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Author: Freeman Ngulu

Paladin on its knees, Langer Heinrich going to China National Nuclear

Australian mining outfit, Paladin Energy is in the process to announce a solvency restructuring proposal, and a potential option in favour of China National Nuclear Company (CNNC) which could entitle Overseas Uranium Holdings Ltd to acquire Paladin´s interest in the Langer Heinrich mine. China National Nuclear is a minority shareholder in the Langer Heinrich mine through the registered parent, Langer Heinrich Mauritius Holdings. A fortnight ago, China National Nuclear was quoted in the Australian press as indicating that it wants to exercise an option, through its investment arm, Overseas Uranium Holdings Ltd, to acquire the entire Langer Heinrich share...

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EU completes funding for water and sanitation programme

On World Water Day, the European Union committed, through Agenda 2030, to achieve access and sustainable management of water and sanitation for all, in particular to the most vulnerable groups. Last week, the resident EU Ambassador Jana Hybaskova and the Minister of Agriculture, Water and forestry witnessed the last payment to Namibia’s Water and Sanitation Programme (NAWASA), amounting to €7.84 million. The EU has been supporting the NAWASA Programme since 2011. The main objective was to support the provision of potable water and adequate sanitation across the country, particularly to rural poor communities. EU High Representative Federica Mogherini in...

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Net Metering opens the door for private generation of electricity

As of 01 July this year, all electricity utilities must have the systems in place to allow private households to generate their own electricity and sell the surplus back to the utility. The promulgation of the so-called Net Metering Rules by the Electricity Control Board on 15 November last year under the Electricity Act, effectively forces the door open for all private households and companies, to offset a substantial part of their monthly electricity bill, by generating their own electricity and sending the surplus back into the grid. Like all other utilities selling electricity to private clients, both households...

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Ohorongo inks strategic partnership with NCCI

Ohorongo Cement and the Chamber of Commerce and Industry (NCCI) in Otjiwarongo last week inked a corporation agreement that will see NCCI members in the Otjozondjupa region enjoy privileges when the cement company awards tenders. The partnership agreement aims to promote friendly relations to create a conducive business environment, by means of cooperation on information sharing through investment opportunities, infrastructural and project developments between Ohorongo Cement and the chamber. The Chairperson of the Otjiwarongo Branch, Eddy Kgobetsi, on his part was ecstatic with the historic agreement signed with Ohorongo Cement and its commitment to the local Branch. “The local...

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Animal Health meet deliberates on FMD free status

Animal experts from across Africa converged in Namibia late last month to examine animal health, welfare and animal production as well as food safety issues within the southern African region. At the 22nd Conference of the Organisation for Animal Health (OIE) Regional Commission for Africa, the President of the OIE Scientific Commission for Animal Diseases, Dr. Gideon Bruckner, discussed the obligation of member countries to facilitate safe trade in line with both the provisions of the World Trade Organisation Sanitary and Phytosanitary Agreement and that of the OIE. Bruckner mentioned a few aspects which might be presented for adoption...

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Chinese state on the verge of full take-over of Langer Heinrich uranium mine

Australian uranium hopeful, Paladin Energy Limited announced this week a Restructure Proposal and a potential option in favour of Chinese state-owned giant, China National Nuclear Company (CNNC) which if exercised, could entitle CNNC to acquire Paladin´s full interest in the Langer Heinrich Mine. In a statement on the Namibia Stock Exchange news service, Paladin advised investors that it has received notice from CNNC requesting that Paladin begin a process to determine the fair market value of Paladin´s share of the Langer Heinrich mine. Paladin holds 75% of the issued share capital of Langer Heinrich Mauritius Holdings Limited, the holding...

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B2gold’s Otjikoto golden child thriving

Triple-listed international gold miner B2Gold Corp. is celebrating record production volumes and process plant recoveries at its Namibia-based open cast Otjikoto operation. A simple expansion to the process plant, completed around mid-2015, saw its production capacity output increase well above this to its current 3.3 Mtpa ROM and 165 000 – 175 000 ozpa of gold. The mine produced 166 285 oz of gold for the 2016 year. Mining Review Africa’s , Laura Cornish recently said that the higher than intended expansion and the forecast for 2017 is well above initial output expectations when the mine started producing in...

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Science education the magical way

B2Gold mining has introduced a Colorado State University-initiated programme known as ‘Little Shop of Physics’ through its education centre which teaches children and teachers about maths, science and chemistry in a fun interactive way. Implemented at the beginning of 2016, it has been such a success that the Ministry of Education has asked the company to roll out the programme across the country. “We worked with 75 teachers and160 students who traveled to the B2Gold Educational Center outside their Otjikoto mine site,” said the Director of Little Shop of Physics director, Brian Jones. A miniature version of the Little...

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