Namibia cuts fuel prices
Namibia’s Ministry of Mines and Energy has announced an 80 cents per litre decrease in the prices of petrol and both variants of diesel (diesel 50ppm and diesel 10ppm) for the month...
TotalEnergies extends Namibia oil rig contract
French supermajor TotalEnergies has extended the contract for the semi-submersible drilling rig Deepsea Mira, which has been conducting appraisal work offshore Namibia. The rig has been operating under contract in Namibia, carrying...
Andrada’s tin production soars by 139% in Q3
Andrada Mining has reported significant operational progress at the Uis tin mine in Namibia for the fiscal year's third quarter, ending in November, with tin concentrate production up 139% to 346 tonnes...
SDG Namibia One Fund reaches agreement for 24% stake in Hyphen Project
SDG Namibia One Fund has concluded a share subscription agreement with Hyphen Hydrogen Energy, following which the Fund will take up a 24% stake in the Hyphen green hydrogen project. SDG Namibia...
BoN and Ministry of Mines and Energy ink collaborative agreement
The Bank of Namibia (BoN) and the Ministry of Mines and Energy have signed a Memorandum of Understanding (MOU) to establish a framework for collaboration between the two institutions in areas related...
Namibia eyes 26 000 jobs from Green Hydrogen related industries, N$24bn in value
Namibia aims to create 26,000 jobs in the green industrial sector by 2030, as the government identifies eight companies as part of the Green Industrialisation Agenda. Industries identified include solar panel and...
Dundee Precious Metals to acquire Osino Resources in N$4 billion deal
Dundee Precious Metals Inc. (DPM) has announced its entry into a definitive agreement to acquire Osino Resources Corp., a gold exploration company developing the Twin Hills project in Namibia. Under the agreement,...
Mines ministry grants Bannerman Mining License for Etango Uranium Project in Namibia
The Ministry of Mines and Energy has granted a mining license (ML) to Bannerman Energy for its flagship Etango Uranium Project in Namibia. The grant notification and signed ML 250 documentation according...
Xinfeng Investments plans N$600 million Namibia lithium plant
Chinese company Xinfeng Investments Limited is set to invest N$600 million in the construction of a state-of-the-art lithium processing plant, scheduled to commence operations in early 2024. The facility, based on dense...
NamPower inks development agreement for N$400m Omburu Battery Energy Storage System
NamPower signed a contractual agreement on Wednesday with Shandong Electrical, Engineering, and Equipment Group Co. Ltd and Zhejiang Narada Power Source Co., Ltd JV for the development of the Omburu Battery Energy...