NAMCOR UPDATE ON UPSTREAM OPERATIONS

NAMCOR UPDATE ON UPSTREAM OPERATIONS

Windhoek, Namibia — The National Petroleum Corporation of Namibia (NAMCOR) provides an update on the country's ongoing upstream activities. NAMCOR Exploration and Production (E&P), in collaboration with joint venture partners in PELs 56, 83, 85, and 90, will commence drilling four exploration and appraisal wells in the Orange Basin, offshore Namibia, between Q4 2024 and Q1 2025. This expansion in upstream oil and gas activities follows successful discoveries since 2022, […]

November 12, 2024 5

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Business / Economics

Trustco’s Meya Mining Investment confirms $763 million diamond resource

Trustco Group Holdings Limited (TTO.SJ) has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite ore down to a depth of 800m below surface is 6.05 million tonnes. The assessed in-situ grade is […]

June 5, 2024 76 2

Local

NIEC 2024: Unveiling the Future of Energy in Namibia with Premier Sapphire Sponsors RMB, Shell, and Chevron

The Namibia International Energy Conference (NIEC), renowned as “The gathering” for energy sector deliberations in Namibia, proudly announces its Sapphire sponsors for the upcoming 2024 conference: RMB, Shell, and Chevron. This collaboration underscores the pivotal role of sponsorship in steering the conversations and innovations that will chart the future course of Namibia's energy sector. Selma Shimutwikeni, the founder of RichAfrica Consultancy and convener of the NIEC, extends a heartfelt thank […]

March 11, 2024 40

Science & Technology

NASA seeks volunteers for year-long mars simulation mission

Houston, get ready for a unique opportunity! NASA is on the lookout for volunteers to participate in a year-long simulation mission to Mars at the Johnson Space Center. Selected candidates will experience life in a three-D printed habitat, facing challenges such as spacewalks, crop growth, and technology failures.

February 21, 2024 27

Africa

Zambia hits a copper jackpot from an AI-powered exploration

By Bonface Orucho, via bird story agency Zambia’s mineral portfolio has received a major boost with the discovery of the largest copper deposits ever recorded in the country. Through an official statement on the social media site X, on February 5, 2023, KoBold, an American startup backed by Bill Gates and Jeff Bezos, announced the discovery of vast copper deposits at their Mingomba mine in northern Zambia. “Mingomba […]

February 8, 2024 6