Category: Mining
Mining Sector Yields N$2.7 Billion in Profits
By: Justicia Shipena Namibia’s mining sector, in 2023, amassed a collective profit of N$2.731 billion. This marks a significant turnaround from the N$391 million loss reported in 2022. This was revealed by the Chamber of Mines of Namibia…
OPEC Ready to Support Namibia’s Oil Production Endeavours
By: Hertha Ekandjo The Organisation of the Petroleum Exporting Countries (OPEC) has expressed its readiness to support Namibia as it ventures into oil production. During the 6th Namibia International Energy Conference, OPEC Secretary General Haitham Al Ghais conveyed…
Investors Told to Ignore ‘Noise’ Surrounding Namibia’s Oil and Gas Sector
By: Justicia Shipena Minister of Mines and Energy, Tom Alweendo, has urged investors to disregard scepticism surrounding Namibia’s capabilities in the oil and gas sector. Speaking at the Namibia International Energy Conference held in Windhoek earlier this week,…
88% of NDTC Rough Diamonds Processed Locally
By: Nghiinomenwa-vali Erastus In 2023, the Namibia Diamond Trading Company (NDTC) disclosed that 88% of the rough diamonds sold had undergone full processing (polishing and cutting) within Namibia before export. This was revealed by NDTC’s Chief Executive Officer,…
Bannerman Seeks N$7 Billion to Finance Etango Project
By: Nghiinomenwa-vali Erastus Following the acquisition of a licence to extract its uranium reserve, Bannerman Mining Resources Namibia is now seeking approximately N$6.7 billion to construct the mine over the next 30 months. Werner Ewald, the company’s managing…
Madison Metals Identifies Drill Targets with Recent Results
By: Staff Writer Uranium exploration company Madison Metals has reported an expansion in the surface expression of radiometric D-type leucogranites, a promising rock formation prevalent in the area. Of notable importance is the increased surface expression of mineralized…
Bannerman Resources Aims for Early 2027 Commissioning of Etango Mine
By: Justicia Shipena Bannerman Resources’ Etango mine is on track for a 30-month construction phase, targeting commissioning by early 2027. Werner Ewald, Managing Director of Bannerman Resources, revealed this timeline during a press briefing on Wednesday, highlighting that…
Only About 10% of Exploration’s N$33 Billion Spent on Locals … local content policy still not finalised
By: Nghiinomenwa-vali Erastus Namibia’s burgeoning oil and gas exploration sector, which has attracted investments valued at over N$33 billion between 2021 and 2023, has raised concerns due to its limited contribution to local firms. Merely 10% of exploration…
Tweya Urges Namibia to Harness Uranium for Domestic Energy Production
By: Dwight Links The Chairperson of the Parliamentary Standing Committee on Natural Resources, Tjekero Tweya, has recommended that Namibia, being a significant uranium producer, capitalise on the resource beyond mere exportation. The parliamentarian emphasised the importance of understanding…
Namibia Critical Metals Sells Non-core Gold Properties
By: Staff Writer Canadian junior gold exploration company Sylla Gold has acquired four of Namibia Critical Metals’ non-core gold properties located in Namibia. As part of the acquisition, Sylla will issue Namibia Critical Metals 3,000,000 common shares at…