News

Construction at the Swakop’s uranium mine Husab has been completed ahead of the projected full scale operations in August 2018. Zheng Keping the company’s Chief Executive Officer said workforce adjustments have also been made to ensure smooth production, despite controversies. Husab Mine started construction in 2013 with about 4 500 …

ASX-listed Bannerman Resources has announced intentions to update the definitive feasibility study (DFS) for Etango uranium project. The company said the development comes following the conclusion of the heap leach demonstration plant programme. According to the company the updated DFS will target capital and operating cost reductions, with the demonstration …

Auroch Minerals the developers of Karibib Lithium project has signed an option and joint venture deal for EPL 5751, as part of efforts to grow the project. EPL5751 is one of the company’s five existing Exclusive Prospecting Licenses in Karibib area. Under the new agreement, Dynamic Geo Consulting Services, Auroch …

The MUN says nationalisation of mines would ensure decent jobs, job security and maximum benefits to the country from its natural resources. The Mineworkers Union of Namibia’s Namdeb branch at Oranjemund has called on the government to consider nationalising mines in light of intended retrenchments of workers at the Skorpion …

Norwegian supplier of floating production services to the oil and gas industry, BW Offshore has confirmed involvement in the Kudu gas field as BW Kudu Limited, a wholly owned subsidiary of BW Offshore. BW Kudu Limited has entered into a Farm-Out Agreement for a 56% stake of the Kudu license …

According to BMI Research, a Fitch Group Company, the downside risk to the Namibian mining sector is the empowerment component of the New Equitable Economic Empowerment Framework (NEEEF) Bill. Fitch Ratings, a subsidiary of Fitch Group, last year adjusted the outlook on Namibia’s sovereign debt from stable to negative. Moody’s, …

The Namibian government recently announced the lifting of a 10-year moratorium on new applications for exploration licences on nuclear fuel minerals. The Ministry of Mines and Energy announced in a statement that it is withdrawing the reservation of any area in Namibia from any prospecting and mining operations in respect …

ASX-listed Bannerman Resources will update the definitive feasibility study (DFS) for its Etango uranium project, in Namibia, following the conclusion of the heap leach demonstration plant programme. “Our two-year commitment to the Etango demonstration plant programme has been a remarkable success. Not only have we consolidated Etango’s position as one …

Junior Auroch Minerals has continued to grow its Karibib lithium project, in Namibia, signing an option and joint venture (JV) agreement over a nearby exploration tenement. The company recently reported that the option and JV agreement, under which it could earn up to a 90% interest in a granted exploration …

Uranium miner Paladin Energy has warned shareholders of a delay in the completion of the sale of a 24% interest in the Langer Heinrich mine, in Namibia, to a Chinese company. The dual-listed firm is selling a 24% interest in Langer Heinrich to CNNC Overseas Uranium Holdings and up to …