Bannerman Energy has announced an investment of around N$750 million to date on operations and exploration for its Etango uranium project in Namibia. Werner Ewald, the company’s Managing Director in Namibia, stated...
Oil major Shell has announced a strategic emphasis on thorough derisking measures before committing significant capital investments in Namibia's offshore oil and gas sector. Shell's CEO Wael Sawan said the company's cautious...
Northern Graphite says it is seeking equity financing to relocate its processing plant from Okorusu to Okanjande by 2025. The move follows the company's decision to scale back operations at Okorusu in...
Azule Energy, an Angolan energy joint venture between bp and Eni, has acquired a stake in Namibia's offshore Block 2914A located in the Orange Basin. This expansion into Namibia marks Azule's first...
Namibia exported N$1.7 billion worth of diamonds in March 2024, accounting for 20.4% of the total export value, which reached N$8.3 billion, latest figures show. According to the International Merchandise Trade Statistics...
Galp Energia says it invested approximately N$1.5 billion towards upstream projects in Namibia in the first quarter (Q1) of 2024. Galp (80% operator), together with its partners NAMCOR and Custos (10% each),...
Osino Resources Corp. (Osino) shareholders unanimously approved a deal to sell all outstanding common shares to Yintai Gold Co., Ltd. for C$1.90 per share. The approval further complements Yintai's N$5.3 billion cash...
Belgium has reaffirmed its commitment to working with Namibia on forging a long-term partnership in developing the clean energy sector, particularly in green hydrogen. King Philippe of Belgium said the partnership aims...
Namibian President Nangolo Mbumba has reached out to King Philippe of Belgium to address restrictions imposed by the G7 countries, which mandate that all gem producers must send their products to Belgium...
Namibian miners say water shortages and outages over the past four years have significantly impacted uranium mines which rely on water from Orano’s desalination plant and supplied by NamWater. According to the...
