While giving one of the most bullish forecasts yet for copper, a leading metals trader said copper could surge above a record to $12 000 a ton in 18 months on new demand from green initiatives. The bellwether material has already doubled since a nadir in March to reach a …
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Save Okavango’s Unique Life (Soul) have advised Namibia’s agriculture, water and land reform minister to work with other government ministries to introduce an immediate moratorium on Canadian oil and gas firm ReconAfrica’s current petroleum exploration activities in the Kavango region in Namibia. Save Okavango’s Unique Life (Soul), an alliance of …
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Old Mutual Investment Group Namibia has acquired a majority stake in a 5MW solar PV (photovoltaic) plant at Rosh Pinah in the !Karas Region of Namibia. The shares were previously owned by AEE Power Ventures SL, a Spanish energy company, which developed and constructed the plant. AEE Power has disposed …
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In a share placement to finance work on its Tumas project, in Namibia, and to advance targeted merger and acquisition opportunities, uranium explorer Deep Yellow will raise A$40.8 million. The company notified shareholders that it had obtained firm commitments from retail, advanced and skilled investors to subscribe to more than …
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The manufacturer of heavy duty mining equipment GHH has launched a remarkable LHD. It comes with the biggest bucket and the best power rating, for highest operating slope angles, in the seven tonnes payload class. All that combined in a super low emission, super compact package. The GHH team are …
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Tata International Africa has become the first company in Africa to introduce a best-in-class standard warranty of five years on its entire Medium, Heavy and Extra Heavy Commercial Vehicle range. This first-of-its-kind Pan African five-year warranty applies to the full range of Tata Trucks and Buses as well as Daewoo …
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Omnia Group company BME says South Africa needs to do more to benefit from the looming demand peak in ‘green minerals. Ralf Hennecke, General Manager, Technology and Marketing at Omnia Group company BME said mines have been very successful in containing COVID-19 infections, allowing most operations to return to almost …
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AfriTin has announced signing an inaugural offtake agreement with AfriMet Resources AG (“AfriMet”) for its future tantalum production, as well as an extension of its tin concentrate offtake agreement with an existing trading partner, Thailand Smelting and Refining Corporation (“Thaisarco”). AfriTin has concluded an offtake agreement with AfriMet, a strategic African commodity trading company. …
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The De Beers Company is on its way towards becoming a carbon-neutral diamond miner and marketer. By 2030, carbon neutrality at its mines in Botswana, Canada, Namibia and South Africa, as well as in its other activities around the diamond pipeline around the world, is expected to be reached by …
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The World Bank (WB) estimates, for instance, that production of minerals like graphite, lithium and cobalt could grow by 500 percent in the next three decades to meet demand for clean energy technologies. This comes on the backdrop that mining remains a vital part of a low-carbon future, a fact …
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Namibian Mining News The Professional Mining Journal
