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Chamwe Kaira Swakop Uranium executive president Irvine Simataa has confirmed a recent visit to Zambia by company officials. He described Zambia as a highly prospective and progressive mining region in the SADC. Simataa said the visit had two objectives. The first was on behalf of its majority shareholder, CGNPC Uranium Resources Company (URC), to meet with government, private sector, and other stakeholders for exploratory talks on possible partnerships to develop uranium projects in Zambia. The second objective was for Swakop Uranium to build technical relationships with Zambian mining peers operating mines similar in scale to the Husab Mine. This effort…

Chamwe Kaira Deep Yellow, which is developing the Tumas Project in the Erongo Region, has released an update on the uranium market in a report titled Uranium Demand and Supply Equation – A Total Mismatch. Managing Director John Borshoff said China continues to show strong growth, the European Union supports nuclear energy, India is projected to become the world’s third-largest economy by 2027, with nuclear as a key energy source, and the Middle East is advancing its nuclear ambitions. Borshoff said uranium supply has declined for over a decade. He noted that Kazatomprom appears to be in trouble, while Cameco…

CHAMWE KAIRA  De Beers Group has announced that its auctions business has resumed operations following the successful relocation of the business’s headquarters from Singapore to Gaborone. The completion of this relocation unites De Beers Group’s global diamond trading activities in Gaborone, enhancing operational efficiency and supporting Botswana’s position as a major player in the global diamond value chain. With auction sales now being re-established, De Beers Group ran a small-scale trial event for Sightholder customers during Cycle 3. The event generated substantial interest, with a high number of customers viewing lots and participating, resulting in the majority of lots being…

CHAMWE KAIRA  The board of directors of Bank Windhoek has announced the retirement of Jacobus Christiaan “Koos” Brandt as a non-executive director of Bank Windhoek. The group said Brandt retired from the board on 30 April, concluding an illustrious career of over four decades with Bank Windhoek and Capricorn Group Limited. Brandt is one of the founders of Bank Windhoek, leading the group of visionary entrepreneurs who established Bank Windhoek in 1982. He has served Capricorn Group and Bank Windhoek with distinction in various leadership capacities. Notably, Brandt was the chairperson of Bank Windhoek from 1982 until 30 June 2017,…