Category: Mining

Opinion: What Uranium One (Headspring Investments Rosatom) Means for Leonardville
By: Anton Geinub The Uranium One Group, a Russian company, is currently in the exploration phase for uranium mining in Leonardville, situated in the Omaheke Region. As the Chairperson of the Leonardville Youth Group and a young breadwinner for…

Paladin Energy Lowers Uranium Production Targets at Namibian Mine
By: Justicia Shipena, David Shoombe Paladin Energy Ltd. has revised its 2025 production outlook for the Langer Heinrich Mine (LHM) in Namibia, lowering its target from the previously expected 4.0–4.5 million pounds (Mlb) of uranium oxide (U3O8) to…

Govt Lowers Expected Diamond Sector Revenue by N$2.3 Billion
By: Hertha Ekandjo The government has reduced its projected revenue from the diamond sector for the 2024/2025 fiscal year by more than N$2.3 billion, citing lower global diamond prices and weakened demand. Minister of Finance and Public Enterprises Iipumbu…

Langer Heinrich Local Spending Exceeds N$1.15 Billion
By: Justicia Shipena The Langer Heinrich Mine (LHM), has spent just over N$1,15 billion (US$61 million) over the past financial year, through the acquisition of local various products and services to strengthen its operations. This investment follows the…

UN Special Rapporteur Slams Russian Mining Project in Namibia
By: Justicia Shipena International water rights advocates have raised concerns over Russia-backed uranium mining in Namibia, warning of potential groundwater contamination. Headspring, a subsidiary of Uranium One under Russian state-owned Rosatom, holds mining exploration licences (EPLs) in Namibia…

Australian Company Joins Madison in Cobra Uranium Project
By: Staff Writer Australian firm Star Minerals has teamed up with Canadian mining company Madison Metals to advance the Cobra Uranium Project near the Rossing Uranium Mine in Namibia’s Erongo region. The project is estimated to contain 15.6…

Etango Uranium Output Can Power 8 Large Nuclear Reactors
By: Nghiinomnwa-vali Erastus Etango Uranium, a uranium mine under construction in the Erongo Region with the capacity to produce an annual output of 3.5 million pounds (Mlbs) of uranium oxide (U3O8) has the potential to power 7 to…

Without Mining, Namibia’s GDP Remains Stagnant Below N$131 Billion
By: Nghiinomenwa-vali Erastus An in-depth analysis of Namibia’s economic performance from 2015 to 2023 reveals that without contributions from the mining sector, the country’s economy has remained stagnant since 2015. The comparison, based on Namibia’s yearly Gross Domestic Product…

Mining Sector Set to Drive Green Industrial Revolution, Study Reveals
By: Justicia Shipena A new study underscores the pivotal role of Namibia’s mining sector in driving the country’s green industrialisation efforts. The report, presented at the Global African Hydrogen Summit, recommends leveraging Namibia’s mining capabilities to advance a unified…

ReconAfrica Boosts Balance Sheet, Cuts Costs by Nearly $1 Million
By: Justicia Shipena Canadian oil and gas company ReconAfrica has strengthened its balance sheet in recent months through strategic initiatives aimed at reducing costs and enhancing operational efficiency. In its latest quarterly financial report and first-ever sustainability report,…