Andrada mining’s cash and cash equivalent balance on 28 February 2023 was US$10.3 million (nearly N$200 million) which the company says provides sufficient capital to execute its near-term capital commitments for its lithium pilot facility and tantalum circuit, whilst in the interim the various conditions precedent for the additional financingContinue Reading
Trustco Group Holdings (Trustco) has announced that the Johannesburg Stock Exchange (JSE) has lifted the suspension on the trading of Trustco shares, effective immediately. The trading of Trustco shares on its secondary markets in Windhoek (NSX) and New York (OTCQX) has also commenced. This follows the publication of Trustco’s restatedContinue Reading
…as demand for weaners in South Africa lowers Live Cattle Exports declined by 1 503 heads from the January level of 9 840 to 8337 heads in February, the Meat Board of Namibia has said in its monthly market watch bulletin. On the other hand, export abattoir slaughter increased byContinue Reading
The Bank of Namibia (the Bank) has announced the launch of Namibia’s firstever Automated Regulatory Reporting System, available to regulated and supervised entities licensed by the Bank to conduct banking, currency exchange, and payment service provision activities from 01 February 2023. The acquisition of the system comes at a timeContinue Reading
Government has cast its net on the benefits it intends to derive from the hugely anticipated green hydrogen endeavour, with a draft local content policy having been finalised amid stakeholder engagements to frame a Synthetic Fuels Act. This was last week revealed by Carlo McLeod, Deputy Director, Compliance, Regulations andContinue Reading
Deep-South Resources has announced that the High Court of Namibia has rendered its judgment and reviewed and set aside the decision of Mines and Energy Minister, Tom Alweendo not to renew the Haib Copper licence EPL 3140. The effect of the order is that the Minister must resume the licenceContinue Reading
Fisheries and Marine Resources minister, Derek Klazen has dissected the Seal conundrum which to date has had an increasing and devastating effect on the sustainable harvesting of Namibia’s fish stocks. At independence in 1990, Namibia was estimated to have had a Seals population of approximately 350, 000 individuals. At presentContinue Reading
..as MV Costa Deliziosa docks at the Port of Walvis Bay today The Namibian Ports Authority will be welcoming guests from the MV Costa Deliziosa today at the Port of Walvis Bay. The Costa Deliziosa which will be on her maiden call has a carrying capacity of 2,260 passengers .TheContinue Reading
Research firm Simonis Storm has said that the outlook for the local fishing sector has changed from relatively flat to negative in 2023 and this is mainly as a result of on-going illegal fishing by Angolan companies in Namibian waters according to industry contacts. “This has negatively impacted Namibia’s stockContinue Reading
Upskilling and empowerment company Dyna Training Namibia has noted a marked increase in demand for supervisory skills training in the country’s mining industry. Although its core clients focus on the gold and copper sectors, the company has recently started engaging with clients in the uranium and zinc sectors. “Mining housesContinue Reading
