ARCADIA Minerals has doubled the mineral resource estimate (MRE) for its Swanson tantalum project, in Namibia. Arcadia on Friday told shareholders that a revision of the 2021 MRE had delivered a new indicated and inferred resource of 2.59 million tonnes, an increase of 115%, at an average grade of 486Continue Reading
RAND Merchant Bank (RMB), the corporate and investment banking business of FirstRand, yesterday announced that CEO James Formby would hand over the leadership to Emrie Brown, who would start in October. Brown as a female executive takes the role as gender equality in corporate leadership in South Africa is closelyContinue Reading
THIRTEEN Community Conservancies (CCs) in the Kavango-Zambezi (KaZa) landscape in northeast Namibia are currently benefiting from various interventions stemming from the Sustainable Wildlife Management Community Conservancy Project (SWM-CC) under the SWM Programme launched last year. The SWM Programme, in collaboration with the Government of Namibia, through the Ministry of Environment,Continue Reading
WITH Namibia’s burgeoning oil and gas sector set to take the spotlight during the continent’s premier energy event, African Energy Week (AEW) taking place from October 18-21, 2022, in Cape Town – James Mnyupe, Presidential Economic Advisor and Hydrogen Commissioner is set to attend and discuss the intersection of energyContinue Reading
Last week, the biannual Namibia Genetics Auction Group’s event, which was hosted at the Agra Bank Windhoek Ring in Windhoek, saw participating farmers achieve an average price of above N$60,000 for bulls and close to N$30,000 for heifers and cows. The auction facilitated the sale of 91 cattle, comprising 43Continue Reading
SIMONIS Storm Securities expects another 75bps hike in the repo rate before the end of 2022, which would lift the prime rate from 8.00% to 8.75%. In its recent meeting, the Monetary Policy Committee of the Bank of Namibia (BoN) raised its repo rate by 25 basis points from 4.00%Continue Reading
ECONOMIST, Theo Klein has offered to explain why the fuel price will be going down this week. His explanation is as follows: Withstanding the global oil terrain experienced over the past few months, the Ministry of Mines and Energy (MME) incurred an over-recovery of 31 cents per litre on petrolContinue Reading
THE Namibia Inter-bank Settlement System (NISS) continued to maintain high system availability throughout 2021 further recording a settlement milestone of N$1.0 trillion during the reporting year. This was revealed by the Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (NAMFISA) when they jointly released the annual NamibiaContinue Reading
CORPORATE taxes paid by the mining industry o government fell from N$2.2027 billion in 2020 to N$1.553 billion in 2021 due to the lower profits recorded, Hilifa Mbako, President, Chamber of Mines of Namibia has said. Mbako who was speaking at the mining industry review for yesteryear also revealed thatContinue Reading
Rössing Uranium increased its water storage capacity by 600,000³ with the completion and inauguration of six water reservoir tanks which came at a cost of N$100 million. The reservoirs assist in easing the pressure on the already existing NamWater infrastructure. Rössing said water is a key commodity in the operationContinue Reading
