First oil discovery offshore Namibia

A Brazilian energy firm has announced the first discovery of oil off the coast of Namibia. Rio de Janeiro based HRT found oil in the Wingat exploration well in the Walvis basin, although not in commercial volumes yet. Findings have led to HRT identifying “two well-developed source rocks” and “several thin-bedded sandy reservoirs that are […]

Significant uranium reserves found

Reserve estimates for the Husab uranium project in Namibia have risen 37% in proven and probable reserves to 280 million tonnes of Uranium. Kalahari Minerals, who hold a 43% stake in Extract Resources, owners of the Husab project which is potentially the second-largest uranium mine in the world has published positive results. Kalahari’s Executive Chairman, […]