The Development Bank of Namibia (DBN) has announced its achievement of an 86% compliance index (BB rating) for 2024, as awarded by the Association of African Development Finance Institutions (AADFI). This marks a significant improvement from the 82% score in the previous review, showcasing DBN’s steadfast commitment to governance excellence,Continue Reading
When most business owners think about insurance for their ventures, they automatically think about cover for their physical assets, such as buildings, stock, machinery or vehicles. The cost of replacing physical property is easily determinable through a valuation process. However, when it comes to estimating the financial fallout of anContinue Reading
In the mine’s continued quest to give back to the community they operate, Rössing Uranium this week donated N$1,25 million to the Ministry of Health and Social Services in the Erongo region for infrastructure upgrade and procurement of equipment at Swakopmund, Walvis Bay and Usakos district hospitals. In Swakopmund, theContinue Reading
In an ambitious plan to expand the mineral deposit, Golden Deeps has kicked off a new diamond drilling program targeting untapped extensions of its Nosib strata-bound copper-silver deposit in the northern Namibian province of Otavi Mountain Land. The Nosib deposit has already yielded promising results. Previous exploration defined a wideContinue Reading
Harmattan Energy, an indirect subsidiary of the U.S.-headquartered energy giant Chevron, has drilled an exploration well in the Orange Basin off the coast of Namibia, which did not yield any commercial hydrocarbon quantities. After Chevron’s affiliate got an environmental clearance certificate (ECC) from the Ministry of Environment, Forestry, and TourismContinue Reading
By Kehad Snydewel In the modern world, the pursuit of money has, to many, become an obsessive activity. There’s nothing wrong with that, as long as it’s done with a certain goal in mind. This topic recently came up and led to quite a discussion. It got me thinking. WeContinue Reading
Bezant Resources PLC has announced a fundraising of £560,000 (about N$13 million) to support pre-development expenses for its Namibian Hope & Gorob copper-gold project and general working capital. The fundraising involves a placement and share subscription at a price below the market rate, with directors participating as part of relatedContinue Reading
Aim-listed critical raw materials producer Andrada Mining reported a 15% year-on-year increase in contained tin production to 232 t for the third quarter of the 2025 financial year, ended November 30. The company processed 239 240 t of ore during the quarter, up 5% from the 228 234 t processedContinue Reading
Cape Town-based Rhino Resources has spudded its debut exploration well in Namibia’s prolific Orange basin, targeting a huge prospect that the country’s petroleum commissioner previously described as “amazing”. The privately-owned player, headed by chief executive Travis Smithard, operates Petroleum Exploration Licence (PEL) 85, just south of Galp Energia’s huge MopaneContinue Reading
ASX-listed Deep Yellow has updated the ore reserve estimate for its Tumas uranium project, in Namibia, reporting an 18% increase to 79.3-million pounds of uranium octoxide (U3O8) at 298 ppm. This is sufficient for a 30-year life-of-mine and includes proved reserves of 28.4-million pounds at 287 ppm U3O8 and probableContinue Reading
