News

The International Monetary Fund has concluded that after years of exceptional growth, Namibia’s economy has entered an adjustment phase. “Growth is expected to turn slightly negative in 2017, compared to a growth of 1.1 percent in 2016, as large constructions in the mining sector have been completed and the government …

Weatherly International has promised its largest shareholder and debt provider Orion an improved production, amid uncertainties that continue to riddle the company. “The company will continue to strive to produce returns for Orion and all our stakeholders,” said. John Bryant, Weatherly Chairman. Bryant applauded the shareholders for the continued to support …

Bannerman, the developers of Etango Uranium Mine have successfully progressed through the initial test work phase of a membrane study at the Etango Heap Leach Demonstration Plant, the company announced. The study has validated the potential for further capital and operating cost reductions, to be confirmed in the DFS Update. …

GoviEx has been awarded the gold award as ‘Best Mining Project’ at the Africa Investment Forum and Awards (AIFA) in Paris, France. The AIFA is an event dedicated to Africa business opportunities in fields such as mining, energy, infrastructure, and real estate. The award is a result of rigorous judging …

British junior miner Gem Diamonds has announced recovery of high quality 202 carat diamond in Lesotho. According to the company the D colour Type IIa diamond from the Letšeng mine in Lesotho is the seventh diamond of over 100 carats to be recovered to date in 2017 from Letšeng. Letseng is the highest …

Debmarine has announced plans to construct the world’s largest custom-built diamond mining vessel. The new vessel projected to cost approximately US$142 million (N$2 billion), is expected to commence operations in 2021. According to De Beers, the ship will work alongside five other mining vessels in the Debmarine Namibia fleet, enhancing …

Government has granted Walkabout Resources a second Lithium exploration prospecting licence EPL6308, in the highly prospective and under-explored Orange River Pegmatite Belt. “The team has been working very hard at securing these premium unexplored licences with 27 kilometres of known pegmatite swarms running through them. Our intention is to assemble …

International diamond giant De Beers Group has announced nine regional finalists in this year’s Shining Light Awards. The award recognises emerging jewellery designers in Botswana, Namibia and South Africa, providing a valuable platform to build their careers in the jewellery design industry. The finalists, three from each country, were selected …

Montero has confirmed the presence of the soft silver-white metal in central Namibia. “Our first channel sampling programme has confirmed lithium,” Montero Chief Executive Officer Dr Tony Harwood said recently in a statement. The exploration and development company says demand for lithium, which is used in the rechargable batteries of …

Russia has intentions to strengthen its bilateral relation with Namibia and increase wheat trade between the two countries. “Russia has always been clear in its desire for stronger trade with Namibia but this appears not to have been realised to its full potential. “In May of this year, trade between …