Category: Mining
Andrada Mining Records 83% Revenue Increase
By: Staff writer Tin and lithium company Andrada Mining has reported revenue of N$316 million (£17.9 million) in the 2023/2024 financial year. This is an 83% year-on-year increase from the N$173 million (£9.8 million) recorded in the previous financial…
Uranium One Could Create Over 4,000 Jobs, Says Leonardville CEO
By: Mathias Hangala The Chief Executive Officer of the Leonardville Village Council, Efraim Dawids, has projected that over 4,000 jobs could be created if Uranium One’s mining operations commences. In a recent interview with The Villager, Dawids mentioned…
Namibian Delegation Reflect on Visit to Russian and Kazakh In-Situ Mines
By: Dwight Links A delegation composed of Namibians, comprising of journalists, environmental specialists, and community representatives, recently visited the Dalur mine in Russia and the Karatau mine in Kazakhstan to gain insights into in-situ mining operations. The visits aimed…
Competition Watchdog Approves Sale of Osino Resources to Chinese Miners
By: Hertha Ekandjo The Namibian Competition Commission (NaCC) has granted approval for the sale of Osino Resources to Chinese mining group Shanjin (formerly known as Yintai). The C$368 million (N$4.8 billion) deal, announced in March, was contingent upon…
Madison Metals Secures Approval for Nuclear Fuels Extraction
By: Staff Writer Canadian mining company Madison Metals has received approval for nuclear fuels extraction at its active Mining Licence 86A, which is part of the Madison West project. This licence area also includes the former Khan Copper…
Appetite High to Explore Nam for More Minerals
By: Nghiinomenwa-vali Erastus Between December 2023 and July 2024, Namibia received more than 1,000 applications for mineral exploration licenses, with the government struggling to evaluate them all. This surge in applications demonstrates the increasing interest in discovering new mineral…
Oil Refinery Opportunities in Namibia Remain Open
By: Justicia Shipena Opportunities for establishing an oil refinery in Namibia are still open, with interest from various parties, according to Petroleum Commissioner Maggy Shino. Speaking at the 2024 Mining Expo and Conference, Shino addressed questions from Eagle…
Improve Strategic Infrastructure to Boost Oil and Gas Sector, Govt Told
By: Justicia Shipena The Namibia Petroleum Operators Association (Nampoa) has called for the urgent rehabilitation and expansion of local ports, railways, and vocational training facilities to improve efficiency in the country’s oil and gas sector. Speaking at the…
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…