News

Due to the large size and weight, this 9.5MW 11KV WEG electric motor has to be disassembled for shipment and reassembled on the offshore FPSO off the coast of Ghana. Africa is “hungry for electricity”, and electrical specialist Zest WEG is seeing growing demand from the oil and gas sector, …

The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks. A state-backed Saudi venture would buy stakes in mining assets worth $15-billion in African …

In a thrilling development, Namibia Critical Metals Inc. (NCMI) has announced a groundbreaking discovery during its infill resource drilling campaign at the “Lofdal 2B-4” heavy rare earth project in Namibia. This exciting revelation promises significant implications for the future of rare earth mining in the region. The infill drilling campaign, …

Namibia has emerged as a highly attractive E&P play, with a series of investors and project developers turning their attention to the high potential market. During the Invest in African Energy Forum in Paris, taking place ahead of the much-anticipated African Energy Week (AEW) conference and exhibition, scheduled for October …

GATE TO ENERGY The Westgate shopping centre is one of many projects being implemented by SolarSaver with the investment assistance of Bravura Having realised the potential of solar energy, independent investment and advisory firm Bravura aims to implement additional in-house capabilities to further develop and promote energy projects. “The decision …

Researchers at the University of Cape Town (UCT) are leading a concept study aimed at developing a mini-scale, environment-friendly process to extract pure zinc from polymetallic South African ore concentrates. Spearheaded by UCT Department of Chemical Engineering Professor Jochen Petersen, the study seeks to address several critical challenges faced by …

TSX-V-listed Deep-South Resources has closed the first tranche, for an amount of $265 447, of a recently announced nonbrokered private placement. The private placement is nearly fully subscribed, and the second tranche will close on or about September 20. The proceeds of the private placement will be used for further …

African technology metals mining company Andrada Mining is in the process of requesting the drawdown of a N$100-million, or about $5.8-million, facility from the Development Bank of Namibia (DBN). This follows DBN’s confirmation that all conditions have been fulfilled or waived and that financial close has occurred. Andrada expects the …

Cuban President Miguel Díaz-Canel’s recent visit to Namibia is capturing attention, with experts suggesting that Cuba is eyeing the African nation’s significant oil and natural gas potential. Namibia, which is expected to start oil production around 2029, has already attracted substantial investments from major multinationals such as Shell, Total, GALP, …

Vedanta Resources is considering appointing former Gold Fields boss and Anglo American executive Chris Griffith as head of its African base metals business, according to people familiar with the matter. Indian billionaire Anil Agarwal’s Vedanta owns zinc mines in South Africa and neighboring Namibia, which will form the base-metals portfolio …