Namibia Mining and Energy

Oil, gas to add N$11.5bn annually to Namibia’s GDP …. 5,000 jobs expected in construction phase Namibia's gross domestic product (GDP) is forecast to grow by 5.8% annually, primarily driven by the oil and gas sector, a survey by Deloitte Namibia shows. According to the Oil and Gas Industrial Baseline Survey (IBS) conducted by Deloitte Namibia, the oil and gas sector will contribute an average of US$648 million (N$11.5 billion) to the GDP each year during the production phase. During the construction phase, Namibia’s GDP is expected to grow by +1%, with an estimated GDP average impact of US$113 million (N$2 billion) contributed by oil and gas every year. https://lnkd.in/dEhUSHfm #namibia #oilandgas #economy #GDP #study Namibia Petroleum Operators Association (NAMPOA) Namibia Investment Promotion and Development Board (NIPDB) Economic Association of Namibia Tom Alweendo Melanie Harrison TotalEnergies Shell 

Bezant targets August 2025 for Hope and Gorob Copper Project completion Bezant Resources Plc has outlined a four-phase plan to complete the Hope and Gorob Copper Project by August 2025. Both processing plants are scheduled to commence operations in September 2025, according to Erongo Region Governor Neville Andre. "This project involves the development of an open-pit and underground copper and gold mine, along with an onsite processing facility, located at the Hope Prospect, approximately 120 kilometres east of Walvis Bay," he said. Andre noted that the main objective of the proposed facility is to produce a high-grade copper and gold pre-concentrate that can cover the costs of transportation to the Namib Lead and Zinc Mine flotation processing plant, located 30 kilometres outside of Swakopmund, for final concentration. https://lnkd.in/dVjd2BRQ #namibia #mining #copper #gold #erongo Chamber of Mines Namibia Tom Alweendo

Our Weekly edition for 25 August- 31 August, 2024 is out. Click https://lnkd.in/db4nXbzz to download your FREE copy. #namibia #mining #greenhydrogen #oilandgas #energy #namibiaminingnews

Namibia’s visa policies causing ops delays for oil and gas companies    The Namibia Petroleum Operators Association (NAMPOA) says the government's visa policies are imposing significant delays on oil and gas companies operating within the country. The association said the delays, particularly in securing visas for specialised expatriates essential to critical operations like drilling, are hindering the industry's progress. NAMPOA Vice Chairperson Martin Negonga said the current visa structures, including work permits and renewals, are hindering the timely execution of projects, raising concerns about the long-term impact on the industry.  This comes as local expertise in these highly specialised tasks is still developing, and thus companies rely on foreign workers to maintain momentum. "Drilling is one of the most highly specialised activities that oil and gas companies undertake. Unfortunately, in Namibia, we currently lack the skilled personnel capable of operating on some of these rigs. Therefore, companies are required to bring in expatriates with experience on these rigs to support these activities," he said at the Namibia Oil and Gas Conference.  https://lnkd.in/dDRYnEdm #namibia #oilandgas #visapolicy #jobs #skilledpersonal Economic Association of Namibia Namibia Investment Promotion and Development Board (NIPDB) NAMCOR NAMIBIA Tom Alweendo Nangula Nelulu Uaandja

Namibia's local content policy nears approval The Ministry of Mines and Energy says it is expediting the finalisation of Namibia's National Upstream Petroleum Local Content Policy, which is nearing approval. The policy, designed to promote local participation and sustainable development, has been a top priority for the Ministry of Mines and Energy. https://lnkd.in/dec72hhw #namibia #contentpolicy #localparticipation #economy #oilandgas Tom Alweendo Namibia Petroleum Operators Association (NAMPOA) Namibia Oil and Gas Conference #oilexploration NJ Ayuk JD, MBA.

Namport plans N$4-billion Luderitz Port expansion to create oil and gas supply base The Namibian Ports Authority - Namport says its first phase of a N$4-billion investment in the Port of Lüderitz's Robert Harbour expansion aims to create a vital oil and gas supply base for the country’s deepwater fields. The first phase of the expansion will include constructing a 500-metre quay wall at a depth of 9 metres and reclaiming 14 hectares of land. NAMPORT Executive of Port Engineering Elzevir Gelderbloem said the Environmental Impact Assessment (EIA) is underway and expected to be completed by early 2025. "The Front-End Engineering Design (FEED) is also in progress, and a geotechnical investigation will be conducted within the next six months. The EPC tender is anticipated by mid-2025, with the first section of the new quay wall to be commissioned by mid-2027 and the final section by the end of 2028," he said. NAMPORT's short-term plan includes utilising the Port of Walvis Bay South Port as a temporary solution for oil and gas supply during the exploration and appraisal phases in the Orange Basin. https://lnkd.in/dFy-dN46 #namibia #oilandgas #walvisbay #luderitzport #portexpansion #orangebasin Namibia Petroleum Operators Association (NAMPOA) Tom Alweendo Economic Association of Namibia Namibia Investment Promotion and Development Board (NIPDB) GEP NAMCOR NAMIBIA

Namport plans N$4-billion Luderitz Port expansion to create oil and gas supply base The Namibian Ports Authority - Namport says its first phase of a N$4-billion investment in the Port of Lüderitz's Robert Harbour expansion aims to create a vital oil and gas supply base for the country’s deepwater fields. The first phase of the expansion will include constructing a 500-metre quay wall at a depth of 9 metres and reclaiming 14 hectares of land. NAMPORT Executive of Port Engineering Elzevir Gelderbloem said the Environmental Impact Assessment (EIA) is underway and expected to be completed by early 2025. "The Front-End Engineering Design (FEED) is also in progress, and a geotechnical investigation will be conducted within the next six months. The EPC tender is anticipated by mid-2025, with the first section of the new quay wall to be commissioned by mid-2027 and the final section by the end of 2028," he said. NAMPORT's short-term plan includes utilising the Port of Walvis Bay South Port as a temporary solution for oil and gas supply during the exploration and appraisal phases in the Orange Basin. https://lnkd.in/dFy-dN46 #namibia #oilandgas #walvisbay #luderitzport #portexpansion #orangebasin Namibia Petroleum Operators Association (NAMPOA) Tom Alweendo Economic Association of Namibia Namibia Investment Promotion and Development Board (NIPDB) GEP NAMCOR NAMIBIA

Incentives for Namibia’s deep water exploration urged   SNC Incorporated Managing Partner Shakwa Nyambe, LL.M (UK) has called for Namibia to implement targeted incentives to lure more companies into its deep-water oil and gas exploration sector.   Nyambe emphasised the critical need for the government to consider measures such as reducing royalty and tax rates for companies willing to undertake the significant challenges associated with drilling in deeper waters. He suggested that by easing work program requirements, Namibia could increase interest in its ultra-deepwater blocks, which currently remain largely unexplored. https://lnkd.in/d7eiuVK5 #namibia #oilandgas #taxincentives  #investment #deepwaterexploration Economic Association of Namibia GEP Namibia Investment Promotion and Development Board (NIPDB)

Namibia’s visa policies causing ops delays for oil and gas companies    The Namibia Petroleum Operators Association (NAMPOA) says the government's visa policies are imposing significant delays on oil and gas companies operating within the country. The association said the delays, particularly in securing visas for specialised expatriates essential to critical operations like drilling, are hindering the industry's progress. NAMPOA Vice Chairperson Martin Negonga said the current visa structures, including work permits and renewals, are hindering the timely execution of projects, raising concerns about the long-term impact on the industry.  This comes as local expertise in these highly specialised tasks is still developing, and thus companies rely on foreign workers to maintain momentum. "Drilling is one of the most highly specialised activities that oil and gas companies undertake. Unfortunately, in Namibia, we currently lack the skilled personnel capable of operating on some of these rigs. Therefore, companies are required to bring in expatriates with experience on these rigs to support these activities," he said at the Namibia Oil and Gas Conference.  https://lnkd.in/dDRYnEdm #namibia #oilandgas #visapolicy #jobs #skilledpersonal Economic Association of Namibia Namibia Investment Promotion and Development Board (NIPDB) NAMCOR NAMIBIA Tom Alweendo Nangula Nelulu Uaandja

Consolidated Copper restarts Namibia’s Tschudi copper plant after 4 years of closure Consolidated Copper Corp. (CCC) has successfully restarted the Tschudi copper plant in Namibia, producing LME Grade A copper cathode for the first time in four years. The restart has created over 60 new jobs for Namibians, with 75% of the refurbishment capital contracted to local Namibian suppliers. This comes as the Namibia-focused company secured the N$357 million (US$20 million) funding for the plant's restart through a secured debt facility from Triangle Resource Partners (TRP), a syndicate of some of CCC's founding shareholders. https://lnkd.in/dwheztzg #namibia #mining #copper #investment #jobs #copperplant #tschudi Tom Alweendo Namibia Investment Promotion and Development Board (NIPDB) Nangula Nelulu Uaandja Chamber of Mines Namibia Mining Weekly Leon Louw Vassia Dokopoulou #ConsolidatedCopperCorp #TschudiMine #RestartOperations #Tsumeb