Author: Staff Writer
Local Tourists are Increasingly Opting for Campsites
By: Staff Writer Namibians are increasingly turning to campsites for their tourism experiences as occupancy rates at hospitality establishments continue to dwindle, dropping to 23.1% last month from 24.9% in January and 33.0% in February 2023. The allure…
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…
Andrada Mining Plans Full-Scale Lithium Processing Plant
By: Staff writer Andrada Mining has initiated studies for a comprehensive integrated processing plant aimed at producing petalite concentrate alongside its tin and tantalum production operations. In November last year, the company commissioned a pilot project at its…
African Ports Missing Out on Surge in Conflict-Avoiding Ship Traffic
By: Staff Writer Logistics experts have highlighted that African ports, including those in Namibia, are failing to capitalise on the increased ship traffic steering clear of attacks by Houthi rebels in the Red Sea. The continent’s inefficient and…
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%…
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…
Chinese Firm Acquires Dundee’s Tsumeb Smelter
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…
Local Food Prices Show a Decline
By: Staff Writer Inflation rates across all regions of Namibia decelerated in February 2024, with the country’s annual inflation rate for the month standing at 5.0% year-on-year (y/y), down from 7.2% recorded in February 2023 and 5.4% in…
IUM Reaches New Heights, Says Namwandi
By: Staff Writer Founder and chairperson of the governing council of the International University of Management (IUM), Dr. David Namwandi, says that the institution has achieved unprecedented milestones in terms of its programs and student intakes. Speaking at…
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…