secured $6.5 million from BancABC, the funding is expected to complete Step 3 of the company's development milestones. Ecobank also contemplates acting as lead arranger for future construction phase financing.
Namib Minerals announced that its subsidiary, Bulawayo Mining Company (Private) Limited, has signed a nonbinding term sheet with Ecobank Zimbabwe Limited for a proposed $30 million loan facility.