Category: Mining
Opinion: What Uranium One (Headspring Investments Rosatom) Means for Leonardville
By: Anton Geinub The Uranium One Group, a Russian company, is currently in the exploration phase for uranium mining in Leonardville, situated in the Omaheke Region. As the Chairperson of the Leonardville Youth Group and a young breadwinner for…
Global Demand to Negatively Impact Namibian Mining Sector
By: Staff writer Namibia’s mining sector will be negatively affected by weak global demand, particularly impacting growth for diamonds and zinc. This comes as global economic growth is projected to slow down to 3.2% in 2024, from 3.3% in 2023….
NDTC Pays N$2.8 Billion in Dividends Over 17 Years
By: Justicia Shipena The Namibia Diamond Trading Company (NDTC) has paid over N$2.8 billion in dividends to its shareholders since its inception in 2007. This figure was disclosed by NDTC Chief Executive Officer Brent Eiseb during the 2024 Mining…
Namibia Agrees to Join Angola’s Lobito Oil Refinery Project
By: Justicia Shipena Namibia has agreed to participate in the Lobito Oil Refinery project and is currently negotiating terms with Angola, Mines and Energy Minister Tom Alweendo announced recently. The Lobito Refinery, spearheaded by Angola’s state-owned Sonangol EP,…
Norwegian Energy Company Acquires 20% Stake in ReconAfrica’s PEL
By: Justicia Shipena A Norwegian based company called BW Energy has acquired a 20% interest in ReconAfrica’s Petroleum Exploration Licence 73 (PEL 73) onshore in Namibia. This followed the formation of a strategic partnership between the two companies. Under…
ReconAfrica Targets 3.1 Billion Barrels of Oil in Namibia’s Naingopo Well
By: Justicia Shipena Canadian oil and gas exploration company, Reconnaissance Energy Africa (ReconAfrica), is set to tap significant potential in its Naingopo well located northeast of Namibia. The anticipated yield from this exploration effort is estimated at 3.1…
Lithium Mine Workers Allege Unfair Dismissals Amid Safety Concerns
By: Juliana Iikela Former employees of Long Fire Investments and its joint venture company Xinfeng Investment at the Uis and Henties Bay Lithium mine claim they were fired after expressing dissatisfaction with their working conditions. Last year, the Mineworkers…
Maiden Drilling Program Confirms High-Grade Uranium Deposits
By: Justicia Shipena Canadian company Madison Metals Inc. has confirmed high-grade uranium deposits at its Khan Uranium Project in Madison West, located in Namibia’s Central Erongo Uranium province. Namibia is the world’s second-largest uranium producer and holds the…
Paladin Acquires 100% of Fission Uranium Shares
By: Hertha Ekandjo Paladin Energy Ltd, a Western Australian-based uranium production company that owns 75% of the Langer Heinrich Mine in Namibia, has announced its 100% acquisition of Fission Uranium Corp. Paladin and Fission entered into a definitive…
Xinfeng Completes Construction of its Lithium Plant in Namibian
By: Justicia Shipena Chinese mining company Xinfeng Investment (Pty) Limited has completed the construction of a lithium processing plant in Namibia. The announcement was made by Chinese Ambassador to Namibia, Zhao Weiping, during a recent media briefing. The plant’s…