News

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 …

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, …

Africa is yet to see anything close to a full return on its massive oil and gas resources. With one-third of the continent – almost 500 million people – still having no access to electricity, ending energy poverty across Africa is among the planet’s most urgent challenges. To address this, …

Namibia Critical Metals Inc. (NCMI) recently closed a non-brokered private placement to fund marketing and general corporate purposes. Under the placement a total of 8,333,333 units were issued at a price of $0.06 per unit, with each unit consisting of one common share and one warrant. Each whole warrant is …

Government has granted Bannerman Energy, the developers of the Etango uranium project, a mining licence.   The company has also awarded initial contracts for the mine’s early works program for the building of the temporary construction water supply and the site access road.   According to the company, the temporary …

The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during …

Caterpillar Inc. has successfully demonstrated its first battery electric prototype for an underground mining truck. According to the company, the development is added to the company’s growing portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company’s proving …

The African Development Bank has reiterated that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of …

State-owned utility Namibia Power Corp. (NamPower) has launched a tender inviting consultants to provide services for a range of renewable energy projects in the southwestern African country. The projects span PV, wind and BESS, and sit under the banner of the Namibia Renewable Energy Scale-Up Support Project, according to tender documents. …

China’s massive metals industry can only maintain its size using imported minerals, frequently from limited suppliers. As part of its Belt and Road Initiative, the country has actively invested in mining assets in Africa and Latin America and is beginning to engage in overseas refining and downstream facilities. Many countries …