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…
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…
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…