Company anticipates production of 305,000-315,000 tonnes this year, while cautioning that a “high degree of operational uncertainty remains.”

ICSG estimates a deficit of about 50,000 tonnes of copper this year and a surplus of about 70,000 tonnes in 2021.

Taranis’ Okohongo copper-silver deposit is situated within the Kaoko Belt of northwest Namibia.

IGF says the pandemic will have longer- term consequences on employment in the large-scale mining sector as a result of impacts on local suppliers and community economic activities, mining capex forecasts and current investments.

Production outlook for the mine was previously set at 340,000-370,000 ounces in 2020.

Company said its ore transport system fell at a shaft, resulting in some workers sustaining minor injuries and a halt in haulage.