News

NEDBANK Namibia expressed willingness to finance the mining and resources sector, during the Namibian mining expo held in Windhoek recently. The corporate and investment banking mining and resources finance team shared insight on how the Namibian mining sector can position itself in the global context of direct foreign investments and …

South African equipments sales company Instrotech has on offer Kobold’s DTE series of digital temperature gauges. According to the company,  the  DTE series offers a wide range of industrial and analytical possibilities for applications where high accuracy and clear indication is required, and where alarm control and displayed messaging is …

De Beers’ rough diamond production for the first quarter of 2018 increased 15 percent to 8.5 million carats, reflecting the ramp-up of production from Gahcho Kué in Canada, which reached nameplate capacity in Q2 2017, and increased production from Orapa in Botswana in response to the sustained healthy trading conditions. …

Namibia Rare Earths Inc has increased private placement to Cdn$4,000,000, as the company raise capital to fund Kunene Cobalt-Copper. The development comes as a result of investor interest in the company. Rare Earths is increasing the non-brokered private placement previously announced in March from a maximum of Cdn$3,000,000 to a …

International diamond miner De Beers Group has announced intentions to pilot a programme called GemFair, to create a secure and transparent route to market ethically-sourced artisanal and small-scale mined (ASM) diamonds. The scheme GemFair will use dedicated technology to record ASM production at mine sites that meet demonstrable ethical standards, …

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 …

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% …

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 …

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. …

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 …