Resources & Energy
Latest business and economic developments in resources & energy across Namibia.
1h ago Namibia's Rare Earths Emerge as Strategic Global Inputs, Necessitating Legal Evolution
Legal experts Rihupisee Kavari and Shereef Martin of Cliffe Dekker Hofmeyr Namibia underscore the escalating strategic value of rare earth elements (REEs) within the country, repositioning them as critical for global energy transition, advanced manufacturing, and economic security, which in turn calls for an evolving legal framework and strategic industry partnerships.
Jul 27 Diamond Mining Operation Uncovers 500-Year-Old Portuguese Shipwreck Laden with Gold
A modern diamond mining operation has reportedly unearthed a 500-year-old Portuguese shipwreck, an significant archaeological find containing a substantial amount of gold and other ancient artefacts, highlighting the unexpected historical discoveries that can emerge from industrial activities.
Jul 27 Bannerman Energy Advances Etango Uranium Project with Local Support
Bannerman Energy is reportedly making progress on its Etango Uranium Project in Namibia, with the company highlighting strong local collaboration as a key factor in its continued development, signaling ongoing activity within the nation's critical minerals sector.
Namibia Rejects N$4 Billion Oil & Gas Supply Base Proposal Citing Funding and Experience Gaps
Namibian authorities have reportedly blocked a N$4 billion proposal by Ghanaian entrepreneur Jory Adu-Boahene to establish a crucial oil and gas supply base. The rejection stems from significant concerns regarding the project's financial viability and the proponent's relevant industry experience, signaling a cautious approach to large-scale energy infrastructure development within the country.
Namibia Approves TotalEnergies' Strategic Basin Acquisition
The Namibian government has officially granted approval for French energy giant TotalEnergies to proceed with a strategic basin acquisition, a development reported by Ocean Energy Resources. This move is anticipated to further the exploration and potential development of the nation's crucial offshore energy assets, marking a significant step in Namibia's growing energy sector.
Jul 27 Namibia Eyes Major Port Expansion to Facilitate Energy Exports
Namibia is reportedly planning a significant expansion of its port infrastructure, a strategic move aimed at bolstering its capacity to facilitate the anticipated export of energy resources, according to a report by The Maritime Executive, signaling the nation's focus on its burgeoning energy sector.
Jul 27 Namibia Approves TotalEnergies' Significant Orange Basin Acquisition
Namibia has officially approved TotalEnergies' substantial acquisition in the Orange Basin, a critical step that facilitates the energy major's expanded presence and operational activities within the promising offshore region, signifying advancement in the country's emerging hydrocarbon sector, as reported by Upstream Online.
Jul 27 EU and Port of Rotterdam Partner on Green Minerals Export Terminal Design in Namibia
The European Union and the Port of Rotterdam have formalized an agreement to design a green minerals export terminal in Namibia, an initiative aimed at bolstering the supply chain for critical raw materials essential for the energy transition and establishing Namibia as a key player in sustainable resource exports.
Port of Rotterdam and EU Back Namibian Critical Materials Terminal in Lüderitz
The Port of Rotterdam and the European Union are jointly supporting the development of a new critical materials terminal at Namport’s port of Lüderitz, Namibia, a strategic move expected to bolster the region's role in the global supply chain for vital resources, potentially including those essential for hydrogen production.
Jul 27 Zephyr Marine Services Appoints Taimi Nangula Itembu as New Leader
Taimi Nangula Itembu has taken over as the new leader of Zephyr Marine Services, marking a new era for Namibia's oil services industry, according to reports from the African Energy Chamber.
Jul 27 Namibia Urged to Revamp Laws and Address Deteriorating Mining Industry
The Chamber of Mines in Namibia has sounded the alarm over the country's declining global mining rankings and a pressing need to review laws surrounding illegal mining.