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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 …

Kim Schoepflin, CEO of Kwatani, says her company has a long history in Namibia and a strong footprint across various commodities there – including an established presence at this gold mine. It has worked with the engineering, procurement and construction contractor and the end-customer for two to three years on …

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 …

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 …

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, …

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 …