Rosh Pinah mine
The Rosh Pinah mine is a mine near Rosh Pinah in the ǁKaras Region of southern Namibia. It is one of the largest and most important lead and zinc mines in Namibia. The mine is located in the extreme southwest, about north of the Orange River and 50 kilometers east of the Atlantic. The mine is owned by Appian Capital Advisory LLP since 2023.
History
German-born Jew Mose Kohan discovered zinc in the nearby Hunz Mountains in 1963. He also coined the name "Rosh Pinah" which is a Hebrew term for "cornerstone". The mine has been in continuous operation since 1969.Glencore acquired 50.04% ownership of the mine in 2011 and increased its stake shortly thereafter to 80.08%. The remainder of the shares were owned by Black Economic Empowerment actors PE Minerals, owned by Aaron Mushimba, Jaguar Investments Four, and a trust representing mine employees. In June 2014, Glencore announced laying off 124 employees from the Rosh Pinah mine.
In 2017 Glencore sold its majority stake along with other zinc assets to Trevali Mining Corporation for $400 million. In May 2018, Trevali increased its ownership to 90%. In 2020, Trevali Mining Corporation launched a drilling study to consider the expansion of the mining reserve, a project forecasted to cost $93 million.
In June 2023, private equity company Appian Capital Advisory acquired the company.