Australian Securities Exchange (ASX) listed Noronex has received commitments to raise up to N$17.3 million (A$1.5 million) through a share placement to fund exploration at its Kalahari Copperbelt projects in Namibia.

Osino Resources has entered into an agreement with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund I, LP, with Nebari Gold Fund 1, LP as collateral agent and certain Osino subsidiaries as guarantors, for a credit facility of up to N$276.3 million (US$15 million).

 Namibia’s mining production targets for 2023 are under threat from the continued rise in fuel prices, the Chamber of Mines of Namibia has warned.

 Osino Resources has received a provisional confirmation from the Ministry of Mines and Energy for a 20-year mining licence for its Twin Hills gold project.

Namibia has provisionally agreed on a deal with the European Union (EU) to sell its rare earth minerals, critical to the renewable energy sectors, Mines and Energy minister Tom Alweendo has said.

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