ASX-listed Deep Yellow has updated the ore reserve estimate for its Tumas uranium project, in Namibia, reporting an 18% increase to 79.3-million pounds of uranium octoxide (U3O8) at 298 ppm. This is sufficient for a 30-year life-of-mine and includes proved reserves of 28.4-million pounds at 287 ppm U3O8 and probableContinue Reading
Early works construction activities at Australia- and Namibia-listed Bannerman Energy’s Etango uranium project, in Namibia, are progressing well, with the 24-month bulk earthworks contract, awarded in August, proceeding on schedule. A critical enabler for uninterrupted delivery of the bulk earthworks activities is continuity of water supply on-site during the earlyContinue Reading
Following the May 2024 announcement of the Farm-Out Agreement for Block 2914A (PEL85), Offshore Namibia, Azule Energy announces that all customary third-party approvals from Namibian authorities and joint venture parties have been granted. With the completion of the transaction, Azule Energy holds officially a 42.5% interest in Block 2914A, locatedContinue Reading
By Ashante Manetti The festive season is a time for joy, reflection, and creating memories with loved ones. As this year draws to an end, it is also an opportunity to look beyond celebrations and start building towards the coming year. A sound financial plan for 2025 does not haveContinue Reading
Aldoro Resources has further confirmed the niobium potential of its Kameelburg project in Namibia. New assay results from a pre-drill sampling program have identified a direct line length of 190 metres, with samples returning an average grade of 0.70% niobium pentoxide. Other assays received have confirmed the entire 262m ofContinue Reading
By Kehad Snydewel Namibia has become a hotspot for oil and gas activities. A ‘boom’ seems just a matter of time, with major companies like Chevron and Halliburton recently opening offices in the country. The oil and gas sector are putting down roots, which is excellent news for Namibian companiesContinue Reading
Nedbank Namibia hosted its annual Long-service Award Ceremony at the Nedbank Campus in Windhoek earlier this month. The event honoured employees who had achieved service milestones ranging from 5–35 years, recognising their invaluable contributions to the bank’s growth and success. The ceremony brought together employees, executives, and special guests inContinue Reading
Following its light oil and gas-condensate discovery in the first well within its second exploration and appraisal program, Portugal’s oil and gas company Galp has started drilling another well in the Orange Basin, where oil discoveries were also made during its first campaign within license PEL 83 off the coastContinue Reading
With the signing of a new agreement, with the presence of their leaders, Cuba and Namibia are committed to the establishment of an Intergovernmental Commission to strengthen ties between the two nations. The signing ceremony was led by Miguel Diaz-Canel Bermudez, first secretary of the Central Committee of the CommunistContinue Reading
In the oil sector, Namibia recently gained attention due to significant discoveries in the offshore Orange Basin. Now, focus is shifting to the onshore Owambo Basin, where encouraging signs of oil and gas presence are emerging. Independent explorer Monitor Exploration Ltd (MEL) revealed on Tuesday, December 10, 2024, preliminary resultsContinue Reading
