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June 10, 2023
Mining (242)
Diamond sector applauded for youth development
June 09, 2023
The Deputy Minister of Mines and Energy has applauded the diamond sector companies, Diaman and The Namibia Diamond Trading Company (NDTC), for their continued efforts in youth development.
Iran accrues N$331m in Rossing dividend
June 08, 2023
The dividend owed to the Iranian government as part of its 15% stake in the Rössing Uranium Mine has increased to approximately N$331 million.
Andrada declares Namibia as the best place to mine
June 07, 2023
London Aim-listed tin, tantalum, and now lithium mining company, Andrada, which operates the Uis mine, says Namibia is the best jurisdiction in Africa in which to mine.
Langer Heinrich Uranium Mine (LHM) has commenced the Environmental Clearance Certificate (ECC) renewal process, a significant step towards resuming production.
Rössing Uranium recorded an after-tax profit of N$840 million in 2022, an increase from N$193 million in the previous year, according to the company's latest sustainability and performance report.
Andrada starts trading on OTCQB, NSX listing unaffected
June 05, 2023
Andrada Mining, an African technology metals mining company, has successfully listed its shares on the OTCQB, a US exchange.
The share price of uranium developer Paladin Energy returned to around 68 Australian cents a share on Friday, after the Namibian government clarified that it would not be taking any stakes in existing mineral or petroleum licence holders.
The Ministry of Mines and Energy on Thursday said that it has no plans to seize shares from existing mineral and petroleum license holders.
The Namibia Diamond Trading Company (NDTC) says since its establishment 16 years ago, it has facilitated the availability of over N$75 billion worth of rough diamonds to its sight holders for value-addition purposes.
Uranium developer Paladin Energy voluntarily halted the trading of its shares on Tuesday after investors wiped off 20% of its market value on the ASX.
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The De Beers Group contributed over N$12.5 billion to Namibia's tax revenue and economy in 2022, the company’s sustainability report has revealed.
Reconnaissance Energy Africa (Recon Africa) has announced that it has acquired additional data as part of ongoing exploration work in Namibia.
Andrada to conclude N$100m DBN loan facility
May 23, 2023
Andrada Mining says its N$100 million senior debt facility from the Development Bank of Namibia (DBN) is expected to reach a contractual close at the end of May 2023 with the potential first drawdown in June 2023.
HB Antwerp eyes Namibia rough diamond deal
May 20, 2023
Belgian gem processing firm HB Antwerp is seeking potential deals to process rough diamonds in African countries, including Namibia.