NUTAM Operations (Pty) Ltd (“NUTAM”), an entity within the IMDH Group of companies (the “Group”), has recently completed the first phase of its trenching operations off the Namibian coastline.
The deep sea mining operations have taken place in the Samicor ML56 and Diamond Fields Namibia ML 111 areas.
“It is a very exciting time for IMDH and NUTAM finally to have the Ya Toivo operational” said Peter Looijen, the CEO of the Group. “We have targeted many areas on the West Coast of Namibia and South Africa that we will be exploring and mining in the years to come. We fully expect our production levels to grow year on year as we continue to refine and develop our technology”.
It is expected that the first sale of the Namibian Atlantic production will be sold in November through DDA Trading BVBA.