Category: Mining
The Untapped Potential: Addressing Namibia’s High Percentage Of Unprocessed Gemstone Exports
By: Justicia Shipena Trade Minister Lucia Ipumbu has expressed sadness over the fact that more than 90% of gemstones leave the country in their unprocessed form, depriving the nation of the economic benefits that could derive from value addition. Ipumbu…
400 Rössing Workers To Be Axed Next Year- Union Claims
By:Hertha Ekandjo and Matthias Hangala Around 400 workers of the Rössing Uranium mine will be retrenched come next year, according to the Mineworkers Union of Namibia (MUN). The company last month began offering its workers voluntary separation packages, until the…
Askari To Hit Namibian Lithium Targets After Raising N$46m
By: Justicia Shipena Askari Metals will accelerate lithium exploration at its Uis project after meeting the conditions for $2.5 million (N$46 million) in strategic equity investment by global battery materials supplier Huayou International Resources. Huayou will subscribe for 4.5 million…
Union Doubts Chamber’s Employment Figures
By:Mauricia Koopman The Mine Workers Union of Namibia (MUN) has expressed scepticism at the employment figures on the sector released by the Chamber of Mines. The Chamber, this week, released its annual report in which it indicated that total direct…
Namibian-Chinese Joint Venture To Build 50 MW Wind Power Plant
By:Staff writer Namibia’s power utility, NamPower, and CERIM Luderitz Energy, a joint venture between Energy China and locally owned Riminii Investments, on Monday signed power purchase and transmission connection agreements. This is to develop a 50 MW wind power plant…
Africa Oil Focuses Nigerian And Namibian Orange Basin Assets
The Canadian full-cycle upstream oil and gas company is maintaining its primary focus this year on its Nigerian and Namibian Orange Basin assets Africa Oil Corp is a top-tier performer with high-quality producing assets and a strong balance sheet. Equally important,…
Seibeb Calls On Lithium Factory To Be Established In Uis …says Namibia should impose moratorium
By: Justicia Shipena Landless People’s Movement (LPM) member of parliament Henny Seibeb has called for a community owned lithium factory to be established in Uis, with 60% shares. Seibeb also proposed the imposition of an embargo on the lithium industry….
MUN Rejects Rössing Mine Plans On Outsourcing Employment …says it could see 400 workers lose jobs
By: Justicia Shipena The Mineworkers Union of Namibia (MUN) has rejected the life of mine extension by Rössing Uranium. MUN expressed its dissatisfaction and unequivocal discontentment with the manner in which management of the uranium mine is handling the…
ReconAfrica To Explore New Play In Kavango Basin
By: Staff writer Reconnaissance Energy Africa Ltd. (ReconAfrica) has applied for drilling permits to explore a new play in the Damara Fold Belt in southern and western parts of exploration license PEL 73, Kavango basin, Namibia. The belt, initially identified…
Namibia Exports N$2 Billion Diamonds In Feb … Precious stones, fish help cut back trade deficit
By:Staff writer Diamonds were Namibia’s largest exported commodity at N$2.0 billion in February. This accounted for 24.7% of all exports for the month, and mostly destined to Botswana, Belgium and the United Arab Emirates. Overall exports increased by 3.8% from…