Category: Mining
Tumas Investment Decision Delay Won’t Impact 2026 Production Start Plans
By: Staff Writer Deep Yellow has confirmed that delaying the final investment decision (FID) for its Tumas uranium project until March 2025 will not affect its plan to begin production in 2026. The decision, initially expected by the…
Drought and Lower Diamond Output Weigh on Namibia’s Primary Industries
By: Justicia Shipena The ongoing drought and reduced diamond production have significantly impacted Namibia’s primary industries, leading to a 4.4% decline in real value added during the third quarter of 2024. This marks a stark contrast to the…
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…
Mining and Quarrying PPI Records Quarterly Decline Amid Commodity Price Weakness
By: David Shoombe The Producer Price Index (PPI) for Namibia’s mining and quarrying sector recorded a 7.4% increase year-on-year, according to the Namibia Statistics Agency (NSA). However, on a quarterly basis, the sector experienced a slight decline, attributed…
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…