Category: Mining
Paladin Energy Gets N$2.8 Billion Loan to Restart Langer Heinrich Mine
By: Staff Writer Australian mining company Paladin Energy has secured a N$2.8 billion syndicated debt facility in preparation for the restart of the commercial production at its Langer Heinrich uranium mine in the Erongo region. The debt facility…
Over N$25 Billion Spent on Petroleum Imports Amidst Oil Discovery Excitement
By: Nghiinomenwa-vali Erastus and Joseph Jeremia Despite being among the top five African countries with high oil exploration demand, as per the 2024 State of African Energy Outlook, Namibia incurred a substantial expense of N$25.2 billion on petroleum…
Concerns Raised Over Uranium One’s Proposed In-Situ Leaching
By: Justicia Shipena The Stampriet Aquifer Uranium Mining Association (SAUMA) has raised serious concerns about potential violations of Namibian environmental laws in the Environmental Impact Assessment (EIA) process conducted for the in-situ leaching mining method proposed by…
Mining Sector Accounts for a Quarter of Namibia’s Electricity Consumption
By: Nghiinomenwa-vali Erastus The monthly Electricity Sectoral Reports from the Namibia Statistics Agency (NSA) reveal that approximately 25-26% of both locally generated and imported electricity is consumed by the mining sector in Namibia. This consistent trend has been…
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…
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…
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…
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…
Uis Lithium Ridge Licence Area Produces High-grade Spodumene Concentrate
By: Staff writer Andrada Mining has produced high-grade lithium spodumene concentrate from mineralised pegmatite material, marking a significant turn in its exploration and development efforts. The discovery was sourced from its Lithium Ridge licence area, located about 35km southeast of…
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…