For the second time in the last 24 years, Namibia Wildlife Resorts (NWR) recorded a profit in the 2022–23 financial year, signalling a transforming terrain for the parastatal that, before its first ever profit in 2019, had gone for nearly two decades without registering a profit. This time, the latestContinue Reading
Trigon Metals is going to look for opportunities to grow production from underground, which in turn should increase copper production and profitability, Rennie Morkel, President and Chief Operating Officer has said. Morkel was speaking subsequent to last week’s announcement that the miner achieved commercial production from the underground operations atContinue Reading
ReconAfrica President and CEO Brian Reinsborough has said that the company’s operations teams and contractors are working diligently to ensure they remain on schedule for a June 2024 spud of the high potential Naingopo exploration well, the first exploration well in the Damara Fold Belt. He said that the drillingContinue Reading
Namibia Asset Management Ltd. (NAM), has released its reviewed interim results for the six months ending March 31, 2024, showing a downturn in financial performance. According to information available from the Johannesburg Stock Exchange (JSE), the company reported an operating profit of N$6,850,217, down from N$8,341,603 for the same periodContinue Reading
Fisheries and Marine Resources Minister, Derek Klazen has moved to address challenges being encountered with ex-fishermen that were absorbed through the Governmental Employment Re-Dressing Programme (GERP) following their loss of employment in recent years. With the fishermen having written multiple petitions seeking redress of numerous issues, Klazen last week initiatedContinue Reading
Antler Gold has announced that its subsidiary, Antler Gold Namibia has signed a binding Letter Of Intent with Fortress Asset Management LLC, an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to 100% interest in the Company’s Erongo Central Gold ProjectContinue Reading
SNC Incorporated Managing Partner, Shakwa Nyambe delivered a presentation, titled “Namibia: Africa’s New Oil & Gas Frontier; A Scrutiny of the Business & Legal Aspects” at the recently concluded Africa Energies Summit 2024 in London, UK. In his address to international leaders and industry professionals at the Summit, Nyambe exploredContinue Reading
Chevron and Rhino Resources have filed environmental documents to support what will be two closely watched wildcatting operations offshore Namibia. The US supermajor and South Africa-based Rhino will fire-up exploration campaigns in the fourth quarter of 2024 or early 2025 on their highly promising acreage in the hydrocarbon-rich Orange basinContinue Reading
Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province. In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological mapping, along with ground scintillometerContinue Reading
Koryx Copper has announced that it has received commitments for CAD$2,000,000 (about N$26 million) proceeds pursuant to a non-brokered private placement for the sale of up to 16,666,666 common shares of the Company at a price of $0.12 per Share. The Offering is subject to TSX Venture Exchange approval, andContinue Reading
