Category: Mining
Andrada Mining Secures N$175 Million Loan … plans 5MW Uis solar plant
By: Staff Writer Andrada Mining’s subsidiary, Uis Tin Mining Company (UTMC), has secured a conditional credit-approved funding agreement of N$175 million with Bank Windhoek, marking a significant milestone for the company’s expansion plans. This new loan agreement will…
Andrada Mining Plans Full-Scale Lithium Processing Plant
By: Staff writer Andrada Mining has initiated studies for a comprehensive integrated processing plant aimed at producing petalite concentrate alongside its tin and tantalum production operations. In November last year, the company commissioned a pilot project at its…
Success of Local Content Policy Hinges on Namibian Entrepreneurs, Says Alweendo
By: Justicia Shipena Mines and Energy Minister Tom Alweendo stresses that Namibia’s oil and gas local content policies face a high chance of failure without locally minded, creative, and motivated entrepreneurs who are willing to invest in acquiring…
Andrada Targets 75% Revenue Increase With Ore Sorting Operation
By: Staff Writer Andrada Mining has initiated the implementation of an ore sorting circuit at the Uis mine to ramp up tin concentrate production from 1,500 t/y to 2,600 t/y. This move is expected to escalate revenue by 75%…
Andrada Targets 75% Revenue Increase With Ore Sorting Operation
By: Staff Writer Andrada Mining has initiated the implementation of an ore sorting circuit at the Uis mine to ramp up tin concentrate production from 1,500 t/y to 2,600 t/y. This move is expected to escalate revenue by…
Chinese Firm Acquires Dundee’s Tsumeb Smelter
Staff Writer A subsidiary of the China-based mining company Sinomine Resource Group has finalised the purchase of Dundee Precious Metals’ Tsumeb specialty smelter for N$917 million. The acquisition encompasses all associated assets and liabilities, achieved through the transfer of…
TotalEnergies Acquires New Exploration Licence for a Block in the Orange Basin
By: Staff Writer French energy giant, TotalEnergies and state-owned QatarEnergy, have secured participating interests in Block 3B/4B offshore South Africa, bolstering their footprint in the region. In anticipation of offshore exploration endeavours within this block, TotalEnergies and its…
Namibia’s Imports Surge by N$3 Billion
By: Hertha Ekandjo Namibia’s imports surged by N$3 billion, widening the country’s trade deficit by N$1 billion between December 2023 and January 2024, according to the Namibia Statistics Agency (NSA). The trade gap expanded after Namibia exported goods…
Angola’s Karam Seeks N$1 Billion Investment in Namibia … promises 350 job opportunities
By: Staff writer Karam, a diversified company with steel, nails, and pipes operations in Luanda and other regions of Angola, has expressed keen interest in investing in Namibia with a proposed investment totaling N$1 billion. The investment proposal…
Namibia to Mirror Angola’s Oil & Gas Industry Approach
By: Staff Writer President Nangolo Mbumba says Namibia will adopt Angola’s model for oil and gas development. Mbumba made this declaration at the conclusion of his one-day official visit to Angola on Tuesday. The visit culminated in a…