{"id":33901,"date":"2022-11-15T16:52:15","date_gmt":"2022-11-15T16:52:15","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021"},"modified":"2022-11-15T17:22:22","modified_gmt":"2022-11-15T17:22:22","slug":"osino-reports-investing-n2246m-in-namibia-in-2021","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021","title":{"rendered":"Osino reports investing N$224,6m in Namibia in 2021"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Regina Murphy<\/p>\n

THE Canadian mining company, Osino Resources, says it invested N$224,6m in Namibia in 2021, and employed 27 people at the Twin Hills Gold project in the Erongo region.<\/p>\n

The company released its sustainability report on Friday, saying in 2017 it invested N$444 million in Namibia for wages, drilling and geological studies.<\/p>\n

Osino Resources said they are working on housing for mine workers, skills development, renewable energy options, including solar energy and a battery energy storage system, as well as minimising water usage.<\/p>\n

About 750 people will work at the Twin Hills Mine, most of whom will be Namibian and many of whom will be from local communities.<\/p>\n

In 2021, Osino reported recruiting 27 people under 30, and 29 other new employees from local communities, where unemployment is around 30%, while 50% of senior geologists are women.<\/p>\n

The report says 95% of the workers are Namibians, and 47% are from local communities around the Twin Hills Gold Project.<\/p>\n

In addition, Osino Resources says they spent 92% on buying materials from Namibia, and that about N$2m was used as seed money to establish the Twin Hills Trust. Another N$980 000 was used to fund the drilling of boreholes in the Karibib area.<\/p>\n

Osino established the Twin Hills Trust in 2021 to contribute to social, economic and environmental development.<\/p>\n

The trust’s objectives and funding focus areas are aligned with the Namibian government’s current development priorities, including initiatives that support community wellness and health, education, enterprise development, community infrastructure improvement, and environmental conservation and rehabilitation.<\/p>\n

The Twin Hills Trust works with Namibian non-governmental organisations, such as the Development Workshop of Namibia (DWN), which supports early childhood development centres at Omaruru and Karibib.<\/p>\n

DWN and the Twin Hills Trust are also servicing land at a subsidised rate for building low-cost houses at Karibib.<\/p>\n

The Twin Hills Trust has partnered with the Shack Dwellers Federation of Namibia to upgrade the bulk sewerage infrastructure for the Usab settlement at Karibib.<\/p>\n

With the Omba Trust, the Twin Hills Trust implemented online marketing of San arts and crafts, and fed the artists during Covid-19.<\/p>\n

Osino Resources co-founder Heye Daun said economic development, guided by a sustainability approach that considers social and environmental priorities, is essential to growing a Namibian society and economy that thrives over the long term.<\/p>\n

Daun said the company views responsible exploration and mining as an ethical requirement, and the foundation of the ability to create value for shareholders and other stakeholders.<\/p>\n

He said this regarding the environmental and social management plan for the Twin Hills Gold Project that shows Osino’s carbon footprint, including emissions from three drilling contractors.<\/p>\n

\u201cAs we grow, we are committed to raising the bar on our sustainable development efforts to build a model mine and expand our ability to be a force for good,\u201d Daun said.<\/p>\n

The company released its sustainability report on Friday, saying in 2017 it invested N$444 million in Namibia for wages, drilling and geological studies.<\/p>\n

Osino Resources said they are working on housing for mine workers, skills development, renewable energy options, including solar energy and a battery energy storage system, as well as minimising water usage.<\/p>\n

About 750 people will work at the Twin Hills Mine, most of whom will be Namibian and many of whom will be from local communities.<\/p>\n

In 2021, Osino reported recruiting 27 people under 30, and 29 other new employees from local communities, where unemployment is around 30%, while 50% of senior geologists are women.<\/p>\n

The report says 95% of the workers are Namibians, and 47% are from local communities around the Twin Hills Gold Project.<\/p>\n

In addition, Osino Resources says they spent 92% on buying materials from Namibia, and that about N$2m was used as seed money to establish the Twin Hills Trust. Another N$980 000 was used to fund the drilling of boreholes in the Karibib area.<\/p>\n

Osino established the Twin Hills Trust in 2021 to contribute to social, economic and environmental development.<\/p>\n

The trust’s objectives and funding focus areas are aligned with the Namibian government’s current development priorities, including initiatives that support community wellness and health, education, enterprise development, community infrastructure improvement, and environmental conservation and rehabilitation.<\/p>\n

The Twin Hills Trust works with Namibian non-governmental organisations, such as the Development Workshop of Namibia (DWN), which supports early childhood development centres at Omaruru and Karibib.<\/p>\n

DWN and the Twin Hills Trust are also servicing land at a subsidised rate for building low-cost houses at Karibib.<\/p>\n

The Twin Hills Trust has partnered with the Shack Dwellers Federation of Namibia to upgrade the bulk sewerage infrastructure for the Usab settlement at Karibib.<\/p>\n

With the Omba Trust, the Twin Hills Trust implemented online marketing of San arts and crafts, and fed the artists during Covid-19.<\/p>\n

Osino Resources co-founder Heye Daun said economic development, guided by a sustainability approach that considers social and environmental priorities, is essential to growing a Namibian society and economy that thrives over the long term.<\/p>\n

Daun said the company views responsible exploration and mining as an ethical requirement, and the foundation of the ability to create value for shareholders and other stakeholders.<\/p>\n

He said this regarding the environmental and social management plan for the Twin Hills Gold Project that shows Osino’s carbon footprint, including emissions from three drilling contractors.<\/p>\n

\u201cAs we grow, we are committed to raising the bar on our sustainable development efforts to build a model mine and expand our ability to be a force for good,\u201d Daun said.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Regina Murphy THE Canadian mining company, Osino Resources, says it invested N$224,6m in Namibia in 2021, and employed 27 people at the Twin Hills Gold project in the Erongo region. The company released its sustainability report on Friday, saying in 2017 it invested N$444 million in Namibia for wages, drilling and geological […]<\/p>\n","protected":false},"author":84,"featured_media":33900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-33901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nOsino reports investing N$224,6m in Namibia in 2021 - Namibia<\/title>\n<meta name=\"description\" content=\"Regina Murphy THE Canadian mining company, Osino Resources, says it invested N$224,6m in Namibia in 2021, and employed ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Osino reports investing N$224,6m in Namibia in 2021\" \/>\n<meta property=\"og:description\" content=\"Regina Murphy THE Canadian mining company, Osino Resources, says it invested N$224,6m in Namibia in 2021, and employed ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-15T16:52:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-15T17:22:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_1668518558.34.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Osino reports investing N$224,6m in Namibia in 2021\",\"datePublished\":\"2022-11-15T16:52:15+00:00\",\"dateModified\":\"2022-11-15T17:22:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021\"},\"wordCount\":905,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_1668518558.34.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/osino-reports-investing-n2246m-in-namibia-in-2021\",\"name\":\"Osino reports investing N$224,6m in Namibia in 2021 - 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