Trustco Group Holdings Limited today announced the decision to implement a share consolidation, also known as a reverse stock split to international investors, following its recent announcement regarding the upgrade of its American Depositary Receipts (ADR) program. The board of Trustco has approved and recommended to shareholders for approval, theContinue Reading
The Namibia Youth Energy Forum (NYEF), the leading platform dedicated to empowering young Namibians in the energy sector has announced its expansion into Lüderitz. This strategic move marks a significant milestone in its mission to foster a new generation of leaders in Oil & Gas, Hydrogen, and Renewable Energy. FoundedContinue Reading
Starting September 1, 2024, Air Botswana will introduce direct flights to Namibia. This new service aims to improve travel options for passengers flying between Botswana and Namibia. The airline plans to roll out these routes in phases, concluding by November 1, 2024. The flights will operate from three key locations:Continue Reading
Madison Metals Inc. has announced that the Ministry of Mines and Energy of Namibia has granted permission for nuclear fuels extraction to the Company’s active Mining Licence 86A (“ML-86A”), the same licence within Madison West that hosts the past-producing Khan Copper Mine and the recent discovery of high-grade uranium intrusions.Continue Reading
GJEPC held a productive meeting with a delegation from the Namibia Diamond Board to explore potential collaborations and strengthen the diamond industry in both countries. The meeting, held at the GJEPC Head Office in Bharat Diamond Bourse (BDB) on 12th August, focused on addressing challenges faced by the diamond industry,Continue Reading
Gold miner B2Gold has stepped up its hunt for gold at its recently discovered Antelope deposit at the Otjikoto mine, drilling over 36 000 meters into the Springbok Zone to date, with 33 holes totalling 16,950 meters completed in 2024, to establish the 50 x 50 meter spacing that informsContinue Reading
London-listed minnow Tower Resources can breathe a sigh of relief after Namibia’s government, in keeping with tradition, took a flexible view on exploration terms and commitments the company originally made on its enticing acreage in the Walvis basin. This upbeat news — which had no impact on Tower’s share priceContinue Reading
Mines and Energy Minister Tom Alweendo has castigated naysayers against local value addition of Namibia’s critical metals, who in recent months have constantly said that Namibia’s push for local value addition diminishes its investment attractiveness. At the recently held mining expo and conference, Alweendo said that it was disconcerting toContinue Reading
…as primary sectors are poised for a drop in growth. Growth for diamond mining is projected to turn negative in 2024 on the back of reduced global demand and high base effects from 2023, the Bank of Namibia has said. Following a strong performance in 2023, the central bank saysContinue Reading
The National Petroleum Corporation of Namibia (NAMCOR) and its Board of Directors have announced the termination of the Managing Director, Immanuel Mulunga’s contract of employment, effective immediately. During a meeting held on 8 August 2024, the company said that the Board deliberated extensively on a case of misconduct relating toContinue Reading
