News

Oslo-listed seismic company SeaBird Exploration is set to expand into seabed mining on the Norwegian continental shelf. The company aims to spin off and separately list its marine minerals business, Green Minerals, during the first quarter of 2021. “Strategically and operationally it makes sense to develop the marine minerals business …

Advanced field services, transformer chemistry testing, reliability solutions – these are some of the extra services offered by condition monitoring specialists, WearCheck, in addition to traditional used oil analysis following recent expansion. The company’s advanced field services (AFS) division incorporates specialist monitoring techniques such as rope testing, technical compliance and …

Authorities at the Ministry of Mines and Energy has opted not to adjust fuel prices, despite the under-recoveries recorded over the past months However, its monthly fuel price review has concluded the need for an upward adjustment in local fuel pump prices due to the unfavorable exchange rate, for the …

The latest official trade statistics show that Namibia has increased its income from non-ferrous metal exports by 25.5 per cent to Belgium, China and Germany in the last quarter. According to the Namibian Statistics Agency (NSA), the Southern African Customs Union (SACU) was the largest import source for Namibia, accounting …

B2Gold has revealed that its decrease in 2021’s production forecast is attributable to lower expected production from Fekola in 2021 (as Phase 5 and 6 of the Fekola Pit are developed in the first half of 2021), partially offset by an expected overall 16% increase in production from Otjikoto. The …

Namibian political scientist and international relations specialist Dr Ndumba Kamwanyah says the recently consummated African Continental Free Trade Area (AfCFTA) would require more than just the signatures of the continent’s 55 political leaders to operate. While the operationalization of the AfCFTA was a historical moment for Africa, Dr Kamwanyah said …

The Ministry of Mines and Energy has resolved to keep countrywide fuel pump prices unchanged for January 2021, with N$11.38 per litre for diesel while the petrol price will remain N$11.35 per litre. The development comes despite the under-recoveries which were observed in the previous month. In addition, the authorities said …

An update was issued by Namibia Critical Metals with additional drill results from the Area 2B satellite deposit at the Lofdal Heavy Rare Earth Project in northern Namibia. Lofdal is a JV working under a Term 1 budget of CD$4,100,000 between the company and Japan Oil, Gas and Metals National …

The pre-feasibility study (PFS) for the 8Mtpa development of Etango Uranium project has demonstrated the strong technical and economic viability of conventional open pit mining and heap leach processing. The developers of Etango-8 have highlighted that PFS is on track. “The Bannerman team and our top tier consultants are making …

A holiday on royalty payments was granted to Namdeb, a joint venture between the government of Namibia and the De Beers Group diamond unit of Anglo American, the country’s mining ministry said on Friday in an attempt to save jobs in the shrinking industry. Since 1908, diamonds have been mined …