Category: Mining
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…
Madison Metals Encouraged by High-Grade Uranium Assay Discoveries
By: Staff Writer Uranium exploration company Madison Metals has recently unveiled promising assay results, indicating an average uranium oxide (U3O8), also known as yellowcake, content of 2.78% at Trench 6 in the Erongo region. This discovery follows closely…
Russian Owned Company Accused of Drilling Irregularities
By: Justicia Shipena Russian-linked mining company, Headspring Investments has been accused of contravening drilling regulations that required the company to properly seal and grout numerous boreholes it drilled since 2012. Headspring Investments is a subsidiary of Uranium One…
China’s Yintai Gold Acquires Osino Resources for N$5.2 Billion
By: Staff Writer Chinese mining company Yintai Gold has emerged as the foreign entity that persuaded Osino Resources to abandon Dundee Precious Metals’ N$4 billion takeover offer in favour of its superior N$5.2 billion cash acquisition. Yintai Gold’s…