Reconnaissance Energy Africa Ltd. (ReconAfrica) has successfully closed its public offering, exceeding its target by raising approximately C$38.8 million (N$514 million). This was achieved through a C$35 million underwritten public offering and...
Trigon Metals Inc. mined 97,525 tonnes of ore for the fiscal year ending 31 March 2024, exceeding its planned target for its Kombat Mine. This includes 85,365 tonnes from the open pit at a...
The National Petroleum Corporation of Namibia (NAMCOR) says it is looking to gradually increase its stake within oil and gas partnerships from the current 10%. This comes as the Parliamentary Standing Committee...
ReconAfrica has intensified its exploration activities in Namibia with the acquisition of over 5,000 square kilometres of enhanced full tensor gravity data. Additionally, the company has expanded its 2D seismic programme to encompass...
Deep Yellow Limited is undertaking a comprehensive review of the Tumas Project, including optimising mining sequences and the Tailings Storage Facility (TSF) schedule. The company’s Managing Director/CEO John Borshoff said the revision...
SRIMEX Metals and Minerals intends to establish a N$300 million copper processing plant east of Khorixas in the Kunene Region. The project is expected to significantly boost the local economy and employ...
Bannerman Energy has expressed increased confidence about the future of its Etango-8 Project, driven by the recent spike in uranium prices to a 15-year high of N$1,460 per pound (US$80 per pound)...
Brazil’s state-run oil firm Petrobras has revealed that it made a non-binding offer to buy a major stake in Galp Energia’s huge offshore oil discovery in Namibia. In April, Galp launched the...
Green Hydrogen Commissioner James Mnyupe says key equipment to operationalise some of Namibia’s green hydrogen projects is now being delivered. Giving an update, Mnyupe said Cleanergy Solutions Namibia has started receiving key...
The major players on the world energy production stage are well known, and particularly in the field of oil and gas, where most of them have been in the game for a...
