Andrada Mining has purchased TOMRA XRT sorters as part of its expansion plans at the flagship Uis Mine in Namibia. The sorters feature TOMRA’s latest innovation launched earlier this year at the Mining Indaba exhibition: the groundbreaking OBTAIN™ software that leverages Deep Learning to bring single-particle precision to high-throughput particleContinue Reading
Nedbank Namibia recently hosted its inaugural employee market day, which provided a platform for staff to showcase and sell their products and promote their services. The employee market day took place at Freedom Plaza next to the Nedbank campus. Employees from the various departments within the bank transformed the areaContinue Reading
Minister of Finance and Public Enterprises, Iipumbu Shiimi has been named as ‘Best African Minister’ by the prestigious African Banker Awards tonight in Nairobi, Kenya. The award was received by Deputy Minister of Finance, Honourable Maureen Hinda-Mbuende. The African Banker Awards are an annual event for African banking organised byContinue Reading
FirstRand Namibia Group, as Group entities, FNB Commercial and RMB have collaborated to sponsor the Africa Hospitality and Investment Forum (AHIF) with a N$500,000. Connie-Marlene Theyse, Head of Enterprise Banking at FNB Namibia said, “We are proud to partner with the Namibia Investment Promotion Development Board for the Africa HospitalityContinue Reading
In 2023, Bank Windhoek sold 142 properties through estate agents in northern Namibia valued at N$188 million. Bank Windhoek Executive Officer of Retail Banking Services and Specialist Finance, James Chapman, announced this substantial increase compared to properties sold at N$88 million in 2021. Chapman was speaking at the Bank WindhoekContinue Reading
Trigon Metals is going to look for opportunities to grow production from underground, which in turn should increase copper production and profitability, Rennie Morkel, President and Chief Operating Officer has said. Morkel was speaking subsequent to last week’s announcement that the miner achieved commercial production from the underground operations atContinue Reading
Namibia Asset Management Ltd. (NAM), has released its reviewed interim results for the six months ending March 31, 2024, showing a downturn in financial performance. According to information available from the Johannesburg Stock Exchange (JSE), the company reported an operating profit of N$6,850,217, down from N$8,341,603 for the same periodContinue Reading
Fisheries and Marine Resources Minister, Derek Klazen has moved to address challenges being encountered with ex-fishermen that were absorbed through the Governmental Employment Re-Dressing Programme (GERP) following their loss of employment in recent years. With the fishermen having written multiple petitions seeking redress of numerous issues, Klazen last week initiatedContinue Reading
Chevron and Rhino Resources have filed environmental documents to support what will be two closely watched wildcatting operations offshore Namibia. The US supermajor and South Africa-based Rhino will fire-up exploration campaigns in the fourth quarter of 2024 or early 2025 on their highly promising acreage in the hydrocarbon-rich Orange basinContinue Reading
Koryx Copper has announced that it has received commitments for CAD$2,000,000 (about N$26 million) proceeds pursuant to a non-brokered private placement for the sale of up to 16,666,666 common shares of the Company at a price of $0.12 per Share. The Offering is subject to TSX Venture Exchange approval, andContinue Reading
