By: Staff Writer   Osino Resources, a Canadian gold miner, has opted to turn down a recent takeover bid by Dundee Precious Metals in favor of accepting an offer from an undisclosed foreign-based mining company. In a statement released on Tuesday, Osino announced that its Board of Directors, in consultation with financial and legal […]

  By: Justicia Shipena   Petroleum Commissioner Maggy Shino is confident about the forthcoming final investment decisions regarding recent discoveries made by major players such as Total Energies, Shell, Galp, and the existing Kudu Gas field operated by BW Energies. Shino shared this optimism during the International Association of Drilling Contractors (IADC) Conference in Windhoek, […]

  By: Justicia Shipena   Mining Commissioner Isabella Chirchir has reiterated that developing countries should be allowed the autonomy to utilise fossil fuels for their developmental needs, without interference from developed nations. Chirchir delivered these statements at the Africa Mining Indaba in Cape Town, South Africa, as part of a panel discussion focused on critical […]

  Justicia Shipena   The Ministry of Mines and Energy has strongly refuted allegations of corruption and favouritism in the country’s energy sector related to the handling of oil and gas exploration licences. This follows a letter, purportedly from a TotalEnergies shareholder and addressed to the company’s Chairman and CEO, Patrick Pouyanne, which implicated key […]

    By: Justicia Shipena   Mines and Energy Minister, Tom Alweendo, has refuted claims suggesting that the mining sector is predominantly controlled by Chinese investors. Addressing the issue in a recent interview with Eagle FM, Alweendo dismissed the perception of Chinese dominance in the industry, asserting that such beliefs lack merit. Alweendo emphasised that […]

  By: Staff Writer   Australian mining company Paladin Energy has secured a N$2.8 billion syndicated debt facility in preparation for the restart of the commercial production at its Langer Heinrich uranium mine in the Erongo region. The debt facility was orchestrated through Nedbank Limited, operating via its corporate and investment banking division (Nedbank CIB), […]

  Justicia Shipena   The Stampriet Aquifer Uranium Mining Association (SAUMA) has raised serious concerns about potential violations of Namibian environmental laws in the Environmental Impact Assessment (EIA) process conducted for the in-situ leaching mining method proposed by the Russian-backed company Uranium One. SAUMA alleges that the environmental consultant responsible for compiling the EIA did […]

    By: Nghiinomenwa-vali Erastus   The Namibia Civil Aviation Authority (NCAA) is preparing for an in-depth aviation audit scheduled for March 16, 2024. In anticipation of the audit conducted by the International Civil Aviation Organization (ICAO), the NCAA has undertaken significant measures, including legislative amendments, regulatory enhancements, and regular stakeholder meetings. NCAA Managing Director, […]

  By: Nghiinomenwa-vali Erastus   The monthly Electricity Sectoral Reports from the Namibia Statistics Agency (NSA) reveal that approximately 25-26% of both locally generated and imported electricity is consumed by the mining sector in Namibia. This consistent trend has been observed throughout the year 2023, with miners consistently utilising a quarter of the country’s electricity. […]