Author: Staff Writer
Trigon Metalslists company’s shares on the OTCQB
By:Staff writer Jed Richardson, president and CEO of Trigon Metals last week provided an update on company activities and shared its plans for 2023 for its Kombat mine, some 37 kilometres north of Otavi as well asthe high potential Silver…
Haingura Drags WB Municipal Council In N$1.5 Million Lawsuit
By:Staff Writer Former Walvis Bay chief executive officer Muronga Haingura has dragged the Walvis Bay municipality council, former regional councilor Knowledge Ipinge and municipal employee relations officer Gertrude Usiku to court in a defamation law suit in which he isdemanding…
Shell, Total Appraisals Underway Off Namibia – Says Petroleum Commissioner
By:Staff writer Shell’s Jonker-1 exploration well is “going very well”, Namibia Petroleum Commissioner Maggy Shino said last week Thursday, highlighting the country’s potential. Shell and TotalEnergies made discoveries offshore Namibia at Graff and Venus in 2022. “I am proud to…
Gratomic Inks LOI With Graphex Technologies To Produce Natural Graphite Anode Material
By:Staff writer Gratomic Inc. has revealed that it has inked a non-binding Letter of Intent (LOI) with Graphex Group Limited and its US subsidiary, Graphex Technologies, a leader in the downstream processing of natural graphite used in electric vehicle (EV)…
Tower Resources To Raise Up To $6 Mln Via Share Placings
By: Staff writer Africa-focused energy company Tower Resources said it has completed an institutional placing of up to $6 million (N$102.4 million) from which proceeds will be used to fund work programme commitments for the company’s licenses in Namibia, South…
Fishrot Accused Await Supreme Court Appeal Ruling
By:Justicia Shipena The defence lawyers representing six fishrot accused in a bail appeal application at the Supreme Court in Windhoek argued the continued detention of the accused is unlawful and prevents them from having a fair trial. The six fishrot…
Paratus Plans Investing Multi-Million Dollars In Infrastructure Development During 2023
By:Staff writer Paratus Telecommunicationsis keen to invest a further N$280-million on a number of capex projects during 2023, which will bring the capital spent into infrastructure development to N$740 million since 2021. According to the company’s Chief Financial Officer Stefan…
Construction Sector Sees Fifth Straight Quarterly Decline
By:Staff writer The construction sector continues to face challenges after it recorded its fifth consecutive quarterly decline in the third quarter of last year, contracting by 10.0% year on year (y/y) in 3Q2022. According to Simonis Storm analysts, construction companies…
China-built Namibian Railway Renovation Project Completed
Staff writer The restoration of the railway line between Walvis Bay and Kranzberg at Arandis in Namibia, with a total length of nearly 110 kilometers, by a Chinese construction company was completed on last Tuesday. The project was undertaken by…
Record Production For B2Gold In 2022 Fourth Quater
By:Staff writer B2Gold’s Wolfshag underground mine in Otjikoto has helped the mining company report a new quarterly production record, with fourth-quarter output of 367 880 oz. According to the company, gold production from the Otjikoto Mine of 60,068 ounces in…