Category: Mining
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…
Osino Resources Rejects Dundee’s N$5.1 Billion Takeover Bid
By: Staff Writer Osino Resources, a Canadian gold miner, has opted to turn down a recent takeover bid by Dundee Precious Metals in favor of accepting an offer from an undisclosed foreign-based mining company. In a statement released…
Namibia Upbeat About Impending Energy Investment Decision
By: Justicia Shipena Petroleum Commissioner Maggy Shino is confident about the forthcoming final investment decisions regarding recent discoveries made by major players such as Total Energies, Shell, Galp, and the existing Kudu Gas field operated by BW Energies….
Mining Commissioner Calls for Unhindered Fossil Fuel Use for Development
By: Justicia Shipena Mining Commissioner Isabella Chirchir has reiterated that developing countries should be allowed the autonomy to utilise fossil fuels for their developmental needs, without interference from developed nations. Chirchir delivered these statements at the Africa Mining Indaba…
Madison Metals Confirms Discovery of High Grade Uranium
By: Staff Writer Upstream uranium mining company Madison Metals has made a significant breakthrough with the discovery of high-grade uranium mineralisation at its Khan project in Madison West, located in the Erongo region. The findings, including a surface sample showing…
De Beers Reports 4% Decrease in Namibia Diamond Production
By: Staff Writer Diamond producer De Beers has disclosed a 4% year-on-year (y/y) decline in its Namibian diamond production, amounting to 0.6 million carats, attributed to slightly lower grades at its land operations. This announcement coincides with De…