Oil and gas exploration company ReconAfrica has provided an updated prospective resource estimate of 22.4 trillion cubic feet (tcf) of undiscovered gas initially-in-place for the Damara Fold Belt gas play, located in Namibia’s onshore Petroleum Exploration License (PEL) 73 in the Kavango Basin. Announced on 27 June, ReconAfrica engaged independentContinue Reading
Offshore drilling contractor Northern Ocean has confirmed that one of its semi-submersible rigs, which TotalEnergies employed for multi-country operations, has arrived in Namibia and kicked off its drilling assignment. TotalEnergies picked the Deepsea Mira rig in December 2022 for its multi-country drilling campaign. The rig departed from Bergen, Norway, atContinue Reading
By Stephen Baard The average person on the street has had a difficult year as central bankers continued to battle stubbornly high inflation. This has resulted in rising interest rates with no end in sight. Equally, we have had to deal with a weak currency that has provided no reliefContinue Reading
By Sharon Kasote We frequently find ourselves caught up in a constant quest of success in the fast-paced and demanding world of work. Our mental and emotional health may suffer because of the pressure to perform, to meet deadlines, and accomplish goals. It’s critical to recognise that it’s normal toContinue Reading
Bank Windhoek’s Business Banking is committed to proactively engaging with Small and Medium Enterprises (SMEs) through information-sharing sessions demonstrating the Bank’s commitment to economic growth and stability. Bank Windhoek’s Manager of Emerging SME, Jenevieve Swartz, made this statement during the Bank’s SME information Session hosted in Windhoek on Friday, 23Continue Reading
By S M Asad Abbas In recent years, we have witnessed a remarkable technological advancement, with artificial intelligence and automation at the forefront of innovation. One of the most intriguing developments in this field is Robotic Process Automation (RPA), which is poised to revolutionize the way we work. RPA refersContinue Reading
Mining-focused investment adviser Appian Capital Advisory has acquired an 89.96% interest in the producing Rosh Pinah zinc/lead mine, located in the Kharas region in southern Namibia, from Trevali Mining. Rosh Pinah is an operating underground zinc/lead mine with a 2 000 t/d milling operation. Controlling ownership will enable Appian toContinue Reading
London-listed technology metals mining company Andrada Mining increased the tin concentrate production at its Uis mine, in Namibia, by 50% year-on-year to 359 t for the quarter ended June 30 – the first quarter of its 2024 financial year. This resulted in a 42% increase in contained tin to 216Continue Reading
Nedbank Namibia has announced the appointment of financial veteran, Sam Ikela, as the new Head of Small and Medium Enterprises (SMEs). With a significant span of a quarter-century working in the financial sector, Ikela is no stranger to the industry. His career, which took flight in 1998, has been aContinue Reading
Following its mining restart at its Kombat copper project in Namibia, Canadian copper producer Trigon Metals has said that it is expecting to ship its first copper concentrate this August. In an update to investors on mining operating costs for the open pit at Kombat Mine in Namibia, Trigon MetalsContinue Reading
