Category: Mining
Walvis Bay To Receive Multi-Million Dollar Oil And Gas Academy
By:Hertha Ekandjo An Angolan oil and gas operational solution-providing company, Operatec, has partnered with Namibians in constructing a multi-milliondollar marine and industrial academy at the coastal town of Walvis Bay. The academy will be setup at an initial cost of…
Namibia Stresses Green Hydrogen Ambitions, Plans
By:Staff writer Namibia sought to become the sustainability hub of Africa and aimed to become the first carbon-neutral country on the continent. This was highlighted on Wednesday by Namibia Investment Promotion & Development Board executive director: investments and new ventures…
Nam’s Jan Export And Import Bill Results In N$2.9 billion Trade Deficit
By:Justicia Shipena The Namibia Statistics Agency (NSA) Namibia’s export and import bill for January 2023 resulted in the country’s trade deficit of N$2.9 billion, with exports standing at N$7.0 billion and imports at N$10.0 billion. The NSA bulletin showed that…
Bots Military Army Imports Contributes To Growth Of Walvis Port …as container exports and imports increase
By:Justicia Shipena The Namibian Ports Authority (Namport) has announced an increase in container exports and imports of various commodities in its February 2023 quayside bulletin. According to the abulletin, charcoal has shown a 39% increase in volume due to high…
KODO Drilling Receives Two New Rigs
Staff writer Emerging Namibian drilling contractor KODO Drilling has taken delivery of two Leopard DI650i surface drill rigs from global engineering company Sandvik Mining and Rock Solutions’ Namibia branch. The rigs – the first to be delivered to the country – will be put to work at an opencast gold mine, where KODO Drilling is undertaking…
Africa Oil Posts 2022 Financial Results After ‘A Very Positive Year’; Issues Reserves Statement
By: Staff writer Africa Oil Corp has released financial results for the three months and the year ended December 31, 2022, together with its 2023 management guidance, a drilling update on its offshore interests in Namibia and Nigeria, and, separately, its 2022 statement…
Demand For Supervisory Skills On The Rise, Notes Upskilling Firm
By:Staff writer Upskilling and empowerment company Dyna Training Namibia says there is an increase in demand for supervisory skills training in the country’s mining industry. Although its core clients focus on the gold and copper sectors, the company has recently…
Uranium Prices Improve
By:Staff writer Namibian Uranium Institute (NUI) Executive Director Dr Gabi Schneider says the local uranium sector has seen an increase of about 191% since the post-Fukushima low of $18.00 in October 2016. Schneider said this is evident that the sector…
Indian Govt Opposes Hindustan Zinc’s $2.98 Billion Deal For Vedanta Zinc Assets
By: Staff writer The Indian government has opposed Hindustan Zinc’s planned $2.98 billion acquisition of zinc assets from top shareholder Vedanta Ltd, amid concerns over valuations and the deal being a “related party transaction”. Vedanta’s sale of its zinc assets…
AEC To Establish Office In Namibia To Promote Local Content, Capacity Building
By:Staff writer With Namibia’s energy sector on the precipice of rapid transformation on the back of recent oil and gas discoveries, the African Energy Chamber (AEC) will establish an office in the country dedicated to promoting local content development efforts….