Paladin Energy’s top boss says its takeover of Fission Uranium Corp would make it the third-largest publicly traded uranium producer, offering investors an alternative in a sector dominated by two giants. Paladin would churn out 10% of global uranium output after combining production of its Namibian mine with Fission’s CanadianContinue Reading
Madison Metals Inc. has announced that the Ministry of Mines and Energy of Namibia has granted a licence for base and rare metals, industrial minerals, and nuclear fuels for Exclusive Prospecting Licence 8905, which lies at Madison West within Mining Licence 86A, the same licence area that hosts the KhanContinue Reading
The multinational Criminal Police Organisation (INTERPOL) says it has dismantled a sophisticated multinational scam network, with some of its key masterminds having operated from Namibia. Operation First Light, which targeted phishing, investment fraud, bogus online shopping sites, romance fraud, and impersonation frauds worldwide, busted the suspected network operating from Namibia’sContinue Reading
The Financial Intelligence Centre (FIC) Chairperson of the Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation Council, Johannes !Gawaxab has urged the FIC, accountable institutions, and the entire financial sector to proactively establish the requisite capabilities for mitigating the introduction of new forms of financial crimes. !Gawaxab whoContinue Reading
Bornventure Mbidzo, acting CEO of the Namibia Tourism Board has said that people must come to Namibia as tourists and fall in love with country before they’re willing to do business there. Owing to this, Mbidzo said these people which could be investors will find the need to invest inContinue Reading
Oslo-listed offshore drilling rig owner Northern Ocean has secured a contract with a subsidiary of a major oil and gas operator for its Deepsea Bollsta semi-submersible drilling rig, which will be put to work offshore Namibia. The one well contract duration is estimated at 63 days and will likely startContinue Reading
…as 145 companies have already booked for Expo participation The Chamber of Mines has announced the upcoming 11th Mining Expo & Conference, scheduled for August 7th and 8th, 2024, at the Windhoek Showgrounds. This year’s event is proudly sponsored by RMB, a leading financial services provider to Namibia’s mining sector.Continue Reading
Australian company Gibb River Diamonds has acquired two uranium projects in Namibia, comprising six exclusive prospecting licences covering 1 828 km2. The company, which is also developing the Ellendale diamond project and Edjudina gold project in Australia, acquired projects in the Erongo and Kunene districts of Namibia. Erongo is oneContinue Reading
FNB Namibia was honoured with the Green Financial Services/Institution award at the prestigious fourth (4th) Namibian Sustainable Development Awards. The event, held on 19th June 2024 at the Windhoek Country Club, recognized FNB’s commitment to sustainable practices in the financial sector. The awards are an initiative of the Environmental InvestmentContinue 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
