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Namibia’s search for its next copper mine

by Editor
January 28, 2026
in Magazine
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Midas takes 6 months from acquisition to drilling
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Namibia has no continuously operating copper mine at present, yet the country sits on a copper story that stretches from one of the world’s great polymetallic producers at Tsumeb to a new pipeline of development-stage projects that could turn copper into a major pillar of the next commodities cycle.

Historically, Tsumeb was exceptional, averaging more than 4% copper over its life, which is why it ranked among the world’s most respected polymetallic mines despite not being the largest by volume.

Modern and recently operated assets sit much lower on the grade curve.

Kombat’s open-pit material has typically been around 1% copper, with higher grades possible underground, while Tschudi’s heap-leach operation worked ore in the 0.8–0.9% range, prioritising scale and recoverability over richness.

Among development projects, Hope-Gorob stands out for grade, with resources averaging about 1.2% copper and sections exceeding 1.5%, supporting a smaller but higher-value mining concept.

Haib, in contrast, is a classic large-tonnage porphyry project with grades around 0.3% copper, relying on scale, long mine life and low operating costs rather than high grade.

Tsumeb remains the historical benchmark. Over its producing life, the Tsumeb mine yielded about 30 million tonnes of ore.

It delivered roughly 1.7 million tonnes of copper, alongside significant amounts of lead, zinc and speciality metals, making it an outsized contributor to Namibia’s mining legacy.

The mine itself is not the engine of today’s copper narrative. Yet its industrial footprint still matters because Tsumeb hosts a smelting complex that has long connected Namibia to international copper-concentrate flows.

The modern copper question at Tsumeb is the smelter, not the mine. Under its previous operator, Dundee Precious Metals, the Tsumeb facility processed 188,800 tonnes of complex concentrate in 2023 and delivered 26.7 million pounds of copper, underscoring Namibia’s strategic value as a downstream processing hub even when domestic mine feed is limited.

The smelter’s nameplate capacity has been described at around 240,000 tonnes of copper concentrate per year, and it has historically relied heavily on imported concentrate from multiple jurisdictions.

That dependency has also been a vulnerability. In mid-2025, reports indicated Sinomine had halted operations at the Tsumeb smelter, citing concentrate shortages against a global backdrop of smelting overcapacity and squeezed treatment charges.

Northern Namibia’s other copper industrial asset is Tschudi, a cathode operation rather than a conventional concentrate-and-smelt mine.

Tschudi had produced more than 80,000 tonnes of LME Grade A copper cathode before it was placed on care and maintenance in 2020, and it has since been positioned as a restart play.

By August 2024, Consolidated Copper Corp was reporting a successful restart of the Tschudi copper plant, producing LME Grade A cathode again and indicating about 5,000 tonnes had been produced to date, with operations focused on processing residual copper from existing leach pads.

Tschudi therefore represents Namibia’s closest thing to “current copper output” today.

However, it is better understood as a processing restart and life-extension programme rather than a large-scale new copper mine build.

Kombat, often cited as the obvious near-term return to mined copper, remains a cautionary tale.

The mine has deep historical significance in Otavi Mountainland and substantial pre-existing infrastructure, yet the modern restart has been repeatedly disrupted.

Trigon Metals reported that operations were suspended in January 2025, and the company’s disclosures show the mine remained on care and maintenance through that period, with limited production reported in Q4 2025. Corporate ownership has also shifted.

Trigon announced the closing of the sale of its interest in the Kombat Mine to Horizon Corporation Limited on 23 December 2025, setting the stage for a new attempt at revival under different capital and operating assumptions.

Namibia’s copper map, therefore, has a paradox at its centre: Kombat has the brand recognition of an operating mine, yet it is not operating now, and its future depends on new owners converting legacy infrastructure into reliable dewatered, maintained production capacity.

Beyond these legacy and restart assets, Namibia’s copper potential is increasingly defined by the development pipeline.

Haib stands out on the scale. Koryx Copper describes Haib as an advanced, PEA-stage copper-molybdenum porphyry system with more than 80,000 metres of drilling since the 1970s and a large published resource base.

The company has reported an Indicated resource of 511 million tonnes at 0.33% copper and 51 ppm molybdenum, with an Inferred resource of 308.9 million tonnes at 0.31% copper and 40 ppm molybdenum, using a 0.15% copper cut-off.

The strategic argument around Haib is that porphyry-scale can compensate for lower grades through a long mine life, large throughput, and stable metallurgy, especially when paired with infrastructure proximity in southern Namibia.

Hope and Gorob, held by Bezant Resources, offer a different proposition: smaller scale but materially higher grades.

Bezant’s published resource summary describes a JORC (2012) resource across multiple deposits containing about 15 million tonnes at 1.2% copper for roughly 190,000 tonnes of contained copper, with the Hope deposit alone carrying 4.2 million tonnes at 1.7% copper.

That grade profile supports the idea of a faster, more financeable development pathway if permitting, mine planning and funding align, even though it would not match Haib on long-life tonnage.

Exploration is also building out the next tier. Midas Minerals has positioned itself in the Otavi copper belt through its Otavi Copper Project and South Otavi option ground.

At the same time, multiple juniors continue to test targets across the broader Otavi Mountainland province, which hosted Tsumeb and Kombat.

These programmes carry less certainty than Haib or Hope-Gorob, yet they matter because Namibia’s copper future will not be secured by one asset alone; a sustained pipeline is what transforms copper from “potential” into an enduring sector.

The question of which project could become the next big copper mine in Namibia comes down to a balance of scale, readiness, funding momentum and execution risk. Haib has the most obvious “next big mine” profile because its resource base is enormous by Namibian standards, it is already at the PEA stage, and it has been attracting meaningful financing that signals market confidence in the development thesis.

Hope and Gorob could reach production earlier if development decisions and funding move quickly, yet its contained metal inventory suggests it is more likely to be a meaningful new mine than a truly transformative, national-scale copper anchor.

Kombat remains the most immediate symbolic restart, although its fate has become a test of whether new ownership can resolve the operational fragilities that repeatedly stalled production.

Namibia’s copper advantage is not only geology. The country already has processing DNA at Tsumeb and cathode output experience at Tschudi, and it sits within a regional infrastructure corridor that can support large open-pit operations if capital and permitting align.

The limiting factor is continuity: without a stable producing mine, skills, contractor capacity, and domestic supply chains struggle to deepen around copper in the way they have around uranium.

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