Thursday , December 1 2022

Project

Electra Mining Africa 2022 roars back into life

Electra Mining Africa, the continent’s biggest exhibition, is back after a two year hiatus due to restrictions. As exhibitions and events are now re-opening globally, Electra Mining Africa will be going ahead as a live in-person event this year. This comes on the backdrop of several other exhibitions, having taken …

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DBSA and DBN fast-track TransNamib with N$2.6 billion

Development Bank of Namibia (DBN) and Development Bank of Southern Africa (DBSA) have confirmed a loan of about N$2.6 billion finance for TransNamib. The loan will be used for remanufacturing of rolling stock, acquisition of new rolling stock, modernisation of the TransNamib Workshop, upgrading of signalling equipment, including spares and …

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Renewed hope for renewables-powered hydrogen project in Africa

According to solar trade body the Africa Solar Industry Association (AFSIA), Plans for a huge renewables-powered green hydrogen project in Botswana and Namibia have been expanded fourfold, from 1GW of generation capacity to 5GW. The project, in Southern Africa, was among the examples cited by the trade body as evidence …

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Namibia exports increase to N$5.4 billion, Mining accounts for 70 per cent

Namibia Statistics Agency’s most recent trade statistics has revealed that mining production across various commodities boosted exports significantly in June 2021, with exports increasing by 14.1 per cent to N$8.6 billion, up from N$5.4 billion the previous month. According to the Statistics Agency, key commodities accounted for just over 70% …

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Nambia’s mining identified as critical in domestic economy

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 …

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Boosting local ownership, locals to hold 15% of licenses sold to foreigners

The Namibian Minister of Mines and Energy is empowered to approve an application submitted by a licensee for the transfer of mineral licenses, or the cession or assignment of interest in a mineral license, on the terms and conditions agreed by the Minister under section 47(2)(a) of the Minerals (Prospecting and Mining) Act, 1992 (Act no. 33 of 1992). In terms of the powers vested in the Minister under section 47(2)(a) of the Minerals (Prospecting and Mining) Act 1992 (Act No. 33 of 1992), the Minister has determined that as of 1 April 2021, applications submitted by Namibian license holders for the transfer of mineral licenses, or the …

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Deep Yellow to raise A$40.8-million in a share placement to fund its Tumas project

In a share placement to finance work on its Tumas project, in Namibia, and to advance targeted merger and acquisition opportunities, uranium explorer Deep Yellow will raise A$40.8 million. The company notified shareholders that it had obtained firm commitments from retail, advanced and skilled investors to subscribe to more than …

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Non-destructive testing (NDT) now offered by WearCheck

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 …

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Upskill your workforce with WearCheck training

Condition monitoring technology is advancing so fast that ongoing training for staff working in the machinery maintenance arena is essential in order to stay abreast of current trends. So says WearCheck’s technical manager, Steven Lumley, who plays an instrumental role in developing the company’s training schedule as well as ensuring …

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Mining set to benefit from Continental Free Trade Area

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 …

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