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Andrada Mining Secures N$175 Million Loan… plans 5MW Uis solar plant
By: Staff Writer Andrada Mining’s subsidiary, Uis Tin Mining Company (UTMC), has secured a conditional credit-approved funding agreement of N$175 million with Bank Windhoek, marking a significant milestone for the company’s expansion plans. This new loan agreement will replace UTMC’s existing banking facilities of N$111.3 million with Standard Bank Namibia, which were secured […]
Uranium Exploration Surges in Namibia’s Southern Regions
By: Nghiinomenwa-vali Erastus Namibia has of late been experiencing a surge in uranium exploration, with a notable uptick in licensing applications dedicated to the search for nuclear fuel minerals. This trend was revealed in a recent analysis conducted by Kuiri Tjipangandjara, a scholar specialising in water security and mineral engineering. Tjipangandjara, who boasts […]
Success of Local Content Policy Hinges on Namibian Entrepreneurs, Says Alweendo
By: Justicia Shipena Mines and Energy Minister Tom Alweendo stresses that Namibia’s oil and gas local content policies face a high chance of failure without locally minded, creative, and motivated entrepreneurs who are willing to invest in acquiring the skills necessary for success. Alweendo made these remarks while reflecting on his participation in […]
Andrada Targets 75% Revenue Increase With Ore Sorting Operation
By: Staff Writer Andrada Mining has initiated the implementation of an ore sorting circuit at the Uis mine to ramp up tin concentrate production from 1,500 t/y to 2,600 t/y. This move is expected to escalate revenue by 75% and lower the mining operation’s all-in sustaining costs. Ore sorting involves the separation of […]
Chinese Firm Acquires Dundee’s Tsumeb Smelter
By: Staff Writer A subsidiary of the China-based mining company Sinomine Resource Group has finalised the purchase of Dundee Precious Metals’ Tsumeb specialty smelter for N$917 million. The acquisition encompasses all associated assets and liabilities, achieved through the transfer of all issued and outstanding shares indirectly held by Sinomine. “We are pleased to announce […]
TotalEnergies Acquires New Exploration Licence for a Block in the Orange Basin
By: Staff Writer French energy giant, TotalEnergies and state-owned QatarEnergy, have secured participating interests in Block 3B/4B offshore South Africa, bolstering their footprint in the region. In anticipation of offshore exploration endeavours within this block, TotalEnergies and its partner, QatarEnergy, completed the acquisition from Africa Oil South Africa, Azinam, and Ricocure, aiming to […]
Namibia to Mirror Angola’s Oil & Gas Industry Approach
By: Staff Writer President Nangolo Mbumba says Namibia will adopt Angola’s model for oil and gas development. Mbumba made this declaration at the conclusion of his one-day official visit to Angola on Tuesday. The visit culminated in a tour of Sonangol Integrated Logistic Services (SONILS) at the Port of Luanda, where Mbumba familiarised […]
Madison Metals Encouraged by High-Grade Uranium Assay Discoveries
By: Staff Writer Uranium exploration company Madison Metals has recently unveiled promising assay results, indicating an average uranium oxide (U3O8), also known as yellowcake, content of 2.78% at Trench 6 in the Erongo region. This discovery follows closely on the heels of the company’s previous announcement regarding the uncovering of high-grade uranium […]
Russian Owned Company Accused of Drilling Irregularities
By: Justicia Shipena Russian-linked mining company, Headspring Investments has been accused of contravening drilling regulations that required the company to properly seal and grout numerous boreholes it drilled since 2012. Headspring Investments is a subsidiary of Uranium One which is controlled by Russia’s state-owned nuclear energy conglomerate, Rosatom. Headspring holds eight Exclusive Prospecting […]
China’s Yintai Gold Acquires Osino Resources for N$5.2 Billion
By: Staff Writer Chinese mining company Yintai Gold has emerged as the foreign entity that persuaded Osino Resources to abandon Dundee Precious Metals’ N$4 billion takeover offer in favour of its superior N$5.2 billion cash acquisition. Yintai Gold’s acquisition marks another significant Chinese presence in Namibia’s natural resources sector, joining Beifang at […]