N$393 Million in Local Contracts Advances the Tumas Uranium Project
Deep Yellow has awarded approximately N$393 million in major Tumas Uranium Project construction contracts to Namibian-owned companies, advancing project execution while directing significant mining investment into the local economy.
SOURCE SIGNAL
Deep Yellow awarded approximately N$392.6 million in construction contracts for the Tumas Uranium Project in July 2026, directing the major work packages to two 100% Namibian-owned companies.
The contracts cover significant civil and concrete works required for the project's processing facilities, with contractor mobilisation scheduled to begin in August 2026.
Approximately 500 local jobs were expected to be created through the construction packages.
The awards represent an important step in advancing Tumas from project development toward physical execution while embedding substantial Namibian participation within the construction phase.
COUNTRY IMPACT
Tumas forms part of a wider resurgence of investment in Namibia's uranium sector as international demand strengthens the strategic importance of nuclear fuel and energy security.
The significance of the July contracts extends beyond the uranium resource itself.
Almost N$393 million of project expenditure has been directed toward Namibian-owned contractors, allowing a greater portion of the economic value associated with mine development to flow through the domestic construction and services economy.
Large mining projects create demand across engineering, civil construction, transport, equipment, accommodation, procurement and professional services.
Local participation in major construction packages strengthens the ability of Namibian businesses to develop experience and capacity while supporting employment and economic activity during project development.
Tumas therefore provides evidence of both new mining investment and the domestic economic participation that can accompany that investment.
RELEVANCE TO SUNGATE
The economic impact of major mining developments extends far beyond the mine site.
Projects such as Tumas require the movement of contractors, investors, specialists, equipment and services between mining regions, Windhoek and international markets.
As more project expenditure is captured by Namibian businesses, the secondary commercial impact also becomes more significant. Local contractors and suppliers require offices, logistics, warehousing, transport, accommodation and access to national and international connectivity.
Hosea Kutako International Airport is a principal gateway for international business and technical travel, while Windhoek remains an important centre for the professional and commercial services supporting Namibia's mining economy.
Sungate is positioned adjacent to HKIA at the convergence of air, road and rail.
The Tumas contracts therefore reinforce a broader investment signal relevant to Sungate: Namibia's resource development is increasingly generating real capital expenditure, local contracting opportunities and supporting commercial activity.
For a well-connected mixed-use development positioned at Namibia's principal international gateway, that expanding secondary economy contributes to the long-term opportunity for commercial, logistics and supporting-service uses.
SOURCE
The Namibian. “Deep Yellow awards N$393m contracts to local firms.” 22 July 2026.
N$390 Million Investment Moves Kombat Mine Restart Into Construction
Construction has commenced on the restart of Kombat Mine following a N$390 million equity investment, moving the copper operation from transaction and planning into physical redevelopment.
SOURCE SIGNAL
Construction commenced on the redevelopment of Kombat Mine in February 2026 following a N$390 million equity investment by UK-based Horizon Corporation through New Horizon Copper.
The milestone moves Kombat beyond the ownership and regulatory processes that preceded the redevelopment and into physical implementation.
The restart programme includes development around the Asis West Shaft, continued mine dewatering and the introduction of sensor-based ore-sorting technology.
The redevelopment is targeting a restart of mining operations during the fourth quarter of 2026, with plans to ultimately increase throughput to approximately 60,000 tonnes of ore per month.
The commencement of construction therefore represents the point at which new capital began translating into the physical redevelopment of an existing Namibian copper asset.
COUNTRY IMPACT
The Kombat restart provides another example of investment flowing into Namibia’s mining sector to bring productive mineral assets into operation.
Copper has growing strategic importance internationally as electricity networks, renewable-energy systems, electric vehicles and other forms of electrification increase demand for the metal.
Redeveloping an existing Namibian copper mine can therefore contribute both to domestic economic activity and to Namibia’s participation in international mineral supply chains.
The economic impact extends beyond future copper production.
Mine redevelopment creates demand for construction, engineering, equipment, logistics, energy, professional services, procurement and workforce support.
The N$390 million investment also provides an important signal that international capital is being committed to physical mine redevelopment and future productive capacity, rather than remaining at the exploration or transaction stage.
RELEVANCE TO SUNGATE
Mining investment creates economic activity across a network considerably wider than the mine itself.
International investors, technical specialists, contractors, equipment suppliers and service providers require access between Namibia’s mining regions, Windhoek and international markets.
Hosea Kutako International Airport is a principal gateway for many of these movements.
Sungate is positioned immediately adjacent to HKIA at the convergence of air, road and rail, placing it within the transport and commercial infrastructure network supporting Namibia’s expanding mining economy.
As projects such as Kombat move from investment decisions into construction and ultimately production, they increase demand for logistics, business travel, accommodation, offices, warehousing, vehicle services and other supporting commercial activities.
For Sungate, Kombat is therefore further evidence of a broader trend: capital is being converted into productive economic activity across Namibia, strengthening the case for well-connected commercial and supporting-service locations linked to the country’s national and international transport network.
SOURCE
Market Watch Namibia. “Horizon triggers Kombat restart.” 6 February 2026.
Twin Hills Moves From Development Into Construction
Construction has commenced at the Twin Hills Gold Project, moving a major Namibian mining investment from development into physical implementation as bulk earthworks and civil works get underway.
SOURCE SIGNAL
The Twin Hills Gold Project moved into physical construction during September 2025, with bulk earthworks and civil works underway and contractors mobilised on site.
The transition marks an important change in the status of the project: from studies, approvals and development planning into the physical implementation of a new Namibian mine.
Osino Resources identifies Twin Hills as a major gold development with estimated project capital of approximately US$475 million and planned average annual gold production of approximately 162,000 ounces.
The commencement of construction therefore represents tangible capital deployment into new productive capacity rather than another exploration or prospective mining announcement.
COUNTRY IMPACT
Twin Hills demonstrates how Namibia’s mineral potential is translating into substantial new investment on the ground.
Construction of a new mine generates economic activity across a much wider value chain than the mining operation itself. Civil works, engineering, equipment, energy, water, logistics, procurement, accommodation, professional services and workforce requirements all contribute to the wider economic impact of the investment.
Once operational, Twin Hills is expected to add new gold-production capacity and employment while contributing to Namibia’s export economy.
The project also strengthens an important investment signal for Namibia: international capital is progressing beyond mineral exploration and project evaluation into large-scale construction and long-term productive assets.
That distinction matters for investors assessing whether Namibia’s emerging opportunities are translating into actual economic activity.
RELEVANCE TO SUNGATE
The economic effects of major mining projects extend beyond the mine site.
Large-scale developments require the movement of people, equipment, technical expertise and supplies between international markets, Windhoek and operating areas throughout Namibia. They also create demand for logistics, offices, accommodation, vehicle services, warehousing and other supporting commercial activity.
Hosea Kutako International Airport is a principal entry point for international investors, specialists, contractors and business travellers participating in Namibia’s mining economy.
Sungate’s position adjacent to HKIA and at the convergence of air, road and rail places it within the infrastructure network supporting that broader investment activity.
Twin Hills therefore matters to Sungate not because the mine is located beside the development, but because it provides further evidence of the capital-intensive economic expansion that increases demand for well-connected commercial and supporting-service locations in Namibia.
SOURCE
Osino Resources. “Twin Hills Gold Project.” 30 September 2025.