Category: Mining
Madison Metals Encouraged by High-Grade Uranium Assay Discoveries
By: Staff Writer Uranium exploration company Madison Metals has recently unveiled promising assay results, indicating an average uranium oxide (U3O8), also known as yellowcake, content of 2.78% at Trench 6 in the Erongo region. This discovery follows closely…
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…
Uis’ Pilot Plant Yields 10t Lithium Concentrate
By: Staff writer Andrada’s Uis lithium pilot plant has yielded production of 10t of on-specification saleable lithium concentrate. The commissioning of London-listed technology metals mining company Andrada’s pilot plant, located adjacent to the main tin processing plant at its Uis…
Uranium Surge: FNB Anticipates Mining to Drive Economic Expansion
By: Justicia Shipena FNB Namibia’s economist, Ruusa Nandago, believes that mining activities will continue to be a pivotal factor in propelling economic growth. The primary catalyst for mining growth, particularly in the year 2024, is predicted to be uranium, buoyed…
Xinfeng Constructing a Lithium Processing Plant
By: Justicia Shipena Chinese mining company Xinfeng Investment (Pty) Limited says it is constructing a lithium processing plant in Namibia. Construction of Xinfeng’s lithium processing plant was first revealed by Chinese ambassador Zhao Weiping during a media briefing on Wednesday….