Madison Metals has announced the termination of its uranium forward sales agreement with Sanmiguel Capital Investment an arm’s length financial advisory firm assisting with the administration of uranium tokenization. To date, only 2,130 pounds of U3O8 priced at US$68 per pound has been purchased from initial uranium token sales. MadisonContinue Reading
The City of Windhoek has submitted a tariff proposal of 10.4% average increase in electricity to the Electricity Control Board (ECB) for the 2024/25 financial year. This announcement was made during a tariff review presentation organized by the ECB in Windhoek today. City of Windhoek’s Strategic Executive for Electricity, O’BrienContinue Reading
Trustco Group Holdings Limited has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite oreContinue Reading
Green Enterprise Solutions (Green), a leading provider of Information and Communication Technology (ICT) has announced its participation as a Gold Sponsor at this year’s highly anticipated ICT Summit. The summit is scheduled to take place from 09 to 11 September 2024 in Windhoek. The Minister of ICT, Emma Theofelus, madeContinue Reading
Her Worship, Vanessa Stanley has been appointed a Chief Magistrate. Stanley was appointed on recommendation of the Magistrates Commission, effective 01 June 2024. Prior to her appointment as Chief Magistrate, Stanley served as Deputy Chief Magistrate: Training – tasked with the overall responsibility of the training component in the Magistracy.Continue Reading
Discover Airlines has boosted its Munich ops, adding flights to Windhoek, Orlando, Calgary from 2025, making it a top leisure hub. From March 2025, the airline will station two Airbus A330 aircraft in Munich. Already the leading leisure carrier at the hub, Discover Airlines operates five short-haul planes, providing approximatelyContinue Reading
The majority of TSX- and NYSE-listed Osino Resources Corporation’s shareholders have voted in favour of Chinese miner Yintai Gold’s buyout of Osino at a cash consideration of C$1.90 apiece. The companies are now working to obtain approvals from regulatory authorities in Namibia and China. Osino expects the C$368-million, or $272.3-million,Continue Reading
Namibia possesses the capacity to replicate Guyana’s achievements in the energy industry, according to NJ Ayuk, the African Energy Chamber’s chairman. Ayuk lauded the abundant geological resources of both nations in a recent discussion with Paul Hickin, editor-in-chief of Petroleum Economist. However, he emphasised the criticality of fiscal and regulatoryContinue Reading
BW Energy is in talks with other Orange basin players in Namibia about securing access to a drilling rig to accelerate exploration activities close to its Kudu gas discovery. The Oslo-listed junior operates Production Licence (PL) 3 which holds the 1.3 trillion cubic foot Kudu field that the company wasContinue Reading
At least 62% of Namibians, especially those living in rural regions, still rely primarily on cash for income and payments, Bank of Namibia Governor, Johannes Gawaxab has said. Despite Namibia’s significant progress in achieving financial inclusion, now estimated at 78%, these efforts have not translated into widespread benefits, particularly inContinue Reading
