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Too Early to Predict Value of Nam Oil Discoveries – Economist
By: Hertha Ekandjo Namibia is yet to determine the cumulative volume of oil it will produce, despite announcing three major discoveries in recent years. Economist Abednego Katuushii Ekandjo who works for the Ministry of Mines and Energy explained that estimating volumes is challenging as the industry is far from achieving commercial production. He […]
TotalEnergies to Acquire Stake Worth N$1,8 Billion in Namibia’s Oil & Gas Sector
By: Staff Writer TotalEnergies is poised to increase its stake in Namibia’s oil and gas sector with a notable deal worth N$1.8 billion. The company is set to acquire a 45.25% interest in block 2913B, home to the Venus discovery, and a 42.5% interest in block 2912. This strategic move involves the purchase […]
Madison Identifies High-grade Uranium at Khan Project
By: Staff writer Madison Metals’s Khan project in Namibia has the potential to contain new high-grade uranium discoveries, says chairperson and CEO Duane Parnham. The project located southwest of the Rössing mine near Arandis and fast becoming a valuable asset to the Canadian-headquartered company, consists of mining licence 86A (ML86A) and exclusive prospecting licence 8905 […]
Mining and Agriculture Propel Namibia’s Q3 Economic Growth
By: Justicia Shipena Namibia experienced substantial economic growth in the third quarter of 2023, primarily driven by the mining and agriculture sectors, according to the Namibia Statistics Agency (NSA). The GDP report for Q3 2023, released on Thursday, reveals positive momentum in the nation’s economy, with a significant expansion of 38.3% in the primary industries. […]
Mines Ministry Revamps EPL System
By: Justicia Shipena The Ministry of Mines and Energy is undertaking a strategic overhaul of its licensing application process to address challenges emerging from the country’s burgeoning oil discoveries. The shift aims to streamline operations, ensuring more efficient and effective service delivery to the public. Over the years, the ministry has employed an open licensing […]
Uis’ Pilot Plant Yields 10t Lithium Concentrate
By: Staff writer Andrada’s Uis lithium pilot plant has yielded production of 10t of on-specification saleable lithium concentrate. The commissioning of London-listed technology metals mining company Andrada’s pilot plant, located adjacent to the main tin processing plant at its Uis mine, in Namibia, was completed in October. The production rate is expected to increase to […]
Either We Innovate Like Thieves Or Continue Being Bullied
By: Kandjengo kaMkwaanyoka Observing the descent of the Hercules Oil Rig into our waters to assess offshore wells triggers a cascade of thoughts within me. In this context, I would like to discuss how criminals and fraudsters have elevated their tactics to sustain their illicit economic activities more affectively at the expense of the entire […]
Uranium Surge: FNB Anticipates Mining to Drive Economic Expansion
By: Justicia Shipena FNB Namibia’s economist, Ruusa Nandago, believes that mining activities will continue to be a pivotal factor in propelling economic growth. The primary catalyst for mining growth, particularly in the year 2024, is predicted to be uranium, buoyed by a favourable uranium price environment. The anticipated resurgence of the Langer Heinrich Uranium mine, […]
Xinfeng Constructing a Lithium Processing Plant
By: Justicia Shipena Chinese mining company Xinfeng Investment (Pty) Limited says it is constructing a lithium processing plant in Namibia. Construction of Xinfeng’s lithium processing plant was first revealed by Chinese ambassador Zhao Weiping during a media briefing on Wednesday. The company last week confirmed the ambassador’s announcement saying the lithium plant, expected to be […]
Gold Refinery not Profitable in Namibia – B2Gold
By: Justicia Shipena B2Gold, a Canadian owned company, says it foresees difficulties making profit if it were to establish a gold refinery in Namibia in line with the country’s value addition aspirations. B2Gold’s country manager, John Roos, said: “To put up a refinery in Namibia is absolutely too costly, and there is no payback […]