News

Northern Graphite Corporation has filed a technical report relating to the preliminary economic assessment (PEA) of Okanjande/Okorusu graphite project. The technical report, entitled: ‘Okanjande Graphite Project – Preliminary Economic Assessment Study Report’ has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects by CREO …

Areva’s announcement of its intent to sell its Erongo Desalination Plant has become a bone of contention for the mining communities in the Erongo Region as well as for Namwater, which by law, is the bulk supplier of water. Additionally, details of how a third desalination plant will fit into …

Namibia is considering taking minority stakes in mining and petroleum producers to reap more value from its mineral wealth, the African country’s mining minister told lawmakers, weighing on shares of mostly Australia-listed miners on Tuesday. Namibia is one of the biggest uranium producers in the world. It is also a …

The past two years have put into sharp focus the need to build economies that are resilient to shocks such as those brought about by global pandemics. Part of building resilient economies is ensuring that they are well diversified not only in terms of sources of growth but also in …

UK-based Andrada Mining has garnered $25m (£20.11m) from Orion Resource Partners’ Orion Mine Finance (OMF) to support its Uis mine in Namibia. The $25m includes a $12.5m funding package in unsecured tin royalties, $2.5m to acquire 30.5 million shares and a $10m unsecured convertible loan. Additionally, Andrada will issue OMF III …

On 4 April 2022, the copper price rose despite lingering demand concerns in top consumer China. Copper for delivery in May rose 2.3% from 1 April 2022’s settlement price, touching $4.790 per pound ($10,538 per tonne). Trading was sluggish as Chinese financial markets were closed for a public holiday, but …

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 …