info_e12wt4cs – Page 464

08 Jan

Drop in manganese exports could hit Lüderitz

info_e12wt4csObserver MoneyDrop in manganese exports could hit Lüderitz, United Manganese of Kalahari (UMK)

In what could be bad news for the port of Lüderitz, which is used to export manganese from South Africa, United Manganese of Kalahari (UMK) has announced that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being. “Softened demand side conditions have informed our decision to ease production and sales,” said UMK chief executive Malcolm Curror. He added that the company will return to normalised outputs when the market recovers. Curror noted that the temporary slowdown in production and sales…

08 Jan

Oil rig leaves Namibia

info_e12wt4csEnergy, Observer MoneyDeepsea Bollsta, Oil rig leaves Namibia

Northern Ocean Ltd, which has been operating an oil rig offshore Namibia has said that a subsidiary of Shell Plc did not exercise the remaining option available under the Deepsea Bollsta contract for work in Namibia. The Deepsea Bollsta is available from June 2024, and the company continues its ongoing dialogue with potential customers in the West African region and in harsh environment markets. The Deepsea Bollsta successfully transited from Norway to Namibia in December 2022 and commenced drilling exploration and appraisal wells in the Orange Basin. “The rig has maintained outstanding performance with the crews demonstrating the superior capabilities…

08 Jan

Osino, Dundee deal sealed

info_e12wt4csObserver MoneyDundee deal sealed, Dundee Precious Metals Inc., Osino

Osino Resources has announced that it has completed the initial tranche of its previously announced non-brokered private placement of common shares of the company to Dundee Precious Metals Inc. The company issued 4,424,779 Common Shares to DPM at a price of C$1.13 per common share for aggregate gross proceeds to the company of C$5,000,000.27. The initial tranche of the offering was completed in connection with the arrangement agreement dated 17 December, between Osino and DPM whereby DPM will acquireall of the issued and outstanding common shares of Osino pursuant to a court-approved plan of arrangement. After giving effect to the…

08 Jan

International reserves drop to N$50.6 billion

info_e12wt4csObserver MoneyInternational reserves drop to N$50.6 billion

The Bank of Namibia’s stock of international reserves declined in November by 1.5% month to month to N$50.6 billion, relative to N$51.4 billion in October. The central bank said the decline is attributable to higher commercial bank outflows as a result of a rising import bills. The foreign reserves translated into 5.1 months of import cover, continuing to remain above the international benchmark of three months and adequate to support the Namibia Dollar and the South African Rand currency peg. The central bank said the overall liquidity position of the banking industry decreased at the end of November. The industry’s…

08 Jan

Futsal Namibia Gears Up for 2024 CAF Futsal Qualifiers: Unveils Preliminary Squad and Head Coach

info_e12wt4csSportsFutsal Namibia Gears Up for 2024 CAF Futsal Qualifiers: Unveils Preliminary Squad and Head Coach

Windhoek, Namibia - Futsal in Namibia is abuzz with excitement as Futsal Namibia sets its sights on the 2024 CAF Futsal qualifiers. Following the revelation of the qualifiers in Cairo, Egypt, Futsal Namibia has announced the commencement of rigorous preparations for the highly anticipated event. The preliminary squad is set to kick-start their training on January 8, 2024.A major milestone in Futsal Namibia history, is the appointment of Mr. Donawald Modise, the Coach of Ballers Futsal Club, as the newly appointed Head Coach of the Namibia Futsal National Team. Mr. Modise’s impressive reservoir of experience and unparalleled expertise and commitment…

08 Jan

Brave Warriors Ready to make a mark at AFCON 2024

info_e12wt4csSportsBrave Warriors Ready to make a mark at AFCON 2024, TotalEnergies Africa Cup of Nations (AFCON)

The Tafel Lager Brave Warriors are gearing up for the 2024 TotalEnergies Africa Cup of Nations (AFCON) under the guidance of Coach Collin Benjamin. Coach Benjamin has trimmed down the squad to 23 players, whose responsibility is to ensure that Namibia make a significant impact in Cote D’Ivoire. The selected squad is a mix of seasoned players and emerging talents. The likes of Loydt Kazapua, Ryan Nyambe, Denzil Haoseb, Ivan Kamberipa, Charles Hambira, Absalom Iimbondi, Petrus Shitembi, Marcell Papama, Deon Hotto, Peter Shalulile, and Joslin Kamatuka bring their weight of their previous AFCON journey in 2019, offering a wealth of…

08 Jan

The Russo-Ukrainian conflict: Will the endgame be a replica of the Korean Armistice?

info_e12wt4csOpinionsChristian N. Haikali, The Russo-Ukrainian conflict: Will the endgame be a replica of the Korean Armistice?

Christian N. Haikali On 27th July 1953, one of the major Post-World War II armed conflicts was brought to a halt after three years of stalemate. A product of the Cold War era, the Korean conflict was ceased after the delegates of both belligerent sides, the South Korean and the North Korean side, met and signed the Korean Armistice in the village of Panmunjom in Korea, marking the beginning of the still-existing ceasefire between the two Koreas. What was the Korean War?Fought between North Korea and South Korea from 1950 to 1953, the war began on 25th June 1950 when…

08 Jan

57 fatalities recorded during the festive season

info_e12wt4csNational News

Hertta-Maria Amutenja According to the Namibia Police Force, the country has recorded 57 deaths as a result of road accidents during the festive season.The latest road traffic crash comparative statistics for the period between 17 November 2023 and 1 January 2024, reveal that the country’s road accident fatalities marked a 14 percent decrease from the previous year’s toll of 66 fatalities.The report further reveals a five percent surge in overall road crashes and a two percent increase in injuries.“The latest road traffic crash statistics reveal a 14 percent decrease in fatalities. While this may be a positive development, the overall…

08 Jan

Environment Ministry urges vigilance amidst rising wildlife attacks

info_e12wt4csNational NewsEnvironment Ministry urges vigilance amidst rising wildlife attacks

Hertta-Maria Amutenja The Ministry of Environment, Forestry, and Tourism has called upon community members to exercise extreme caution and guard against potential attacks by wild animals. The alert follows a series of tragic incidents in the Kavango East region, where crocodile attacks claimed the lives of two individuals within this month. The first tragedy occurred on 01 January 2024 in Shikoro village, where a female resident, Mudi Muhembo, was reported to have been fatally attacked by a crocodile while fetching water. The second incident unfolded on 04 January 22024 in the Mutjiku area, claiming the life of 17-year-old Bunewero Peter…

08 Jan

Remains of child found inside killer crocodile

info_e12wt4csNational News

The week-long search for the remains of a nine-year-old child along the banks of the Kavango River ended when officials of the Ministry of Environment, Forestry and Tourism killed a huge crocodile.The crocodile dragged the child who was visiting his grandmother in Angola into the water when he and some other children went to wash themselves in the river. According to the Ministry’s Spokesperson, Romeo Muyunda, the remains of the victim were found inside the reptile when officials opened its belly on Sunday afternoon.Muyunda said the MEFT regrets the tragic incident and conveyed sympathy to the family of the victim.