Deep Yellow’s Tumas uranium project in Namibia is advancing steadily, supported by an initial capital investment of about N$7.55 billion. This comes as the company progresses development while awaiting favourable uranium market conditions. According to the company’s corporate update, the…
Mining And Energy
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Canadian energy company Critical One Energy Inc. has terminated its August 2025 purchase agreement with Dark Star Minerals Inc., regaining full ownership of its Namibian uranium assets. This follows a mutual decision by both companies to unwind the transaction. The…
Mining And Energy
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FRENCH energy major TotalEnergies is targeting a final investment decision in 2028 for its Mopane oil development offshore Namibia. Deputy chief financial officer Arnaud le Foll says the company’s exploration and business development activities in Namibia’s offshore basin have already…
Mining And Energy
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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
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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…
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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
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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…
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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
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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…
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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…
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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
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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…
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