Chile’s SQM, the world’s second largest lithium producer, has entered into a three-stage earn-in agreement with South Africa-based Andrada Mining to jointly develop the Lithium Ridge asset (ML133) in Namibia. The deal, SQM’s first African partnership, will leverage the lithium major’s technical and financial strengths, aiming to accelerate the developmentContinue Reading
By Hilya Mhani In today’s fast-evolving digital landscape, the internet has become an integral part of our daily lives, offering enormous opportunities for learning, connection, and entertainment. For children, the digital world opens doors to endless possibilities, from educational resources to social interactions. However, with these opportunities come significant risks.Continue Reading
The first drums of uranium produced from the Langer Heinrich Mine (LHM) in March 2024 marked the mine’s return to commercial production—a rebirth that attracted total project expenditure of slightly above N$2.1 billion. Indeed, the return to commercial production was the culmination of an extensive work package that commenced inContinue Reading
Alongside uncovering new discoveries through active exploration programs, Elevate Uranium has distinguished itself via its wholly owned and patented U-pgrade™ beneficiation process, which it – and many market analysts – believe could be a game changer for uranium production and economics. Currently, the explorer has five drill rigs on theContinue Reading
The Ministry of Mines and Energy has been nominated for the Reformer and Change-Maker of the Year award at this year’s awards ceremony of the African Energy Week (AEW): Invest in African Energy. Taking place during the event week from November 4-8, the award ceremony recognizes the companies who areContinue Reading
In July 2019, the state-owned China National Nuclear Corporation (CNNC) and the multinational corporation Rio Tinto completed the handover of the Rossing uranium mine, officially taking over the project and bringing new vitality to the mine that was originally scheduled to be shut down. The Rossing project has now becomeContinue Reading
There was a notable change in Namibia’s top economic export destinations in July 2024 with the BRICS countries collectively emerging as the largest destination for Namibia’s exports, with a share of 28.2% of total exports, a Simonis Storm trade report released last week reveals. The Southern African Customs Union (SACU)Continue Reading
The uptake of overdraft has witnessed rapid decline on an annual basis, registering negative growth of 23.3% y/y in July 2024, a sharp contrast to the 6.8% y/y growth recorded in July 2023, as corporates focused on debt repayment. According to Simonis Storm, mortgage loans also continued to decline, whileContinue Reading
The Bank of Namibia has re-emphasised that on 30 September 2024, the determination on the conduct of Electronic Fund Transfers within the National Payment System also known as PSD-9 will become effective. In addition, the Directive on the Speed and User Fees and Charges of Common Monetary Area (CMA) TransactionsContinue Reading
Founder & Executive Director of the Namibia Youth Energy Forum (NYEF), Fanuel Shinedima has been awarded the Future Leader of the Year Award at the Global African Hydrogen Summit in Windhoek. NYEF aims to inspire, educate, and provide opportunities for young people to actively participate in the energy sector, drivingContinue Reading
