SUBSIDIARY NAME
CENTRE FOR GEOSCIENCES RESEARCH CC
COUNTRY
Republic of Namibia
SECTOR/ INDUSTRY
MANUFACTURING
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
OCT 10,2022
ACQUISITION VALUATION
354 MILLION
TOTAL ASSET VALUATION
0.354 BILLION
INFRASRTUCTURE/MANFACTURING
CENTRE FOR GEOSCIENCES RESEARCH CC: The project promoters Mulife Cement Company Limited ) have identified an opportunity to construct an integrated cement plant in Namibia. The planned construction site is located within the licence area covering EPL 5653 at farm Kaalberg North about 5 km from the quarry. The territory is a hilly plain terrain with elevations of about situated in the southern plateau of Namibia at an altitude of approximately 900 meters above sea level with a territory has of over 20 square meters kilometres.
The planned capital projects such as a Hydrogen Economy in the south of Namibia will demand a huge amount of cement for industrialization. In addition expansion of existing Lüderitz port, lower Orange River dam and envisaged Oranjemund port are a few to mention that are realistic to establish Mulife Cement in Bethanie.