Tristream Capital, a company that offers alternative financing solutions to mining companies in exchange for royalties on production, is planning to inject N$68 million into the Aukam graphite project in Namibia. According to project owner Gratomic, Tristream will receive a 5% royalty on graphite sales from Aukam. It was revealedContinue Reading
Arcadia Minerals has appointed Eugene Coetzee as project manager to oversee the construction of the Swanson tantalum mine, in Namibia. Coetzee brings more than three decades of hands-on experience in engineering and project management across diverse sectors, including mining and construction, highlighted by roles at notable operations such as DeContinue Reading
A high-ranking representative of the Namibian government recently met with the secretary of the Iran Nanotechnology Innovation Council (INIC), Emad Ahmadvand to discuss avenues to enhance cooperation between the two countries in nanotechnology, Business Express understands. Iran has made nanotechnology its priority in recent years, achieving remarkable success. Nanotechnology researchContinue Reading
In a remote corner of Namibia, near a ghost town that was once a diamond mining hub, a startup called Kelp Blue is trying to pioneer a new coastal industry. Offshore, the company is now growing a mini-forest of giant kelp attached to the ocean floor. In the morning, aContinue Reading
Tourism inflows continue their positive trajectory, with the national occupancy rate reaching 60.3% in May 2024, according to statistics released by Simonis Storm. This is the highest rate observed this year and the highest since October 2019, when the occupancy rate was 69.9%. “This milestone for the tourism industry surpassesContinue Reading
In the first quarter of 2024, Namibia’s imports of cereal grains were valued at N$587.3 million, an increase from N$518.3 million recorded in the corresponding quarter of 2023. According to the Namibia Statistics Agency (NSA), maize was the highest grain imported with a value of N$405.1 million, followed by wheatContinue Reading
The stock of international reserves stood higher at N$55.6 billion as at the 31st of May 2024, up from N$54.3 billion on the 31st of March 2024 supported by higher SACU receipts and customer foreign currency placements. According to the Bank of Namibia, at this level, the international reserves stockContinue Reading
Aim-listed Andrada Mining, which owns operations in Namibia, has announced a 14% quarter-on-quarter increase in saleable tantalum concentrate production to 9t for the quarter ended May 31, which is the first quarter of its 2025 financial year. In its quarterly operational update released on June 21, the company reported aContinue Reading
By Nangula Uaandja The world is well aware of the climate finance gap — the gap between the $100 billion currently annually committed by donor countries and the $2.4 trillion needed per year to fund the climate transition. Identifying solutions to mobilize capital is now vital and each part ofContinue Reading
B2Gold Corp. has announced the discovery of an initial Inferred Mineral Resource Estimate of 390,000 ounces of gold at the Springbok Zone, part of the Antelope deposit near their Otjikoto Mine in Namibia. This estimate, derived from extensive drilling and testing, has led the company to begin Preliminary Economic AssessmentContinue Reading
