The International Monetary Fund says the country’s outlook remains positive with considerable vulnerabilities and risks. “Growth is projected to resume in 2018, as mining production ramps up, construction activity stabilizes and manufacturing recovers, before converging to a long-term rate of about 3½ percent, below the average of recent years,” said …
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ExxonMobil has sold a stake on its petroleum explaration licence located on the Walvis basin to a Portugal based company. Galp has informed its shareholders on intentions to of farming-down a 40% interest in Namibia to an ExxonMobil subsidiary. Under the transaction, both Galp and ExxonMobil will hold a 40% …
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Deep Yellow has commenced a 10,000m RC drilling program on the Reptile Project within EPLs 3496 and 3497. The project under Reptile Uranium Namibia is to assess approximately 40km of the 100km of highly prospective palaeochannel system that has been delineated and remaining to be tested. This system includes the …
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Namdeb has announced that it’s seeking to secure long-term future for Elizabeth Bay Mine. Namdeb Holdings, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, today announced it is to seek a buyer for its Elizabeth Bay mine to secure its long-term future. …
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As cost saving trends surge in the mining industry, mines’ demand for pumps and pressure cleaners is expected to rise. “We expect similar interest from Africa, where we know less sophisticated equipment is available,” said Warwick Lorenz, Aussie Pumps Managing Director highlighting that the company is negotiating the licensed manufacture …
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CRONIMET Mining Power Solutions GmbH’s solar power plant will supply Midgard Country Lodge with clean energy. The power plant a property owned and operated by Ohlthaver & List (O&L) Leisure in the heart of Namibia went into operations last December. The plant will not only reduce Midgard’s electricity costs significantly, …
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Vedanta Zinc International subsidiary has delivered strong zinc production at Black Mountain in the Northern Cape and at Skorpion in Namibia in the last quarter of 2017. In addition, the company also reported that the $400-million Gamsberg zinc project was on track for first production in mid-2018. Black Mountain recorded …
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TAKRAF Group’s subsidiary TAKRAF Africa recently showcased advanced range of Tenova air environmental technologies at various client symposium in South America. The events were held in three cities – Lima (Peru), Santiago (Chile) and Belo Horizonte (Brazil) and were entitled “A Focus on Productivity”, with a specific focus on technologies, …
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Etango Project strongly progressed in the last quarter of 2017 buoyed by improved uranium market, Bannerman Resources the developer has said. “The December quarter yielded excellent improvements to the Etango Project’s projected economics with the Processing Optimisation Study confirming significant reductions in estimated capital costs and opportunities for operating cost …
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Hungarian company, Ganz Engineering and Energetics Machinery (Ganz EEM) and its South African partner, energy solutions provider Blue World Power Energy and Resources recently signed a contract to supply hydro-electric equipment for the installation of a small scale hydro-electric power plant at Mpompomo Falls, near Barberton in Mpumalanga. Alexander Merten, …
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Namibian Mining News The Professional Mining Journal
