Windhoek Observer

Chamwe Kaira Paladin Energy, whose only producing mine is the Langer Heinrich Mine, has secured 13 uranium sales agreements with international customers. The contracts cover 24.1 million pounds of uranium oxide through 2030. The agreements, disclosed as of 30 June 2025, include fixed-price, market-related and base-escalated pricing mechanisms, mostly denominated in US dollars. Pricing references published spot and term uranium prices and may include floor and ceiling limits. Paladin said global demand is supported by existing reactors, new construction and life extensions in the United States and other countries.  “Commitments made at COP28 and COP29 to triple nuclear capacity by…

Chamwe Kaira Andrada Mining Limited reported a 32% increase in revenue to £23.8 million (N$563 million) for the year ended 28 February, supported by stronger tin prices, higher contained tin production, and initial sales of tantalum. The average realised tin price rose 21% to US$31 081 per tonne, helping offset rising costs. Chief financial officer Hiten Ooka said the cost of sales rose 28%, largely due to a 22% increase in production costs driven by higher maintenance expenses from unplanned plant outages. Finance expenses climbed to £6.3 million, adding pressure on net earnings. The royalty charge increased sharply from £0.1…

Diamond prices fell in many categories in August as the US tariffs impacted demand for Indian goods. Prices of rounds weakened, though fancies were stable. Deep uncertainty dampened sentiment. US retail and wholesale were steady. The RapNet Diamond Index (RAPI) for 1-carat goods — reflecting round, D to H, IF to VS2 diamonds — fell 1.1% in August. The index for 0.30- and 0.50-carat stones declined 3.8% and 3.9%, respectively. Larger stones continued to outperform smaller items, with the 3-carat RAPI increasing 0.4%. US President Donald Trump implemented 25% duties on Indian goods from 1 August and 50% from 27…

The chief executive officer of Letshego Microfinancial Services Namibia, Melvin Hosea Angula, addressed global policymakers this week at the Alliance for Financial Inclusion's (AFI) Global Policy Forum 2025 in Swakopmund, sharing how AI, digital identity, and microfinance can close the financial inclusion gap in Africa. Angula’s presentation, titled Leveraging Technology to Improve Supervision and Regulation: The Taamba Maris Case Study, highlighted Namibia’s first instant mobile credit product developed with MTC Maris. He said the platform is transforming access to finance while giving regulators real-time visibility. “We built Taamba Maris not just for speed, but for trust. By embedding safeguards like…