By: Wonder Guchu Shell Upstream Namibia BV, a Shell Plc subsidiary, has awarded a contract to Northern Ocean Ltd. for the Deepsea Bollsta rig for work in a benign environment market. Northern Ocean Ltd (NOL) is an international drilling contractor to own high-specification offshore drilling units designed for harsh environments. Shell Namibia Upstream BV (Shell) […]
By: Wonder Guchu The High Court of Namibia will release a written judgement in the case where the Canadian company Deep South Resources is suing mines minister Tom Alweendo for refusing to renew theHaib Mine exploration and prospecting licence. The Haib copper-molybdenum mine lies in the Karas region in the exclusive prospecting licence 3140 (EPL […]
By: Wonder Guchu An International Monetary Fund (IMF) staff team that has been in Namibia since 20 September 2022 says the Namibian economy has started to recover. The team led by Giorgia Albertin said on Wednesday that Namibia’s real GDP growth reached 2.7 per cent in 2021 as mining activity rebounded and tertiary sector activities […]
By: Wonder Guchu It has taken Chevron 48 years to return to Namibia after abandoning the Kudu Gas project. This time Chevron has come through a farm-in deal for block 2813B in the Orange Basin off the Namibia shore. Online magazine Upstream reported on Monday that Chevron had agreed to pay US$100 million to enter […]
By: Wonder Guchu Namibia Critical Metals Inc. says their positive preliminary economic assessment shows the Lofdal Heavy Rare Earth Project in Namibia has the potential of producing a significantly larger annual run-of-mine and plant throughput of 2 million tonnes per year. The Lofdal heavy rare earth project is 450 km northwest of the capital city […]
By: Wonder Guchu Osino Resources co-founder and CEO Heye Daun says his company intends to fast-track the Twin Hills mine in Namibia through production, with the first gold output expected by the middle of 2025. Twin Hills gold mine is in the Erongo region, about 20 km from Karibib and 150 km from Windhoek. Daun […]
By: Wonder Guchu Graphite mining company Gratomic Inc. said they successfully transferred 730 tonnes from its Namibian mine Aukam near Luderitz to the run of the mine stockpile. Run-of-Mine stockpiles are essential components in the mining value chain because they can be used as temporary storage to balance inflow and outflow and provide an opportunity […]
By: Wonder Guchu Katoro Gold has entered into a binding conditional agreement to form a 50/50 unincorporated joint venture with Trans Namibia Mining and Minerals to undertake exploration/development activities on an iron ore project in Namibia. Until last week when the two companies signed the joint venture, Katoro Gold had two gold projects in South […]
By: Wonder Guchu Arcadia Mining has concluded a water and electricity supply agreement for Namibia’s Swanson Tantalum/ Lithium project. The project is located in the Karas Region in the southern part of Namibia, some 15 km north of the Orange River. Arcadia Minerals Ltd is a diversified exploration company targeting a suite of projects aimed […]
By: Wonder Guchu The mines ministry has approved the African Pioneer Mining license for Ongombo Copper Project, and the company intends to fast-track all activities to meet what is anticipated to be huge copper demand during the latter part of 2023. The Project will be a low-grade and low tonnage operation. Therefore, the mine will […]