National

A forex trader, accused of defrauding 79 people of over N$4 million, will be going on trial in November.

In an emotional and tense meeting on Tuesday, words such as “leave our resources alone and go explore in your own countries” came out loudly from disturbed community members who are concerned with uranium exploration activities in Omaheke region.

The Skorpion Zinc mine and refinery in southern Namibia is currently under care and maintenance, which is a mining terms used to describe processes and conditions when a mine is closed, but where there is potential to recommence operations at a later date. 

Rössing Uranium launched its 45-year legacy book in Swakopmund earlier this month.

Nabirm is an oil and gas explorer focused on projects in politically stable and technically de-risked countries.  The company’s main focus in the immediate term is on exploration of the conjugate margin of the offshore Namibian continental shelf and onshore basins. 

A Russian company, Uranium One, exploring for uranium in the Omaheke region, continues to ruffle the feathers of local farmers. The company is expected to use the in-situ leaching (ISL) method to extract uranium.

A recent webinar hosted by the African Development Bank (ADB) brought together experts to examine how Africa can become a hub for manufacturing lithium-ion batteries to store energy and electrify the transport fleet.

Trevali Mining Corporation recently confirmed credit approval from Standard Bank of Namibia and Standard Bank of South Africa for a Senior Secured Financing Facility of US$110 million to fund the expansion of the company’s Rosh Pinah mine in southern Namibia. 

Standard Bank Namibia’s Corporate and Investment Banking (CIB) division recently confirmed a five-year agreement with AfriTin Mining.

While historically natural gas discoveries have vastly outnumbered liquids volumes, a reversal is expected in these results this year mainly due to two significant oil offshore discoveries in Namibia.