Galp seeks to sell stake in Namibia oil block
Portuguese company Galp Energia is reportedly planning to sell half of its stake in an exploration block offshore Namibia, where it has made a major oil discovery estimated to hold at least...
NDTC pays out N$2.8bn to shareholders since inception
The Namibia Diamond Trading Company (NDTC) has declared a total of N$2.8 billion in dividends to its two shareholders since inception. The company declared a dividend of N$100 million during the 2023...
Wia Gold secures N$208m to advance further growth at Kokoseb, Côte d’Ivoire projects
Wia Gold Limited says it raised N$208 million through binding placement commitments to advance the Kokoseb gold discovery in Namibia and broaden exploration activities at the company's Côte d'Ivoire projects. Wia said 211,250,000...
Namibia called to explore domestic uranium storage, nuclear power plant
Namibia has the potential to achieve energy independence by exploring domestic resources for power generation, a report by the Natural Resources, Economics and Public Administration says. The parliamentary report on Natural Resources,...
Galp and partners’ Namibia discovery may hold 10bn barrels
Galp Energia, leading a consortium with Namcor and Custos, estimates hydrocarbons in place at its Mopane complex alone at 10 billion barrels of oil equivalent or higher before drilling additional exploration and...
Shell in new Namibia oil discovery
Shell has successfully completed its latest deepwater drilling effort offshore Namibia, confirming the presence of hydrocarbons. The Enigma-1X probe is currently being drilled in Petroleum Exploration Licence 39 by Northern Ocean's semi-submersible...
Wia Gold boosts Kokoseb mineral resource estimate to 2.12 million ounces
Wia Gold says it has revised its inferred Mineral Resource Estimate (MRE) for the Kokoseb Deposit in Namibia, unveiling a notable increase to 2.1 million ounces at 1.0 grams per tonne (g/t)...
Trigon Metals announces new Namibia copper, silver discovery
Trigon Metals says it has discovered copper and silver during its exploration campaign at Schlangental, a key prospect within the wider Kombat property. The prospect is located within Trigon’s Kombat property, approximately 15km...
Parliament recommend Regional Electricity Distributors governance shift to SOEs
Members of Parliament (MPs) have recommended that the administrative governance of Regional Electricity Distributors (REDs) in Namibia be recognised as State-Owned Enterprises (SOEs). This comes in response to inefficiencies experienced under the...
Rail transformation key to Namibia’s green energy ambitions
Namibia is driving a transformative initiative to repurpose its rail assets as a catalyst for green industrialisation, an official has revealed. Green Hydrogen Commissioner James Mnyupe said the country aims to leverage its...