ASX-listed Bannerman Energy, which holds 55% of the Etango joint venture, confirmed that partner CNNC Overseas Limited (CNOL), which owns the remaining 45%, has approved development based on the Etango-8 design. The project is forecast to produce an average of approximately 3.5 million pounds of triuranium octoxide (U₃O₈) a year, with commissioning and first production targeted for 2028.

The decision follows an extensive early works programme, with full-scale construction set to ramp up over the coming months. Bulk earthworks are substantially complete, detailed engineering is well advanced, and key supporting infrastructure is either finished or progressing well, according to Bannerman. Pre-production capital expenditure is forecast at approximately US$353 million, of which about US$64 million has already been spent. The joint venture holds roughly US$295 million in cash to fund the balance.

Bannerman’s share of forecast working capital through construction, ramp-up and targeted commercial production is fully covered by its existing cash balance of approximately A$175 million. The company says construction is funded on a debt-free basis, backed by CNOL as strategic partner and a cornerstone offtake framework on market-based terms.

The company’s Managing Director and Chief Executive Officer Gavin Chamberlain described the FID as a defining moment for the company, its Chinese partner and Namibia, and the culmination of more than two decades of exploration, study and project de-risking. He said the joint venture enters construction from a position of strength, with early works delivered safely, on budget and on schedule. Chamberlain brings deep project development experience, having served as responsible project director for the development of Namibia’s US$2 billion Husab uranium project.

Alongside the investment decision, Bannerman Mining Resources Namibia has appointed Danie van Aswegen as Chief Executive Officer. He has served as the company’s Chief Operating Officer since October 2025 and brings more than 25 years of mining-sector experience spanning operations, engineering, project management and technology development. Before joining Bannerman, he held senior project and technology roles at Debmarine Namibia, where the company says he played an instrumental part in delivering major projects and integrating innovative technologies.

His appointment strengthens leadership as Etango moves from development into construction, with execution, commissioning and production ramp-up now central to meeting the 2028 target. The timing is notable. Etango’s progress comes amid sustained attention to uranium supply security and the role of nuclear power in future energy systems. Its planned output would add a new source of supply and reinforce Namibia’s standing as an important player in the global uranium industry.

The post Etango Secures Green Light for US$353m Uranium Development appeared first on Namibian Mining News.

From flying in critical components to delivering time-sensitive samples, we’ve logged thousands of flying and driving hours ensuring mines across Namibia get what they need-when they need it. Our team of Certified International Specialists understands the urgency and complexity that comes with running a mining operation. We know that in this industry, delays cost more than money-they cost opportunity.

When the clock is ticking and the pressure is on, DHL delivers. Whether it’s transporting vital oil samples for analysis or rushing core samples across continents for laboratory testing or spare parts for the mining machinery being used, our commitment to speed and precision keeps operations moving forward. Thanks to our dedicated DHL flight connecting Namibia to global logistics hubs, no destination is too far, and no timeline too tight.

We’re not just a service provider-we’re a partner in progress providing a sustainable supply chain. With our Go Green Plus program using sustainable aviation fuel we ensure that the supply chain become more environmentally friendly.

DHL is committed to facilitating the growth of the local economy, and contributes to one of the nation’s cornerstone industries, creating value and supporting growth that benefits all Namibians.

And we’re only getting started.

With continuous investment in cutting edge logistics technology and the use of sustainable aviation fuel (SAF) our global network never sleeps, we’re poised to take Namibia’s mining logistics to the next level.

As we expand our capabilities, we invite Namibia’s mining community to grow with ustowards greater efficiency, reliability, and global reach.

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The post DHL NAMIBIA: POWERING THE PULSE OF THE MINING INDUSTRY appeared first on Namibian Mining News.

Finance Minister Ericah Shafudah said, “Mining company tax and royalties are revised down to N$5.2 billion from N$6.1 billion. Diamond taxes and royalties have fallen from N$5.8 billion in 2023/24 to a projected N$414 million in 2026/27, an estimated shortfall of N$5.3 billion over the MTEF (2024/25-2026/27).”

The government has introduced royalty relief measures to ease pressure on mining companies facing difficult operating conditions. The measures are intended to support business continuity, protect employment and sustain mineral export earnings as the diamond sector contends with weaker market conditions. The revenue downgrade extends beyond mining. Namibia’s non-tax revenue forecast has also been reduced to N$5 billion from N$6.1 billion, largely reflecting lower mineral royalties and reduced dividends from public enterprises.

The revisions expose the risks of relying heavily on a commodity sector vulnerable to global price movements and shifts in demand. While royalty relief may help mining operations navigate the downturn, the longer-term fiscal challenge is to broaden revenue sources and strengthen the contribution of other mineral commodities and industries to economic growth.

The post Diamond Slump Deepens N$5.3bn Revenue Shortfall appeared first on Namibian Mining News.

At the heart of Dual Valves’ philosophy is the “One Stop Slurry Solution.” This approach ensures that every valve, from the flagship DFV model to the large bore pinch valves, is engineered with two primary objectives: increasing longevity and ensuring ease of maintenance in-situ. By prioritising these factors, the company helps mine operators minimise downtime and reduce the total cost of ownership in critical infrastructure. This dedication to quality is underscored by the company’s ISO 9001:2015 certification, ensuring that every product leaving the factory meets rigorous international standards.

While the company’s roots are firmly planted in Southern Africa, Dual Valves has evolved into a truly global entity. The company’s export footprint currently covers more than 50 countries, serving major mining hubs across every continent. From Australia to Chile to the diverse industrial landscapes of the United States, Canada, China, and Europe, Dual Valves’ technology is a staple in the global resource extraction sector. This international reach is supported by a sophisticated distribution network that ensures technical expertise and spare parts are available wherever slurry management is a critical priority.

The company’s success in these diverse markets stems from its ability to provide application-specific solutions. Rather than offering a one-size-fits-all product, Dual Valves leverages its engineering expertise to tailor valves to the specific pressures, temperatures, and abrasive qualities of a particular site. This bespoke approach has led to the successful implementation of massive projects, including the installation of 900NB Flanged Knife Gate and 750NB Double Non-Return valves in high-demand environments.

In the context of the Namibian mining sector, a region known for its world-class uranium, diamond, and base metal operations, the need for reliable, high-performance valves is paramount. As mines move toward more automated and efficient processing, the reliability of the “slurry circuit” becomes the backbone of the operation. Dual Valves supports this region through its strategic partnership with Toolquip Namibia, the distributor for Dual Valves in Namibia.

This partnership ensures that Namibian mines have direct, local access to state-of-the-art technology and immediate technical support. By combining Dual Valves’ manufacturing excellence with Toolquip’s established footprint in Namibia, mining operations can benefit from shortened lead times and expert on-the-ground consultation. As Dual Valves continues to innovate, its focus remains on finding new ways to increase the quality and durability of its products, backed by a distribution network that understands the unique needs of the Namibian landscape.

Contact Toolquip Namibia for all inquiries, technical support, and quotations: sales@toolquipnamibia.com / gabriel.silva@toolquipnamibia.com / +264 83 708 1166

The post Dual Valves: Global Slurry Solutions Anchored by Local Expertise appeared first on Namibian Mining News.

Deep Yellow Limited has moved to lock in early-stage execution capacity at its flagship Tumas Project, awarding two major civil and concrete contracts as it advances towards a final investment decision (FID) expected in the fourth quarter of 2026.

The contracts, with a combined estimated value of approximately A$34 million, have been awarded to Namibia Construction Pty Ltd and Nexus Building and Civils Contractors Pty Ltd following a competitive tender process. Both companies are 100% Namibian-owned, aligning with the company’s local content strategy.

The awards mark a shift from planning to structured pre-development execution, securing critical construction capability ahead of FID while preserving flexibility on the overall project timeline. Mobilisation is scheduled to begin in August 2026, with work delivered in phases to enable multiple construction fronts without altering the project’s anticipated 24 month build schedule post-FID.

Managing Director and CEO Greg Field said the approach reflects a deliberate strategy to reduce delivery risk ahead of full project sanction. “These awards represent another important milestone in our disciplined approach to project development. Our objective has always been to systematically remove execution risk, secure high-quality contractors and ensure the Project is positioned for efficient delivery as we advance toward FID towards the end of this year,” said Field.

He added, “Civil and concrete works are fundamental to the successful delivery of any major processing facility. Securing these capabilities now creates multiple construction work fronts, increasing execution flexibility and strengthening confidence in execution once FID is reached.” The scope of work spans core processing infrastructure, including reinforced concrete installations, precast elements and run-of-mine retaining structures, forming a critical foundation for subsequent plant construction.

Beyond execution, the contract awards reinforce Deep Yellow’s localisation strategy, with both contractors expected to deploy predominantly Namibian workforces. Field noted the importance of this approach, stating, “Developing Tumas in partnership with local industry is central to our strategy and reflects our commitment to delivering long-term value for Namibia alongside our shareholders.” The developer secured early works packages ahead of FID, balancing risk reduction with capital discipline while ensuring projects are positioned for rapid scale-up once investment approval is secured.

The post Tumas Project Advances with Local Contract Awards appeared first on Namibian Mining News.

The address followed Angola’s 50th anniversary of independence in 2025, a year in which the country also chaired the African Union. Nandi-Ndaitwah praised President Lourenço for his leadership of the bloc and for his role as the AU champion on peace and mediation, noting that “Peace is a prerequisite for development, and national parliamentarians have a role to play in the maintenance of peace and stability.” The president grounded her message in history. “The history of Angola and Namibia is not simply a history of neighbouring countries. It is a history written through sacrifice, courage and an unwavering belief that the freedom of one African nation cannot be completed while another remains oppressed.”

In addition, Nandi-Ndaitwah recalled that Angola’s Founding President, António Agostinho Neto, declared at independence in 1975, “In Namibia, in Zimbabwe and in South Africa lies the continuation of our struggle.” Angola honoured that commitment at enormous cost, she said, opening its doors to the SWAPO Party and to thousands of Namibians in exile and providing refuge, education, medical care and a base from which the liberation struggle could continue, all while facing grave threats to its own peace and development.

The President paid tribute to those who lost their lives on Angolan soil, in particular the victims of the Cassinga massacre of 4 May 1978. She said she looks forward to the joint inauguration of the Cassinga Memorial Park, so that future generations understand both the price of freedom and the duty to preserve it. Namibia’s freedom, she added, was secured through the sacrifices of Namibians, Angolans and Cubans, and she thanked Angola for standing with Namibia when it lost President Hage Geingob in February 2024 and Founding Father Sam Nujoma in February 2025.

That shared past, she argued, carries an obligation. “Our shared past places a responsibility upon us. We must honour the generation that fought for political freedom by securing economic opportunity for the generations that follow,” said Nandi-Ndaitwah. The vehicle for delivering on it is the Angola Namibia Bi National Commission, which she described as an important milestone because it elevates cooperation to a mechanism chaired jointly by the two Heads of State, allowing them to monitor implementation closely. The arrangement brings political, economic, social, defence and security cooperation into a more coherent framework. She noted, “Above all, it demands results.”

The two countries have concluded more than 60 bilateral agreements and memoranda of understanding over the years and signed seven more during this commission. The instruments cover law enforcement, border management, trade, infrastructure development, water and energy security, transport connectivity, education and health, among other sectors. The president was explicit about how success will be judged. “The success of those instruments cannot be measured by the number of instruments signed. It must be measured by the positive changes they make in the lives of our people such as reliable services, greater trade, productive investment and decent jobs,” said Nandi-Ndaitwah.

She placed lawmakers at the centre of that effort, noting that parliaments enact laws, appropriate resources and hold the Executive accountable. The rural mother who needs clean water, the young graduate seeking employment and the trader waiting to cross a border, she said, all stand to benefit from decisions taken in Parliament. Legislatures can deepen cooperation on child protection, the prevention of trafficking in persons, shared water resources and the legal certainty that trade and investment require, and can use oversight to ensure that commitments made through the commission receive the resources and attention needed for delivery. She invoked Amílcar Cabral, who reminded Africans that people struggle for the material conditions that allow them to live better, in peace and to secure the future of their children.

Moreover, Nandi-Ndaitwah recalled the November 2025 working visit to Namibia by Angola’s Standing Committee on Foreign Relations, International Cooperation and Angolan Communities Abroad, led by Felino Job and encouraged regular reciprocal exchanges, including through the SADC Parliamentary Forum headquartered in Windhoek. She also welcomed cooperation between universities and institutions of higher learning, with student exchanges, research and collaboration in water, energy, agriculture, engineering and languages intended to equip young people to build the economies of tomorrow. She closed on the regional dimension, welcoming Angola’s decision to join the SADC Free Trade Area and the finalisation of its tariff offer with member states in February 2025. The bilateral partnership, she said, forms part of a wider regional responsibility.

The post From Shared Struggle to Shared Dividends, Namibia Presses Angola for Results appeared first on Namibian Mining News.

This surging top-line performance propelled the critical minerals miner into a decisive profit turnaround. After recording a £3 million loss during the comparative period, Andrada delivered a post-tax profit of £2.5 million, alongside an EBITDA surge to £4.5 million. Operational efficiency was particularly evident in cash flow generation: the company harvested £4.9 million in cash from operations over the six months, surpassing its total operational cash generation of £4.7 million for the entire 2026 financial year and bolstered its cash reserves to £15.6 million.

The underlying engines of this financial leap were a 13% increase in tin production at Uis and a striking 57% surge in the effective tin price realised by the company, reaching $52,131 per tonne. The open-cast, hard-rock polymetallic operation, which also hosts substantial lithium and tantalum reserves, demonstrated the benefits of recent throughput enhancements ahead of its next major expansion phase.

“These results mark a significant turning point for Andrada, with strong operational performance at Uis translating into a step-change in profitability and cash generation,” stated Anthony Viljoen, Chief Executive Officer of Andrada Mining. “We enter the second half of the financial year from a considerably stronger position with a critical minerals platform of three assets or value creators.”

Looking ahead, Andrada is poised to build on this high-margin baseline through fully funded plant upgrades, including the on-schedule installation of a new ore-sorting circuit at Uis. Simultaneously, the company is leveraging major strategic partnerships to unlock multi-commodity growth across tin, lithium, tungsten, copper, and tantalum. Its Lithium Ridge project is advancing under an earn-in agreement with Chilean lithium giant SQM, while the historic Brandberg West copper-tin-tungsten asset is being developed alongside private investment affiliate BWCAM.

With its balance sheet fortified and operational execution validated, management remains focused on transitioning its strategic development pipeline into expanded output and long-term valuation gains.

“We have demonstrated the earnings and cash-generation potential of the business,” Viljoen highlighted. “The priority now is to convert our funded investment programme and strategic partnerships into higher production, measurable project progress and sustainable shareholder value. Together with our renewed board, this gives Andrada a clear platform to execute on growth across all three assets.”

The post Record Tin Prices and Operational Surge Drive Turnaround at Andrada Mining appeared first on Namibian Mining News.

Environment, Forestry and Tourism Minister Indileni Daniel disclosed the figures in response to a question from parliamentarian Rodrick Likando, noting that applications were concentrated mainly in the northern communal areas and central Namibia. Kunene, Hardap,  Kharas, Zambezi, Omaheke, Kavango West and Kavango East recorded particularly low application numbers. The figures do not establish how many sand and gravel extraction operations are active nationwide, how many hold valid environmental clearances or how many are operating unlawfully. However, the limited application numbers across several regions raise concerns about compliance monitoring and the authorities’ ability to establish the full extent of extraction activities.

The environmental stakes are particularly pronounced in the north-central regions of Oshana, Oshikoto, Ohangwena and Omusati, where Daniel identified sand and gravel extraction as a persistent concern. Uncontrolled extraction can leave dangerous, unrehabilitated borrow pits that expose communities to physical hazards and place pressure on surrounding environments. Daniel warned that lives had been lost, particularly among children playing in abandoned pits, although she did not provide details of the fatalities or identify the affected locations.

“Lives have been lost, especially children playing in unrehabilitated borrow pits, hence our reasons to enforce strict compliance,” said Daniel. The government has taken enforcement action, with the Office of the Environmental Commissioner working alongside law enforcement agencies to close sites where illegal sand mining was taking place. Authorities have also issued compliance orders to halt unauthorised activities. Daniel acknowledged, however, that government and private sector institutions continued to undertake activities requiring environmental clearance without first obtaining the necessary certificates.

She added, “This is a very serious violation of the Environment Management Act.” The admission points to a compliance challenge extending beyond informal extraction, raising questions about adherence to environmental requirements across institutions involved in infrastructure development and other activities that rely on sand and gravel. These materials remain essential to road construction, housing and broader infrastructure development, placing pressure on authorities to balance demand for construction inputs with environmental protection and public safety.

Rehabilitation is another area of concern. The government, working with stakeholders including the Roads Authority, has rehabilitated more than 30 borrow pits, mainly in northern Namibia. Some of the sites date back to before independence, underscoring the long-term consequences of extraction sites left without adequate rehabilitation. To strengthen oversight, the Ministry is developing stand-alone Sand and Gravel Extraction Regulations intended to improve the management and control of mining activities. Daniel did not provide a timeline for their finalisation or implementation. The Office of the Environmental Commissioner has also undertaken regional awareness campaigns and monitoring activities, including inspections conducted across individual regions, to improve compliance.

Under the current enforcement framework cited by the minister, anyone undertaking listed activities without an ECC faces a fine of up to N$500,000, imprisonment for up to 25 years or both upon conviction. The effectiveness of these measures will depend on more than the severity of the penalties. Reliable data on active extraction sites, consistent inspections, enforcement against non-compliant operators and timely rehabilitation of abandoned pits will be critical to closing gaps in oversight. Until the government establishes a clearer picture of the number and location of extraction operations, the 56 applications and 15 reported illegal cases offer only a partial view of the challenge.

The post Sand Mining Oversight Faces Scrutiny as Permit Numbers Raise Concerns appeared first on Namibian Mining News.

The Ministry of Environment, Forestry and Tourism issued an Environmental Clearance Certificate (ECC) on 9 October 2026, following its assessment of the Environmental Impact Assessment and Environmental Management Plan for both projects at Farm 58. The approval removes a key regulatory hurdle as GMR advances the developments towards construction and a final investment decision. The proposed facilities are designed to establish domestic production of battery-grade manganese chemicals and sulphuric acid, an essential industrial input for several mining and manufacturing processes. By developing local supply capacity, GMR aims to reduce reliance on imports while serving demand from copper, uranium, rare earth and fertiliser projects.

GMR Founder and Chief Executive Officer Derk Hartman said the environmental clearance had reduced regulatory risks associated with the developments. “With the Environmental Clearance Certificate in hand for both the manganese refinery and the sulphuric acid plant, GMR has significantly de-risked the projects. This approval is a strong endorsement of our responsible development strategy and our commitment to Namibia’s long-term industrialisation,” said Hartman. The sulphuric acid facility accounts for the more clearly defined investment, with GMR having outlined plans to commit N$1.03 billion to a plant initially expected to produce 175,000 tonnes annually.

A scoping study conducted by Namibia-based Creo Engineering Solutions indicates that production capacity could increase to 720,000 tonnes a year once the facility is fully developed. The plant would supply GMR’s proposed manganese refinery and other industrial customers, creating the potential for Walvis Bay to strengthen its role in the supply of critical inputs to the mining sector. The investment is underpinned by a domestic supply gap and anticipated growth in industrial demand. Namibia currently relies on imported sulphuric acid, while planned mining and processing developments could increase consumption, creating an opportunity for local production to serve a broader customer base.

Hartman previously highlighted the project’s commercial prospects, citing an expected pre-tax internal rate of return (IRR) of 20% based on the initial capital investment. “Namibia is currently a net importer of sulphuric acid, with demand expected to grow due to expanding copper, uranium, rare earth and fertiliser projects. It is expected to deliver a solid return on investment (pretax IRR of 20%) based on an initial capital cost of US$59 million,” said Hartman in September 2025. Beyond its core chemical output, the proposed plant could generate surplus baseload electricity and process steam for industrial use. These additional outputs could broaden the facility’s contribution to the local economy by creating opportunities to supply other industrial users, although the extent of such benefits will depend on the final project design and commercial arrangements.

GMR is progressing the technical work required to advance both developments. The company has completed advanced metallurgical testwork for the manganese refinery’s pre-feasibility study and is undertaking a tender process to appoint an engineering firm to conduct the sulphuric acid plant’s feasibility study. The environmental assessment involved specialists, regulators, government ministries and interested and affected parties to identify and address potential environmental and social impacts. “We are grateful to the team of specialists who worked tirelessly to secure this outcome and we appreciate the constructive engagement from the Ministry of Industries, Mines and Energy and the Ministry of Environment, Forestry and Tourism. Their support has been instrumental in advancing both projects,” noted Hartman.

The developments are being advanced through three wholly owned Namibian subsidiaries. Green Metals Refining Namibia (Pty) Ltd is responsible for the manganese refinery, while Kudu Chemicals (Pty) Ltd is developing the sulphuric acid plant. Foxtrot Industrial Developments (Pty) Ltd will provide infrastructure and shared services for both facilities, with the potential to accommodate additional industrial users. The proposed configuration points to a broader industrial ambition: linking mineral beneficiation with local chemical production and shared infrastructure to retain more economic value within Namibia. For the mining sector, reliable domestic access to processing inputs could also help strengthen supply-chain resilience as new projects move towards development. Environmental approval, however, does not guarantee construction or commercial viability. GMR must still advance the feasibility work and secure a final investment decision before the projects can move into implementation.

The post Green Metals Refining Clears Key Hurdle for N$1bn Industrial Chemicals Investment appeared first on Namibian Mining News.

Aim listed Andrada Mining has secured Namibian Competition Commission approval for the earn in agreement between its subsidiary, Andrada Investments, and BWCAM, a subsidiary of natural resource partnership ACAM, clearing the way for accelerated development at the Brandberg West copper, tungsten and tin project.

Under the agreement, BWCAM could contribute up to US$51 million in staged funding to speed exploration and development of the Brandberg West polymetallic prospecting licence, held by Andrada’s wholly owned subsidiary Grace Timon Investments. In return, BWCAM secures a 49 percent stake in Andrada Investments, giving the partnership a direct financial stake in the project’s success. Work on the ground is already advancing. Geophysical surveys and reverse circulation drilling across the historical tailings storage facility are complete, while diamond drilling and sampling to test mineral extraction from waste streams are under way.

Andrada Mining’s Chief Executive Anthony Viljoen called the clearance a pivotal step. He said, “The unconditional approval from the NaCC represents another important step in unlocking the potential of Brandberg West. Our partnership with BWCAM combines Andrada’s Namibian operating and geological expertise with ACAM’s investment capabilities to advance the project systematically.” The company noted that further market updates will follow in due course.

The post Andrada Clears Regulatory Hurdle to Advance Namibia’s Brandberg West appeared first on Namibian Mining News.