Dundee Precious Metals Tsumeb

Dundee Precious Metals Tsumeb (Pty) Limited is a subsidiary of Dundee Precious Metals, a Canadian-based international mining company engaged in the acquisition, exploration, development, mining and processing of precious metal properties. Its current operations are in Namibia and Bulgaria, with exploration in Armenia, Bulgaria and Serbia. Dundee Precious Metals Tsumeb, is located in Namibia approximately 430 km north of the capital city, Windhoek. Tsumeb is linked by rail to the Atlantic port of Walvis Bay and is the closest town to the Etosha National Park. The town has a population of 45,000 people.

The facility consists of a primary smelting furnace, the Ausmelt furnace, one Pierce Smith Converters, bag houses and cooling towers, a slag milling plant, one high voltage distribution sub-station, a materials handling facility, two oxygen plants, a fume extraction system and a sulphuric acid plant. Blister copper is the product of the smelter and sulphuric acid the by-product. The Company makes use of road and rail tankers to transport sulphuric acid to other mines. Sulphuric acid is a critical component in the mining industry particularly for uranium and copper production businesses. The smelter takes a by-product of the smelting process and turns it into something of value for Namibia. The Tsumeb smelter produces 98.5% pure copper blisters and with its ability to treat complex copper concentrates is transitioning from a captive smelter, receiving mainly Dundee concentrates into a toll treatment facility with brownfields expansion potential. As part of our long term strategy to bring the smelter to internationally accepted environmental standards, Dundee invested over N$2.6 billion in a state of the art Sulphuric Acid Plant designed to reduce more than 95% of S02 emissions.

All Dundee community projects are aligned with Namibian government efforts and the Company has spent over N$23.3 million in the Tsumeb Community on Environment, Arts, Social Welfare, SME’s and Education initiatives. The Company contributed approximately N$6 million to public-private partnership with the National Housing Enterprise to build houses for Dundee employees and is currently in the second phase of this project. The smelter employs approximately 1684 employees including contractors.