88 Energy Ltd has agreed a farm-in deal with a subsidiary of Monitor Exploration that expands the former’s footprint beyond Alaska’s North Slope and into Namibia. Specifically, it is set to earn up to a 45% non-operated working interest in the onshore Petroleum Exploration Licence 93 (PEL 93), which isContinue Reading
Oryx Properties, the largest property fund in Namibia, has partnered with RMB for the acquisition of Dunes Mall in Walvis Bay, in a landmark transaction worth N$630 million. This strategic deal sees Oryx expand its retail asset portfolio, with RMB providing debt funding of N$500 million to realise the acquisitionContinue Reading
The Netherlands-headquartered geo-data specialist Fugro has finished the fieldwork for an environmental and geophysical survey offshore Namibia, which was ordered by Galp, a Portuguese energy player. According to Fugro, the fieldwork was completed earlier this month and the survey reached depths of 2,000 meters. The company explains that its 72-meterContinue Reading
Most people are familiar with navigating via the map app on their phone. Where should I go? Drop a pin! Where are you? Send me your location! It’s very easy to simply grab your phone, add an address and let it guide you to where you need to go. ThereContinue Reading
By Shali Nanghala In our ever-evolving world, life’s unpredictabilities loom large. From global health crises to personal medical emergencies, we often find ourselves face to face with challenges that can profoundly impact our health and financial stability. In these uncertain times, the value of foresight and preparedness is unparalleled, andContinue Reading
Gold miner, B2Gold invested approximately N$45 million on exploration at the Otjikoto Gold mine in Namibia for the 9 months ending 30 September 2023, the miner’s financial results for the third quarter reveal. The exploration effort is despite plans to ramp down open-pit mining in about two years. Open pitContinue Reading
Toyota remains the leader in the Namibian automotive industry, accounting for 50% of total sales, a latest automotive report by Simonis Storm reveals. Volkswagen follows with a meagre 11% of the market share, while Ford accounts for 7%. “Consumer demand for Toyota vehicles outperform the market, mainly due to itsContinue Reading
Namibia Critical Metals told investors it has commenced the final phase of drilling for the pre-feasibility study (PFS) on its large-scale dysprosium-terbium Lofdal 2B-4 heavy rare earth project in Namibia. The final drill phase, which entails seven very deep reverse circulation (RC) boreholes for a total of 2,505 meters inContinue Reading
Old Mutual Namibia has officially launched its highly anticipated Rewards Programme. Mignon du Preez, the Group Marketing, Public Affairs, and Sustainability Executive stated that, “this is no ordinary programme; it is a path to a world filled with thrilling possibilities and unparalleled rewards. Every step Old Mutual Namibia customers takeContinue Reading
Dundee Precious Metals has said that complex concentrate smelted at its Tsumeb smelter in the third quarter of 2023 of 21,782 tonnes was 42,208 tonnes lower than the corresponding period in 2022 due primarily to the timing of the Ausmelt furnace maintenance shutdown, which was completed during the third quarterContinue Reading
