Category: Mining
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…
Namibia to Discuss Local Value Addition at Invest in African Mining Indaba
By: Dolly Menas Minister of Mines and Energy, Tom Alweendo, is set to discuss the importance of value addition to Namibia’s minerals for the nation’s economic growth at the ongoing Invest in African Mining Indaba 2024. Namibia’s panel discussion,…
Rossing Foundation to Invest N$2.4 Million in School Textbooks
By: Nghiinomenwa-vali Erastus The Rossing Foundation has committed N$2.4 million to provide science-related textbooks and learning materials to 18 schools across the country in this year. The first tranche of this commitment, totaling N$782,908, was recently distributed…
Ministry Refutes TotalEnergies ‘Shareholder’s’ Corruption Claims
By: Justicia Shipena The Ministry of Mines and Energy has strongly refuted allegations of corruption and favouritism in the country’s energy sector related to the handling of oil and gas exploration licences. This follows a letter, purportedly from…
Mining Sector Not Dominated by Chinese Investors, says Alweendo
By: Justicia Shipena Mines and Energy Minister, Tom Alweendo, has refuted claims suggesting that the mining sector is predominantly controlled by Chinese investors. Addressing the issue in a recent interview with Eagle FM, Alweendo dismissed the perception of…
Paladin Energy Gets N$2.8 Billion Loan to Restart Langer Heinrich Mine
By: Staff Writer Australian mining company Paladin Energy has secured a N$2.8 billion syndicated debt facility in preparation for the restart of the commercial production at its Langer Heinrich uranium mine in the Erongo region. The debt facility…
Over N$25 Billion Spent on Petroleum Imports Amidst Oil Discovery Excitement
By: Nghiinomenwa-vali Erastus and Joseph Jeremia Despite being among the top five African countries with high oil exploration demand, as per the 2024 State of African Energy Outlook, Namibia incurred a substantial expense of N$25.2 billion on petroleum…
Concerns Raised Over Uranium One’s Proposed In-Situ Leaching
By: Justicia Shipena The Stampriet Aquifer Uranium Mining Association (SAUMA) has raised serious concerns about potential violations of Namibian environmental laws in the Environmental Impact Assessment (EIA) process conducted for the in-situ leaching mining method proposed by…
Mining Sector Accounts for a Quarter of Namibia’s Electricity Consumption
By: Nghiinomenwa-vali Erastus The monthly Electricity Sectoral Reports from the Namibia Statistics Agency (NSA) reveal that approximately 25-26% of both locally generated and imported electricity is consumed by the mining sector in Namibia. This consistent trend has been…
Too Early to Predict Value of Nam Oil Discoveries – Economist
By: Hertha Ekandjo Namibia is yet to determine the cumulative volume of oil it will produce, despite announcing three major discoveries in recent years. Economist Abednego Katuushii Ekandjo who works for the Ministry of Mines and Energy explained…