Developer of the Etango-8 Uranium project in Namibia, Bannerman Energy has started share trading on the OTCQX in the US, after having been upgraded from the OTCQB. The company, which will continue to trade under the OTC market symbol BNNLF, said on Wednesday that the approval to trade on theContinue Reading
Canada-based Osino Resources is contemplating a N$6.4 billion gold mine in Namibia, which will produce about 200 000 oz/y at an all-in sustaining cost of N$15 700/oz. This is according to the Twin Hills project prefeasibility study (PFS), the results of which were announced on Tuesday. The PFS calculated aContinue Reading
The environment ministry has accepted the scoping report of Renewstable Swakopmund, a green hydrogen power plant in Swakopmund, Erongo region being developed by HDF Energy. HDF Energy Namibia can now proceed with finalising the Environmental and Social Impact Assessment report. Once operational, the project will enhance local clean electricity generation,Continue Reading
…as 620 000 subscribers were set to be affected Telecom Namibia has managed to avert a major network crisis which would have resulted in 620 000 subscribers being affected by settling its matter with Nampower out of Court and withdrawing an interdict it had filed with the High Court last week. AtContinue Reading
SBN Holding’s non-interest revenue grew by 7.7%, continuing to grow above inflation levels to N$615 million attributable to good margins on trading revenue and growing use of digital channels, notably electronic banking and instant cash. This was revealed by the SBN Holding in its release of interim results for theContinue Reading
The Oryx Properties Board has approved Group’s strategy for the next three years until 2025, with the aim to grow the total asset base inorganically to N$4.5 billion, Ben Jooste, CEO of Oryx Properties has said. Announcing the Group’s annual financial results published on 2 September 2022, Jooste said managementContinue Reading
Deputy Minister of Mines and Energy, Kornelia Shilunga has expressed concern at how the future of jobs in the mining industry will be protected amid the growing influence of automation in the 4th industrial revolution (41R). Shilunga who was speaking at the opening of the Mining Expo and Conference lastContinue Reading
The Environmental Investment Fund of Namibia (EIF) in conjunction with the Erongo Regional Governor Nevile Andre Itope and the Ministry of Agriculture, Water and Land Reform has handed over Reverse Osmosis Units installed at the three community water points, namely Farm Vrede, Goiegeluk Pos and Santamab Pos in the ErongoContinue Reading
AfriTin CEO, Anthony Viljoen has said that having previously announced that the terms of their proposed N$100 million lending facility with the Development Bank of Namibia had expired at the end of July 2022; the Company has now extended the terms such that completion is anticipated around the end ofContinue Reading
The Metrology Bill which will repeal the Trade Metrology Act of 1973 and the 2005 Trade Metrology Amendment Act once promulgated has sailed through the National Assembly and has been referred back to the Ministry of Industrialisation and Trade with minor grammatical corrections. This was last week revealed by IndustrialisationContinue Reading
