insert_link Business / Economics Trustco hits back at the Johannesburg Stock Exchange over a US$75 million mining deal Trustco Group Holdings' office in Windhoek, Namibia Trustco Group Holdings has hit back at the Johannesburg Stock Exchange (JSE) following a public censure and financial penalty related to its USD 75 million investment in Meya Mining. The company says the transaction, announced in August 2022, had full shareholder backing, but was delayed by what it calls “regulatory interference” and “obstructive processes” by the JSE over more than two years. The […] today7 October, 2025
insert_link Business / Economics 2025 Mining Expo Opens with Record Participation The 2025 Mining Expo and Conference launches today, marking its largest edition yet. Exhibitors have increased from 168 to 196, and booth spaces have risen from 268 to 313. Visitor registrations hit a record 7,831, a 31.7% increase from 2023. The event focuses on promoting skills development and boosting interest in the mining sector, says Lauren Graham, Chief Economist at the Chamber of Mines. today5 August, 2025
insert_link Business / Economics Koryx Copper lists on Namibian Stock Exchange WINDHOEK, 10 April 2025 – Koryx Copper has officially commenced trading on the Namibian Stock Exchange (NSX) under the symbol “KYX”, following the completion of all requirements for a dual-listing. The Canadian-based company, which is already listed on the TSX Venture Exchange, says the dual listing reflects its strong ties to Namibia’s mining sector and offers local investors better access to the company’s shares. The TSX listing remains Koryx’s primary […] today11 April, 2025
insert_link Business / Economics B2Gold plans $7 million exploration to expand Antelope Deposit B2Gold Corp. has announced a positive preliminary economic assessment (PEA) for the Antelope deposit at its Otjikoto Mine in Namibia, forecasting an after-tax net present value of $131 million and an internal rate of return of 35%. The Antelope deposit, located approximately four kilometers southwest of the existing Otjikoto open pit, comprises the Springbok and Oryx Zones, with a potential third structure, Impala, pending further drilling confirmation. B2Gold’s assessment indicates […] today5 February, 2025
insert_link Business / Economics Bannerman to invest over N$6 billion in Etango project Bannerman Mining Resources Namibia Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars (N$6 billion) in the Etango Project, a uranium mining venture located in the Erongo region. The company has already spent more than one billion Namibia dollars (N$1 billion) on the project to date. The General Manager of Bannerman Resources Namibia, Werner Ewald shared that the company is on track to […] today30 January, 2025
insert_link Local Trustco Group announces NAD 4.4 billion (USD 235 million) transaction with founding family. Trustco Group Holdings Limited (TTO.SJ) today announced a landmark agreement to convert NAD 4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD 100 million capital raise in the US markets. The agreement is expected to increase Trustco's net asset value by approximately NAD 1.5 billion (USD 79 million). "This recapitalization is a crucial step towards achieving our growth ambitions […] today12 June, 2024
insert_link Namibia Namibia to take part in Mining Indaba 2024 Deputy Executive Director in the Ministry of Mines and Energy, Gloria Simubali has led a delegation to the ‘Investing in African Mining Indaba 2024’, which commenced in Cape Town, South Africa on Monday. A media statement availed by the Ministry of Mines and Energy said Namibia will during the indaba showcase the opportunities the country presents in the mining sector to a global audience of foremost thinkers in mining. […] today6 February, 2024
insert_link Africa Botswana and DeBeers sign $1 billion deal Botswana and De Beers have approved a $1 billion investment to dig under the world's richest diamond mine by volume. The Debswana Diamond Company's board said it has given the go-ahead to works that are to extend the life of the Jwaneng mine turning it from an open-pit site to an underground operation. About 70% of profits for Debswana come from Jwaneng. Here is the Deputy Minister of Mines and […] today11 January, 2024
