Mining And Energy

Mining And Energy


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Mines ministry says regulatory powers remain unchanged

Minister of industries, mines and energy Modestus Amutse says regulatory authority over mining and petroleum activities remains firmly within the ministry. He adds that final decisions on petroleum licensing continue to rest with the minister under existing legal provisions. Amutse…

Mining And Energy

Namibia to get first paste fill plant

ROSH Pinah Zinc (RPZ) and Appian Capital Advisory Limited have commissioned a new paste fill plant at the Rosh Pinah mine. This marks a key milestone in the RP2.0 expansion project as construction progresses beyond 85% completion. The companies say…

Mining And Energy

Aldoro strikes gold with N$17-million rig

ASX-listed Aldoro Resources Ltd has strengthened its exploration capabilities in Namibia through the acquisition of a Diamec Smart 8 fully hydraulic drill rig and associated equipment, valued at N$16.9 million.The acquisition will be settled through the issuance of 3.75 million…

Mining And Energy

Arcadia opens door to Swanson deal

Australian Securities Exchange-listed Arcadia Minerals Ltd has executed a binding term sheet valued at N$555 000 with Hongkong Xinhai Mining Services Limited. This is aimed at advancing the Swanson Tantalum Project in Namibia towards becoming a cashflow-generating operation while limiting…

Mining And Energy

88 Energy’s Namibian oil hunt extended for a year

The Ministry of Industries, Mines and Energy has extended 88 Energy’s PEL 93 licence until October, allowing for further geophysical surveys and prospect de-risking. The company says exploration work on its Namibian offshore portfolio is progressing as the joint venture…

Mining And Energy

SA firm seeks buyers for10% of Rössing Uranium

The Industrial Development Corporation of South Africa (IDC) has opened a public disposal process to sell its 10.2% equity stake in Namibia-based Rössing Uranium Limited, citing the end of its investment horizon. The IDC, a founding shareholder that invested in…

Mining And Energy

Australian company wants oil exploration extension

Pancontinental Energy NL has applied for a 12-month extension of its PEL 87 licence offshore Namibia as its current licence period has come to an end. The Australia-listed company says its wholly owned subsidiary, Pancontinental Orange Pty Ltd, acting on…

Mining And Energy

Andrada Mining converts N$50m debt into equity

Andrada Mining Limited has converted N$50.1 million of debt into equity, issuing 59 358 907 ordinary shares in a move aimed at strengthening its balance sheet without drawing on cash reserves. The conversion comprises a N$40.9 million loan provided by…

Mining And Energy

ReeXploration secures funding for 2026 uranium drill programme

Reexploration Inc has confirmed that its 2026 uranium exploration drill programme at the Eureka Project in central Namibia is fully funded and entering the execution phase. The Canadian-listed exploration company says capital is now in place, with detailed drill planning…

Mining And Energy

Gas planning crucialfor offshore success

Alvenco Advisory chief executive Tom Alweendo has warned that associated gas should not be treated as an afterthought if volumes from Namibia’s offshore oil discoveries prove to be significant. He stresses the need for early planning around gas handling, domestic…

Mining And Energy

Spotlight on six new power-generation projects

Namibia’s Ministry of Industries, Mines and Energy is reviewing the proposed approval of six new electricity generation facilities planned across the country. This follows a recommendation by the Electricity Control Board (ECB). The ECB has advised the ministry to approve…

Mining And Energy

Solar power lifts Otjikoto Mine as B2Gold nears 30% emissions target

B2Gold Namibia says it is closing in on its target of cutting greenhouse gas emissions by 30% by 2030, following the commencement of renewable power deliveries to its Otjikoto Mine under Namibia’s Modified Single Buyer framework. B2Gold Namibia country manager…

Mining And Energy