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Oil Refinery Opportunities in Namibia Remain Open
By: Justicia Shipena Opportunities for establishing an oil refinery in Namibia are still open, with interest from various parties, according to Petroleum Commissioner Maggy Shino. Speaking at the 2024 Mining Expo and Conference, Shino addressed questions from Eagle FM about the progress of a potential oil refinery in the country. In May 2024, […]
Mineral Agreements Lag Despite Legal Requirements
By: Justicia Shipena Despite legal requirements under the current Minerals Act, only one mineral agreement has been established to date — between Namdeb and the Namibian government. According to Erasmus Shivolo, the Mines and Energy deputy executive director, Section 49 of the Minerals Act allows for a mineral agreement to be formed between […]
Global Demand to Negatively Impact Namibian Mining Sector
By: Staff writer Namibia’s mining sector will be negatively affected by weak global demand, particularly impacting growth for diamonds and zinc. This comes as global economic growth is projected to slow down to 3.2% in 2024, from 3.3% in 2023. The Bank of Namibia anticipates that uranium production will be constrained by strip-mining activities […]
Osino Expects N$5.1 Billion Competition Commission Decision in September
By: Staff Writer Osino Resources expects a final decision from the Namibian Competition Commission (NaCC) on its acquisition by Chinese firm Shanjin (formerly Yintai Gold) by early September. Currently, competition law clearance from NaCC remains the only outstanding approval needed to conclude the deal, with clearance expected soon. NaCC received the third of three […]
ReconAfrica Targets 3.1 Billion Barrels of Oil in Namibia’s Naingopo Well
By: Justicia Shipena Canadian oil and gas exploration company, Reconnaissance Energy Africa (ReconAfrica), is set to tap significant potential in its Naingopo well located northeast of Namibia. The anticipated yield from this exploration effort is estimated at 3.1 billion barrels of oil. On Monday, ReconAfrica, in collaboration with its joint venture partner, the […]
Only About 10% of Exploration’s N$33 Billion Spent on Locals … local content policy still not finalised
By: Nghiinomenwa-vali Erastus Namibia’s burgeoning oil and gas exploration sector, which has attracted investments valued at over N$33 billion between 2021 and 2023, has raised concerns due to its limited contribution to local firms. Merely 10% of exploration expenditure has benefitted domestic companies, with the bulk of investments flowing abroad. The oil and […]
China Denies Importing Raw Minerals from Namibia
By: Hertha Ekandjo China’s Industrial and Commercial Bank to Africa has denied claims that the Asian powerhouse has been importing raw minerals from Namibia, leaving the country with little to no tangible benefits for its people. The bank’s Deputy Chief Representative to Africa, Liu Jia, dismissed the claims and clarified that before reaching […]
Tweya Urges Namibia to Harness Uranium for Domestic Energy Production
By: Dwight Links The Chairperson of the Parliamentary Standing Committee on Natural Resources, Tjekero Tweya, has recommended that Namibia, being a significant uranium producer, capitalise on the resource beyond mere exportation. The parliamentarian emphasised the importance of understanding uranium’s potential contribution to Namibia’s energy development during his attendance at the Atom Expo in […]
Paladin Achieves Commercial Production at Langer Heinrich After Six Years
By: Staff Writer Uranium producer Paladin Energy has announced the successful commencement of uranium concentrate production and drumming at the Langer Heinrich Mine (LHM). Earlier in January, The Villager reported that the company secured a N$2.8 billion loan to restart commercial production at the LHM in the Erongo region. The mine had been dormant […]
Namibia Critical Metals Sells Non-core Gold Properties
By: Staff Writer Canadian junior gold exploration company Sylla Gold has acquired four of Namibia Critical Metals’ non-core gold properties located in Namibia. As part of the acquisition, Sylla will issue Namibia Critical Metals 3,000,000 common shares at a deemed issuance price of $0.05 per common share and pay Namibia Critical Metals N$1.3 […]