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Uranium Boom Loses Steam: Water Woes Threaten Namibia’s Nuclear Growth

Namibia’s ambitions of riding the rising tide of the global uranium market might be dampened by a familiar foe – water. The Bank of Namibia (BoN) has cast a shadow over the industry’s jubilant growth, predicting a significant slowdown in 2024 due to water supply constraints. This comes as a …

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Namibia’s Diamond Sparkle Fades Amidst Global Gloom

Namibia’s diamond industry, once a glittering jewel in the country’s economic crown, is facing a period of turbulence. A slowdown in global demand, coupled with potential new regulations, threatens to cast a shadow over the sector. Minister of Mines and Energy, Tom Alweendo, painted a sobering picture during his recent …

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OAR Makes a Power Play in Namibia, Expanding Uranium Footprint

Johannesburg – In a move that strengthens their position as a key uranium player, Oar Resources Limited (OAR) announced this week that they have secured a foothold in Namibia, a country synonymous with large-scale uranium production. This expansion marks a significant step for OAR, venturing beyond their current projects and …

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