News

Otesa Civil Engineering, which was fined N$668,000 by the Oukwanyama Traditional Authority for illegally extracting sand at Ohailulu village in the Ohangwena region, has paid N$300,000. Otesa Civil Engineering made the payment on June 8, according to the proof of payment seen by the media. Efraim Weyulu, the Oukwan-yama senior …

Sandvik Mining and Rock Solutions have relocated its South African headquarters to brand new, purpose-built premises in Kempton Park, near Johannesburg, in a strategic move that it claims will consolidate its resources and further enhance its customer service. The state-of-the-art Khomanani facility includes three large workshop areas and office space …

According to Namibia media reports, Tom Alweendo, the Minister of Mines and Energy, is embroiled in yet another license glitch after being taken to court recently. David Shikwambi (83) accuses the minister of attempting to deprive him of two exclusive prospecting licences (EPLs) whose renewal had been denied. Deep-South Resources …

The past 18 months have torn through industry and sector globally, leaving behind complex layers of economic instability and financial growth uncertainty. For the oil and gas sector, these months have hit the bottom line like a hammer – as the African Energy Chamber (AEC) Africa Energy Outlook 2021 report …

Tulela Mining & Construction CC (“Tulela”) has been appointed as the open-pit mining contractor for Trigon Metals Inc.’s (TSX-V: TM) (“Trigon” or the “Company”) Kombat Mine in Namibia. Trigon and Tulela have agreed to begin equipment mobilization and site preparation in August 2021, with open-pit mining expected to begin in …

Due to robust demand and restricted supply, tin and aluminium prices are expected to outperform the rest of the basic metals complex in the second half of 2021, according to Antaike, a state-backed Chinese research agency. “Tin and aluminium are still much stronger than other metals, followed by nickel and …

Mining continues to be a significant contribution to Namibia’s economy, accounting for 10.1 percent of the country’s GDP in 2020. Despite the fact that the Covid-19 epidemic had a detrimental influence on several mineral sectors, mining was identified as a critical industry to support the domestic economy, which had been …

Osino Resources, a Toronto-listed mining company, has just released a preliminary economic assessment (PEA) for its Twin Hills gold discovery in Namibia, and it’s a beauty. What began as a near-hunch for CEO Heye Daun and his team has grown into the largest gold discovery in southern Africa in recent …

Authorities have resolved to keep the fuel pump prices unchanged for August The Ministry of Mines and Energy said petrol pump prices will remain at N$13.55 c/l and diesel prices will remain at N$13.58 c/l. In July under-recoveries of 91.236 cents/litre was recorded on petrol while 50ppm diesel recorded an …

By Glenn-Nora Tjipura The Canadian company Reconnaissance Energy Africa (ReconAfrica) on the 27th July announced that it has completed the previously announced acquisition of fellow Canadian explorer Renaissance Oil Corp. Renaissance is the onshore operator in Mexico with 100% working interest. Their shares are expected to be delisted from the TSX …