Namibia: Appian acquires copper project
Project could produce about 30,000 tonnes of copper a year over an about 15-year mine life.
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Appian Capital Advisory – the investment advisor to private capital funds investing in metals, mining, and adjacent industries – has acquired an 95% controlling equity interest in the Omitiomire copper project in Namibia.
The acquisition positions Appian to unlock an undeveloped copper deposit with the potential to produce about 30,000 tonnes of copper per year over an around 15‑year mine life.
Bringing the project into production is expected to require more than $400 million in development capital.
Michael W. Scherb, founder and CEO of Appian, commented: “Omico Copper is a technically robust development opportunity that aligns with Appian’s investment philosophy. The project complements our portfolio, offering near-term production alongside long-term growth potential. Our due diligence has demonstrated a clear path to strong cash generation and value creation through disciplined development and resource expansion. Namibia remains a trusted jurisdiction for Appian, and we look forward to delivering this project responsibly and efficiently for the benefit of all stakeholders.”
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