Category: Mining
Govt Wants Minimum 10% Free Carry Mining Shareholder
By: Nghiinomenwa-vali Erastus The Namibian government has communicated its intention to introduce a minimum 10% free carry shareholding in every mine, to be held by the state. According to the Chamber of Mines Annual Review for 2024,…
Zimbabwe to Ban Lithium Exports Starting 2027
By: Joseph Jeremia Zimbabwe is Africa’s top lithium producer, with 2.4 million tons of concentrate in 2024. The SADC nation plans to stop exporting lithium concentrate from January 2027. The goal of this move is to develop…
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…
Without Mining, Namibia’s GDP Remains Stagnant Below N$131 Billion
By: Nghiinomenwa-vali Erastus An in-depth analysis of Namibia’s economic performance from 2015 to 2023 reveals that without contributions from the mining sector, the country’s economy has remained stagnant since 2015. The comparison, based on Namibia’s yearly Gross Domestic Product…
Mining Sector Set to Drive Green Industrial Revolution, Study Reveals
By: Justicia Shipena A new study underscores the pivotal role of Namibia’s mining sector in driving the country’s green industrialisation efforts. The report, presented at the Global African Hydrogen Summit, recommends leveraging Namibia’s mining capabilities to advance a unified…
ReconAfrica Boosts Balance Sheet, Cuts Costs by Nearly $1 Million
By: Justicia Shipena Canadian oil and gas company ReconAfrica has strengthened its balance sheet in recent months through strategic initiatives aimed at reducing costs and enhancing operational efficiency. In its latest quarterly financial report and first-ever sustainability report,…
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…