Mining

Morning Market Roundup: 24 February 2025

Local Market Performance Namibia’s stock market saw significant trading activity, with over 1.5 million shares exchanged across 15 deals, amounting to a total value of N$12 million. The financial sector led market transactions, contributing N$9.4 million, followed by consumer staples and discretionary stocks. Year-to-date, the market has recorded 9.17 million shares traded, reaching a combined value of N$537.9 million. Sasol’s Secunda Plant Faces Uncertain Future A new study in […]

24 February, 2025 18

Business / Economics

Morning Biz News – 12 February 2025

Strengthening Namibia’s Oil & Gas Sector The Petroleum Training and Education Fund (Petrofund) and Single Buoy Moorings Offshore (SBM Offshore) have signed a memorandum of understanding to enhance capacity building in Namibia’s oil and gas sector. This collaboration underscores their commitment to developing a skilled workforce capable of excelling in the upstream petroleum industry. The agreement aims to provide specialized training and knowledge transfer to ensure Namibians benefit from the […]

12 February, 2025 45

Interview Transcripts

INTERVIEW: Rob Parker Exposes Allegations Against ReconAfrica: Legal, Ethical, and Environmental Concerns

Rob Parker, a representative from the Economic and Social Justice Trust of Namibia, has shared alarming insights into the controversial operations of ReconAfrica, a company accused of serious legal, ethical, and environmental violations. Parker has been working on a report that sheds light on the company's actions, including its new environmental clearance certificate, which he claims was obtained through fraudulent means. According to Parker, ReconAfrica's consultant misrepresented consultations with […]

27 January, 2025 110

Business / Economics

Mining threatens tourism

Namibia's growing mining activities are raising concerns over the encroachment on national parks. With these parks serving as tourist attractions, the debate over prioritising mining or tourism income has become an urgent sustainability topic. Beyond revenue considerations, the conservation of the country's rich natural resources is at stake. Many of the mined resources are destined for export, while tourism provides direct financial benefits and supports local communities. This has led […]

20 January, 2025 58

Africa

Uncertainty in West Africa’s Mining Sector as Arrests Rattle Western Companies

The arrest of mining executives in Mali, threats to strip permits in Burkina Faso, and the seizure of a French-run uranium site in Niger have raised concerns among Western miners in West Africa, according to Reuters' reports. While day-to-day production has largely continued in Mali and Burkina Faso, the escalating tensions are expected to impact firms seeking financing and insurance. This uncertainty could hamper supply growth in Africa's […]

12 December, 2024 14

Business / Economics

2024 Producer Price Index Update Reveals Mixed Sectoral Trends

The Producer Price Index has been rebased to 2022, offering more accurate insights into the nation's economic trends. The new reference period, set for June , highlights a shift in price movements across sectors, with mining showing growth year-on-year, but a slight quarterly contraction. Meanwhile, manufacturing saw modest price reductions overall, though dairy and fish processing experienced notable increases. The updated PPI will provide businesses and policymakers with a clearer […]

22 November, 2024 23

Environment

Conservancies protest mining in Rhino sanctuary

Conservancies affected by the recent mining activities have been granted approval to hold a peaceful demonstration at the Ministry of Environment, Forestry, and Tourism offices today. They will hand over a petition to the Executive Director of the Ministry against mining in their rhino sanctuary. Here is Laurencia Naobes the Manager for Uibasen-Twyfelfontein Conservancy.

24 October, 2024 38

Africa

China’s interests in Africa are being shaped by the race for renewable energy

By Lauren Johnston, University of Sydney China-Africa relations have deepened over the past two decades, characterised by increased economic cooperation, investment and infrastructure development. China is now Africa’s largest trading partner, with partnerships focused on building roads, railways and energy projects. As the ninth Forum on China–Africa Cooperation (FOCAC) kicks off this week in Beijing, a new, green theme is shaping their relationship: the global renewable energy race. […]

2 September, 2024 35

Namibia

Agriculture ministry unopposed to uranium mining at Leonardville

By Ellen Shihepo, via News on One The Ministry of Agriculture, Water, and Land Reform (MAWLR) does not oppose uranium mining by Rosatom’s Uranium1 in Leonardville. Agriculture Minister Carl Schlettwein, however, emphasised the need for further research before drilling can be approved. Schlettwein, during a community engagement in Leonardville this week, acknowledged the potential economic benefits that uranium mining could bring to the region. However, the ministry's lack […]

18 August, 2024 41