mining
11 November 2025
Africa Mining Marketmining
Nov 11, 2025Africa Mining Market
Vedanta Resources announced on November 6 the creation of CopperTech Metals Inc., a new subsidiary responsible for operating its Konkola copper mine in Zambia. As part of this restructuring, the company said it will invest an additional US$1.5 billion to increase production to 300,000 tons by 2031. The move aligns with the broader wave of growth investments in Zambia’s copper industry in recent years.
Zambia aims to raise national copper output to 3 million tons by 2031, up from 821,670 tons in 2024. Several mining companies have announced expansion projects to support this goal. Canada’s Barrick Mining plans to double output at its Lumwana mine through a US$2 billion investment, while China’s JCHX intends to inject US$300 million to extend the life of its Lubambe mine.
At Konkola, Vedanta’s planned US$1.5 billion will add to the US$3 billion already invested in recent years. These investments are intended to boost production capacity and support Zambia’s long-term growth strategy at a time when global copper demand is rising due to the energy transition and the expansion of the artificial intelligence sector.
According to the International Energy Agency (IEA), the copper supply deficit could reach 30% by 2035. Combined with recent supply chain disruptions, these trends position new and expanded mines as key contributors to future global supply, provided the announced investments materialise.
Vedanta has not yet detailed how it plans to finance the new Konkola investment, even as it works to reduce debt and strengthen its balance sheet. For now, the company expects 140,000 tons of copper output from Konkola in its 2026 fiscal year. Nationally, Zambia targets 1 million tons of production this year.
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Bhp’S Billion-Dollar Pilbara PlanBHP is reaffirming its long-term commitment to the Pilbara, with Western Australia Iron Ore (WAIO) asset president Tim Day announcing more than $1 billion in new investment for Port Hedland at the 2025 Hedland Economic Forum.
Day said BHP’s plans include the delivery of a sixth car dumper at Nelson Point, which will support sustained production of more than 305 million tonnes a year over the medium term.
“We’re investing more than $1 billion to deliver a sixth car dumper at Nelson Point,” Day said. “This will enable at least five car dumpers to run around 90 per cent of the time. It’ll generate some massive opportunities to create jobs and drive the economy here in Hedland too.”
He said the project reflects BHP’s broader focus on “writing the next big chapter” for the region through collaboration between miners, government, traditional owners, businesses and the community.
“The Pilbara is the engine room of Australia,” he said. “We need to focus on how we can unlock new projects and growth opportunities, improve liveability through better housing, healthcare and education, and create more opportunities for local industry to thrive.”
Day said local partnerships remain crucial, noting that last year BHP spent more than $730 million with nearly 300 Western Australian businesses, including $50 million through its Local Buying Program.
BHP is also collaborating with the WA Government and Core Innovation Hub to deliver the Made in the Pilbara grants program, which aims to help local businesses innovate and grow.
Decarbonisation remains a key focus for the miner. Day outlined BHP’s progress in trialling battery-electric haul trucks at the Jimblebar mine and preparing for the arrival of Australia’s first battery-electric locomotives in Port Hedland next month through its partnership with Wabtec.
“Replacing diesel isn’t just a fuel switch; it’s a transformation in how we operate, power our sites and train our people,” he said. “Electrifying our fleet isn’t just about lower emissions, it’s about smarter logistics, safer operations and a more resilient future.”
Day said BHP’s collaboration with Rio Tinto, Caterpillar and Komatsu on trialling battery-electric haul trucks in the Pilbara.
“Port Hedland isn’t just a gateway,” he said. “It’s a launchpad for the future of our industry.”
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Australian Mining
mining
14 November 20252 min readBhp’S Billion-Dollar Pilbara Plan
Australian Mining
14 November 2025
mining
Vedanta To Invest Us$1.5 Billion In Zambia To Increase Copper…Vedanta Resources announced on November 6 the creation of CopperTech Metals Inc., a new subsidiary responsible for operating its Konkola copper mine in Zambia. As part of this restructuring, the company said it will invest an additional US$1.5 billion to increase production to 300,000 tons by 2031. The move aligns with the broader wave of growth investments in Zambia’s copper industry in recent years.
Zambia aims to raise national copper output to 3 million tons by 2031, up from 821,670 tons in 2024. Several mining companies have announced expansion projects to support this goal. Canada’s Barrick Mining plans to double output at its Lumwana mine through a US$2 billion investment, while China’s JCHX intends to inject US$300 million to extend the life of its Lubambe mine.
At Konkola, Vedanta’s planned US$1.5 billion will add to the US$3 billion already invested in recent years. These investments are intended to boost production capacity and support Zambia’s long-term growth strategy at a time when global copper demand is rising due to the energy transition and the expansion of the artificial intelligence sector.
According to the International Energy Agency (IEA), the copper supply deficit could reach 30% by 2035. Combined with recent supply chain disruptions, these trends position new and expanded mines as key contributors to future global supply, provided the announced investments materialise.
Vedanta has not yet detailed how it plans to finance the new Konkola investment, even as it works to reduce debt and strengthen its balance sheet. For now, the company expects 140,000 tons of copper output from Konkola in its 2026 fiscal year. Nationally, Zambia targets 1 million tons of production this year.
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11 November 20252 min readVedanta To Invest Us$1.5 Billion In Zambia To Increase Copper…
Africa Mining Market
11 November 2025
mining
Vedanta To Invest Us$1.5 Billion In Zambia To Increase Copper ProductionVedanta Resources announced on November 6 the creation of CopperTech Metals Inc., a new subsidiary responsible for operating its Konkola copper mine in Zambia. As part of this restructuring, the company said it will invest an additional US$1.5 billion to increase production to 300,000 tons by 2031. The move aligns with the broader wave of growth investments in Zambia’s copper industry in recent years.
Zambia aims to raise national copper output to 3 million tons by 2031, up from 821,670 tons in 2024. Several mining companies have announced expansion projects to support this goal. Canada’s Barrick Mining plans to double output at its Lumwana mine through a US$2 billion investment, while China’s JCHX intends to inject US$300 million to extend the life of its Lubambe mine.
At Konkola, Vedanta’s planned US$1.5 billion will add to the US$3 billion already invested in recent years. These investments are intended to boost production capacity and support Zambia’s long-term growth strategy at a time when global copper demand is rising due to the energy transition and the expansion of the artificial intelligence sector.
According to the International Energy Agency (IEA), the copper supply deficit could reach 30% by 2035. Combined with recent supply chain disruptions, these trends position new and expanded mines as key contributors to future global supply, provided the announced investments materialise.
Vedanta has not yet detailed how it plans to finance the new Konkola investment, even as it works to reduce debt and strengthen its balance sheet. For now, the company expects 140,000 tons of copper output from Konkola in its 2026 fiscal year. Nationally, Zambia targets 1 million tons of production this year.
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11 November 20252 min readVedanta To Invest Us$1.5 Billion In Zambia To Increase Copper Production
Africa Mining Market
11 November 2025
mining
Cmoc To Expand Kisanfu Copper Mine With A Us$1.08 Billion Board ApprovalThe Democratic Republic of Congo (DRC), Africa’s top copper producer and the world’s second-largest, increasingly attracts attention amid announced shortages for the metal. The country hosts new projects likely to strengthen its production in the coming years.
On 24th October 2025, the Chinese group CMOC announced it secured board approval to develop the expansion project for its Kisanfu copper mine in the DRC. This initiative, costing US$1.08 billion, aims to increase the asset’s annual production by an average of 100,000 tonnes. This project forms part of a series of new Chinese ventures poised to reinforce Congolese copper output.
CMOC projects a two-year timeline for implementing the project, with commissioning expected in 2027. Once finalised, the expansion must increase Kisanfu’s processing capacity, which currently delivers more than 150,000 tonnes of copper annually, according to the company’s official website. The expansion announcement follows a similar optimisation project already underway at Kamoa-Kakula, another copper mine 39.6% controlled by China’s Zijin Mining.
Dubbed “Project 95,” this initiative seeks to boost copper recovery rates at the asset’s concentrators 1 and 2, generating up to 30,000 additional tonnes annually. The overall initiative aims for Kamoa-Kakula to reach an annual production of 600,000 tonnes (compared to 437,061 tonnes delivered in 2024).
In parallel, JinChuan Group, another Chinese entity active at the Ruashi and Kinsenda mines, prepares the launch of its third copper mine in the DRC. This involves the Musonoi project, with a production capacity of 38,000 tonnes per year, expected to be finalised in the second quarter of 2026. Collectively, these projects illustrate the consistently significant influence of Chinese players in the Central African country’s growing copper industry.
The DRC, the world’s second-largest producer since 2023, exported 3.1 million tonnes of copper in 2024. This result represents a 13% increase, driven by the strong performance of Kamoa-Kakula and CMOC operations.
These projects align with a favorable market context for copper, with demand expected to rise due to the energy transition and the boom in artificial intelligence. The International Energy Agency (IEA) states that the supply from current mining projects will prove insufficient to meet demand in the coming years. The institution indicates that the copper supply deficit could reach 40% by 2035.
Companies can potentially capture this market share by developing new production sources or reinforcing existing assets. This observation holds particular significance for the DRC, considering China currently represents the primary importer of its copper.
For the Central African nation, the realisation of these Chinese projects could consolidate its place among the world’s principal copper production hubs, provided existing sites remain stable. The projects could also generate higher mining revenues for the state. Kinshasa controls 20% of Kamoa-Kakula and 25% of Musonoi’s capital via the state-owned company Gécamines.
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31 October 20253 min readCmoc To Expand Kisanfu Copper Mine With A Us$1.08 Billion Board Approval
Africa Mining Market
31 October 2025
mining
Namibia’S Energy Sector To Add Us$3 Billion To Gdp And…Namibia’s emerging energy mix – spanning oil, gas, renewables and green hydrogen – is poised to transform the national economy by the end of the decade, with the combined potential to add more than US$3 billion in annual GDP and create tens of thousands of jobs.
At the Namibia Public-Private Forum held in Windhoek from 23 to 24 October 2025, Dr Grant Muller of the Namibia Green Hydrogen Association and Eduardo Rodriguez of the Namibia Petroleum Operators Association co-chaired the Energy, Oil, Gas and Green Hydrogen Working Group, outlining a consolidated strategy to align the sectors with the Sixth National Development Plan (NDP6) and the Swapo Manifesto Implementation Plan.
The working group described the four sectors as complementary and interdependent, forming the backbone of Namibia’s industrial transformation. The approach positions green hydrogen, hydrocarbons, renewables, and nuclear energy as mutually reinforcing pillars that, together, can unlock Namibia’s long-term energy security, fiscal stability, and export competitiveness.
According to projections tabled at the forum, the combined industries could lift national GDP by between 6.8% and 25% depending on the scale of investment and production achieved by 2030.
Muller said the transformation “requires no direct government equity or funding, only a stable and predictable policy environment.”
The group emphasised that precise, enabling regulation was the key to unlocking multi-billion-dollar private investments and accelerating industrialisation under NDP6.
Namibia’s green hydrogen and ammonia projects are projected to produce 2.2 million tonnes of green ammonia and 2 million tonnes of direct reduced iron (DRI) per year by 2030, surpassing the initial targets of 1.3 million tonnes.
Once commercialised, the sector could inject about US$2 billion annually into GDP and create more than 30,000 direct jobs, with an estimated multiplier effect of two to three times across supporting industries.
The working group said green hydrogen has now moved from feasibility to the financing phase, but lengthy approval processes and fragmented institutional oversight constrain the sector’s growth.
It recommended the establishment of a single inter-ministerial governance framework to coordinate permitting for land, servitudes, environmental clearances and access to export infrastructure.
The group also called for the government to designate flagship hydrogen projects as nationally strategic and to assign a responsible entity with the authority to fast-track approvals and coordination.
On financing, developers are requesting the enactment of sector-specific legislation to provide investors with protection and legal certainty for large-scale project finance. A globally competitive fiscal regime, benchmarked against hydrogen-producing countries such as Mauritania and Saudi Arabia, was also proposed to improve Namibia’s position in the global market.
In the offshore Orange Basin, Namibia’s oil and gas prospects have gained international attention following discoveries by TotalEnergies, Shell and Galp Energia. The working group said these discoveries could propel Namibia into the ranks of oil-producing nations within the decade if development is accelerated and licensing delays are resolved.
The group projects that by 2030, Namibia could have three final investment decisions (FIDs) and at least one floating production storage and offloading vessel (FPSO) in operation. This initial phase could contribute 6.8% GDP growth, equivalent to US$1 billion annually, and create about 12,000 jobs.
In a high-development scenario of four FPSOs, production could reach 150,000 barrels per day – about 55 million barrels per year – generating approximately US$3.3 billion in GDP contribution and supporting more than 45,000 direct and indirect jobs.
To maintain investor confidence, the working group recommended a phased, flexible implementation of the National Upstream Local Content Policy, with differentiated requirements for the exploration, appraisal, development, and production stages.
It also called for the regular awarding of new exploration licences, noting that none had been issued since 2022. The group urged the Ministry of Mines and Energy to finalise outstanding offers from previous bid rounds and to institute at least one annual licensing round to sustain investor momentum.
To reduce duplication and enhance efficiency, operators are proposing a system to facilitate the trading and sharing of seismic and well information among licensed companies, thereby accelerating prospect appraisal and shortening exploration timelines.
The group further proposed that Namibia ratify the ICSID and New York Conventions, which provide international arbitration mechanisms to safeguard investor rights and to introduce rebalancing mechanisms in petroleum contracts. These would allow contract terms to be adjusted fairly in the event of material changes, such as tax reforms, regulatory shifts, or force majeure events.
Namibia’s renewable energy programme, supported under NDP6, targets installing 400 MW of renewable capacity by 2030, up from the currently installed 367 MW. Solar and biomass remain the main focus areas, with projections suggesting that local photovoltaic manufacturing alone could contribute N$37 billion to GDP by 2050.
However, the group identified significant infrastructure constraints and minimal transmission capacity for electricity exports.
It called for urgent bilateral engagement with South Africa, Zambia and Botswana to explore grid interconnection and expansion opportunities, including greater utilisation of the Zambezi interconnector and flexibility to allow renewable producers access to the HVDC transmission line.
To encourage private-sector participation in energy infrastructure, the working group recommended legislative amendments that would allow private companies to invest directly in grid expansion and transmission projects.
Regarding the Modified Single Buyer (MSB) market model, the group requested that embedded-generation projects operating under take-or-pay agreements be exempted from complex scheduling and balancing rules, which they say discourage investment.
It further proposed allowing Regional Electricity Distributors (REDs) and Local Authorities (LAs) to enter short-term power purchase agreements – up to 3 years – if they can secure power at a price below NamPower’s current tariff levels, enabling cost reductions for end users.
If implemented as planned, the energy, oil, gas and hydrogen portfolio could collectively generate more than 75,000 direct jobs by 2030, with indirect employment effects exceeding 200,000.
The combined GDP contribution is projected to rise to between US$2 billion and US$3.3 billion per annum, depending on the scale of oil output and hydrogen exports.
Renewables are expected to add about 800 direct jobs, while the hydrogen and hydrocarbons sectors will account for the bulk of employment growth through industrialisation and infrastructure development.
The plan aligns with NDP6 economic targets, including achieving 7% annual GDP growth, expanding industrial exports, and supporting the Swapo Manifesto goal of transforming energy into the country’s number-one economic enabler.
The working group underscored that policy coordination, legislative certainty, and efficient institutional capacity remain the main prerequisites for success.
It is recommended that the government establish an Inter-Ministerial Energy Coordination Mechanism, with representation from the Ministries of Mines and Energy, Environment, Finance, and Industrialisation, as well as NamPower, NamWater, and NamPort.
The mechanism would ensure faster project approval, harmonised regulation, and alignment of infrastructure investments with NDP6 priorities.
As part of the following steps, the group proposed that all pending Energy and Petroleum policy instruments be finalised within six months, and that Namibia position its strategic projects as regional models for energy transition partnerships.
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28 October 20256 min readNamibia’S Energy Sector To Add Us$3 Billion To Gdp And…
Africa Mining Market
28 October 2025
mining
Namibia’S Energy Sector To Add Us$3 Billion To…Namibia’s emerging energy mix – spanning oil, gas, renewables and green hydrogen – is poised to transform the national economy by the end of the decade, with the combined potential to add more than US$3 billion in annual GDP and create tens of thousands of jobs.
At the Namibia Public-Private Forum held in Windhoek from 23 to 24 October 2025, Dr Grant Muller of the Namibia Green Hydrogen Association and Eduardo Rodriguez of the Namibia Petroleum Operators Association co-chaired the Energy, Oil, Gas and Green Hydrogen Working Group, outlining a consolidated strategy to align the sectors with the Sixth National Development Plan (NDP6) and the Swapo Manifesto Implementation Plan.
The working group described the four sectors as complementary and interdependent, forming the backbone of Namibia’s industrial transformation. The approach positions green hydrogen, hydrocarbons, renewables, and nuclear energy as mutually reinforcing pillars that, together, can unlock Namibia’s long-term energy security, fiscal stability, and export competitiveness.
According to projections tabled at the forum, the combined industries could lift national GDP by between 6.8% and 25% depending on the scale of investment and production achieved by 2030.
Muller said the transformation “requires no direct government equity or funding, only a stable and predictable policy environment.”
The group emphasised that precise, enabling regulation was the key to unlocking multi-billion-dollar private investments and accelerating industrialisation under NDP6.
Namibia’s green hydrogen and ammonia projects are projected to produce 2.2 million tonnes of green ammonia and 2 million tonnes of direct reduced iron (DRI) per year by 2030, surpassing the initial targets of 1.3 million tonnes.
Once commercialised, the sector could inject about US$2 billion annually into GDP and create more than 30,000 direct jobs, with an estimated multiplier effect of two to three times across supporting industries.
The working group said green hydrogen has now moved from feasibility to the financing phase, but lengthy approval processes and fragmented institutional oversight constrain the sector’s growth.
It recommended the establishment of a single inter-ministerial governance framework to coordinate permitting for land, servitudes, environmental clearances and access to export infrastructure.
The group also called for the government to designate flagship hydrogen projects as nationally strategic and to assign a responsible entity with the authority to fast-track approvals and coordination.
On financing, developers are requesting the enactment of sector-specific legislation to provide investors with protection and legal certainty for large-scale project finance. A globally competitive fiscal regime, benchmarked against hydrogen-producing countries such as Mauritania and Saudi Arabia, was also proposed to improve Namibia’s position in the global market.
In the offshore Orange Basin, Namibia’s oil and gas prospects have gained international attention following discoveries by TotalEnergies, Shell and Galp Energia. The working group said these discoveries could propel Namibia into the ranks of oil-producing nations within the decade if development is accelerated and licensing delays are resolved.
The group projects that by 2030, Namibia could have three final investment decisions (FIDs) and at least one floating production storage and offloading vessel (FPSO) in operation. This initial phase could contribute 6.8% GDP growth, equivalent to US$1 billion annually, and create about 12,000 jobs.
In a high-development scenario of four FPSOs, production could reach 150,000 barrels per day – about 55 million barrels per year – generating approximately US$3.3 billion in GDP contribution and supporting more than 45,000 direct and indirect jobs.
To maintain investor confidence, the working group recommended a phased, flexible implementation of the National Upstream Local Content Policy, with differentiated requirements for the exploration, appraisal, development, and production stages.
It also called for the regular awarding of new exploration licences, noting that none had been issued since 2022. The group urged the Ministry of Mines and Energy to finalise outstanding offers from previous bid rounds and to institute at least one annual licensing round to sustain investor momentum.
To reduce duplication and enhance efficiency, operators are proposing a system to facilitate the trading and sharing of seismic and well information among licensed companies, thereby accelerating prospect appraisal and shortening exploration timelines.
The group further proposed that Namibia ratify the ICSID and New York Conventions, which provide international arbitration mechanisms to safeguard investor rights and to introduce rebalancing mechanisms in petroleum contracts. These would allow contract terms to be adjusted fairly in the event of material changes, such as tax reforms, regulatory shifts, or force majeure events.
Namibia’s renewable energy programme, supported under NDP6, targets installing 400 MW of renewable capacity by 2030, up from the currently installed 367 MW. Solar and biomass remain the main focus areas, with projections suggesting that local photovoltaic manufacturing alone could contribute N$37 billion to GDP by 2050.
However, the group identified significant infrastructure constraints and minimal transmission capacity for electricity exports.
It called for urgent bilateral engagement with South Africa, Zambia and Botswana to explore grid interconnection and expansion opportunities, including greater utilisation of the Zambezi interconnector and flexibility to allow renewable producers access to the HVDC transmission line.
To encourage private-sector participation in energy infrastructure, the working group recommended legislative amendments that would allow private companies to invest directly in grid expansion and transmission projects.
Regarding the Modified Single Buyer (MSB) market model, the group requested that embedded-generation projects operating under take-or-pay agreements be exempted from complex scheduling and balancing rules, which they say discourage investment.
It further proposed allowing Regional Electricity Distributors (REDs) and Local Authorities (LAs) to enter short-term power purchase agreements – up to 3 years – if they can secure power at a price below NamPower’s current tariff levels, enabling cost reductions for end users.
If implemented as planned, the energy, oil, gas and hydrogen portfolio could collectively generate more than 75,000 direct jobs by 2030, with indirect employment effects exceeding 200,000.
The combined GDP contribution is projected to rise to between US$2 billion and US$3.3 billion per annum, depending on the scale of oil output and hydrogen exports.
Renewables are expected to add about 800 direct jobs, while the hydrogen and hydrocarbons sectors will account for the bulk of employment growth through industrialisation and infrastructure development.
The plan aligns with NDP6 economic targets, including achieving 7% annual GDP growth, expanding industrial exports, and supporting the Swapo Manifesto goal of transforming energy into the country’s number-one economic enabler.
The working group underscored that policy coordination, legislative certainty, and efficient institutional capacity remain the main prerequisites for success.
It is recommended that the government establish an Inter-Ministerial Energy Coordination Mechanism, with representation from the Ministries of Mines and Energy, Environment, Finance, and Industrialisation, as well as NamPower, NamWater, and NamPort.
The mechanism would ensure faster project approval, harmonised regulation, and alignment of infrastructure investments with NDP6 priorities.
As part of the following steps, the group proposed that all pending Energy and Petroleum policy instruments be finalised within six months, and that Namibia position its strategic projects as regional models for energy transition partnerships.
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Africa Mining Market
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28 October 20256 min readNamibia’S Energy Sector To Add Us$3 Billion To…
Africa Mining Market
28 October 2025
mining
Harmony Gold Acquires Mac Copper For Us$1.01 BillionSouth Africa’s Harmony Gold has completed the US$1.01 billion acquisition of Australia-based MAC Copper Limited. The deal gives the Randfontein-based miner ownership of the CSA copper mine, officially making it a copper producer.
While Harmony Gold has traditionally focused on gold, the company began diversifying into copper several years ago. This strategy was initially supported by the Wafi-Golpu project in Papua New Guinea and the Eva project in Australia, both still under development. The acquisition of the producing CSA mine, however, gives Harmony Gold immediate copper output.
According to MAC Copper’s website, the CSA mine produces about 40,000 tons of copper a year. Harmony Gold said it will integrate the mine’s operations into its broader production plan over the next three months, adding CSA’s output to its current fiscal-year forecasts.
The move reflects a broader trend among gold producers diversifying into copper, a key metal for the global energy transition. The same shift can be seen at Newmont Corp, the world’s largest gold producer, and Barrick Gold of Canada, which operates the Lumwana mine in Zambia.
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28 October 20252 min readHarmony Gold Acquires Mac Copper For Us$1.01 Billion
Africa Mining Market
28 October 2025
mining
Namibia’S Energy Sector To Add Us$3 Billion To Gdp And Create Thousands Of JobsNamibia’s emerging energy mix – spanning oil, gas, renewables and green hydrogen – is poised to transform the national economy by the end of the decade, with the combined potential to add more than US$3 billion in annual GDP and create tens of thousands of jobs.
At the Namibia Public-Private Forum held in Windhoek from 23 to 24 October 2025, Dr Grant Muller of the Namibia Green Hydrogen Association and Eduardo Rodriguez of the Namibia Petroleum Operators Association co-chaired the Energy, Oil, Gas and Green Hydrogen Working Group, outlining a consolidated strategy to align the sectors with the Sixth National Development Plan (NDP6) and the Swapo Manifesto Implementation Plan.
The working group described the four sectors as complementary and interdependent, forming the backbone of Namibia’s industrial transformation. The approach positions green hydrogen, hydrocarbons, renewables, and nuclear energy as mutually reinforcing pillars that, together, can unlock Namibia’s long-term energy security, fiscal stability, and export competitiveness.
According to projections tabled at the forum, the combined industries could lift national GDP by between 6.8% and 25% depending on the scale of investment and production achieved by 2030.
Muller said the transformation “requires no direct government equity or funding, only a stable and predictable policy environment.”
The group emphasised that precise, enabling regulation was the key to unlocking multi-billion-dollar private investments and accelerating industrialisation under NDP6.
Namibia’s green hydrogen and ammonia projects are projected to produce 2.2 million tonnes of green ammonia and 2 million tonnes of direct reduced iron (DRI) per year by 2030, surpassing the initial targets of 1.3 million tonnes.
Once commercialised, the sector could inject about US$2 billion annually into GDP and create more than 30,000 direct jobs, with an estimated multiplier effect of two to three times across supporting industries.
The working group said green hydrogen has now moved from feasibility to the financing phase, but lengthy approval processes and fragmented institutional oversight constrain the sector’s growth.
It recommended the establishment of a single inter-ministerial governance framework to coordinate permitting for land, servitudes, environmental clearances and access to export infrastructure.
The group also called for the government to designate flagship hydrogen projects as nationally strategic and to assign a responsible entity with the authority to fast-track approvals and coordination.
On financing, developers are requesting the enactment of sector-specific legislation to provide investors with protection and legal certainty for large-scale project finance. A globally competitive fiscal regime, benchmarked against hydrogen-producing countries such as Mauritania and Saudi Arabia, was also proposed to improve Namibia’s position in the global market.
In the offshore Orange Basin, Namibia’s oil and gas prospects have gained international attention following discoveries by TotalEnergies, Shell and Galp Energia. The working group said these discoveries could propel Namibia into the ranks of oil-producing nations within the decade if development is accelerated and licensing delays are resolved.
The group projects that by 2030, Namibia could have three final investment decisions (FIDs) and at least one floating production storage and offloading vessel (FPSO) in operation. This initial phase could contribute 6.8% GDP growth, equivalent to US$1 billion annually, and create about 12,000 jobs.
In a high-development scenario of four FPSOs, production could reach 150,000 barrels per day – about 55 million barrels per year – generating approximately US$3.3 billion in GDP contribution and supporting more than 45,000 direct and indirect jobs.
To maintain investor confidence, the working group recommended a phased, flexible implementation of the National Upstream Local Content Policy, with differentiated requirements for the exploration, appraisal, development, and production stages.
It also called for the regular awarding of new exploration licences, noting that none had been issued since 2022. The group urged the Ministry of Mines and Energy to finalise outstanding offers from previous bid rounds and to institute at least one annual licensing round to sustain investor momentum.
To reduce duplication and enhance efficiency, operators are proposing a system to facilitate the trading and sharing of seismic and well information among licensed companies, thereby accelerating prospect appraisal and shortening exploration timelines.
The group further proposed that Namibia ratify the ICSID and New York Conventions, which provide international arbitration mechanisms to safeguard investor rights and to introduce rebalancing mechanisms in petroleum contracts. These would allow contract terms to be adjusted fairly in the event of material changes, such as tax reforms, regulatory shifts, or force majeure events.
Namibia’s renewable energy programme, supported under NDP6, targets installing 400 MW of renewable capacity by 2030, up from the currently installed 367 MW. Solar and biomass remain the main focus areas, with projections suggesting that local photovoltaic manufacturing alone could contribute N$37 billion to GDP by 2050.
However, the group identified significant infrastructure constraints and minimal transmission capacity for electricity exports.
It called for urgent bilateral engagement with South Africa, Zambia and Botswana to explore grid interconnection and expansion opportunities, including greater utilisation of the Zambezi interconnector and flexibility to allow renewable producers access to the HVDC transmission line.
To encourage private-sector participation in energy infrastructure, the working group recommended legislative amendments that would allow private companies to invest directly in grid expansion and transmission projects.
Regarding the Modified Single Buyer (MSB) market model, the group requested that embedded-generation projects operating under take-or-pay agreements be exempted from complex scheduling and balancing rules, which they say discourage investment.
It further proposed allowing Regional Electricity Distributors (REDs) and Local Authorities (LAs) to enter short-term power purchase agreements – up to 3 years – if they can secure power at a price below NamPower’s current tariff levels, enabling cost reductions for end users.
If implemented as planned, the energy, oil, gas and hydrogen portfolio could collectively generate more than 75,000 direct jobs by 2030, with indirect employment effects exceeding 200,000.
The combined GDP contribution is projected to rise to between US$2 billion and US$3.3 billion per annum, depending on the scale of oil output and hydrogen exports.
Renewables are expected to add about 800 direct jobs, while the hydrogen and hydrocarbons sectors will account for the bulk of employment growth through industrialisation and infrastructure development.
The plan aligns with NDP6 economic targets, including achieving 7% annual GDP growth, expanding industrial exports, and supporting the Swapo Manifesto goal of transforming energy into the country’s number-one economic enabler.
The working group underscored that policy coordination, legislative certainty, and efficient institutional capacity remain the main prerequisites for success.
It is recommended that the government establish an Inter-Ministerial Energy Coordination Mechanism, with representation from the Ministries of Mines and Energy, Environment, Finance, and Industrialisation, as well as NamPower, NamWater, and NamPort.
The mechanism would ensure faster project approval, harmonised regulation, and alignment of infrastructure investments with NDP6 priorities.
As part of the following steps, the group proposed that all pending Energy and Petroleum policy instruments be finalised within six months, and that Namibia position its strategic projects as regional models for energy transition partnerships.
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28 October 20256 min readNamibia’S Energy Sector To Add Us$3 Billion To Gdp And Create Thousands Of Jobs
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28 October 2025
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Nigeria Targets Us$410 Billion For Clean Energy By…Nigeria plans to raise about US$410 billion by 2060 to overhaul its power system and expand clean energy sources, Vice President Kashim Shettima said during the opening of the Nigerian Renewable Energy Innovation Forum 2025. The target is to reach an installed power capacity of 277 gigawatts (GW), up sharply from the current operational capacity of 13-15 GW.
The ambitious plan comes as public finances remain under pressure. The projected 2025 federal budget of roughly US$36 billion includes an estimated US$8.5 billion deficit, representing nearly a quarter of government spending. Nigeria’s public debt stood at nearly US$97 billion in the Q1 of 2025, according to the Debt Management Office.
The government is seeking to balance its energy goals with fiscal discipline through financial reforms and private investment. In August 2025, it approved a US$2.6 billion refinancing plan to clear debts owed to 27 power producers between 2015 and 2023.
Meanwhile, electricity subsidies have been reduced by 35% after a targeted tariff hike, easing pressure on the national treasury. Local reports indicate that more than US$400 million has already been committed to domestic production of solar panels, batteries, and electricity meters.
The World Bank estimates that only 61% of Nigerians had access to electricity in 2023. With a population growing by 2.5% to 3% annually, Nigeria could add 130 million people by 2050. Rapid population growth and industrial expansion are driving up demand. The International Finance Corporation projects that electricity consumption could double by 2030.
A 2023 study in Energy Research & Social Science found that the power sector loses about US$1.9 billion annually, more than the federal health budget, due to technical inefficiencies, unpaid bills, and high grid costs, which threaten the system’s long-term viability.
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23 October 20252 min readNigeria Targets Us$410 Billion For Clean Energy By…
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23 October 2025
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Nigeria Targets Us$410 Billion For Clean Energy By 2060Nigeria plans to raise about US$410 billion by 2060 to overhaul its power system and expand clean energy sources, Vice President Kashim Shettima said during the opening of the Nigerian Renewable Energy Innovation Forum 2025. The target is to reach an installed power capacity of 277 gigawatts (GW), up sharply from the current operational capacity of 13-15 GW.
The ambitious plan comes as public finances remain under pressure. The projected 2025 federal budget of roughly US$36 billion includes an estimated US$8.5 billion deficit, representing nearly a quarter of government spending. Nigeria’s public debt stood at nearly US$97 billion in the Q1 of 2025, according to the Debt Management Office.
The government is seeking to balance its energy goals with fiscal discipline through financial reforms and private investment. In August 2025, it approved a US$2.6 billion refinancing plan to clear debts owed to 27 power producers between 2015 and 2023.
Meanwhile, electricity subsidies have been reduced by 35% after a targeted tariff hike, easing pressure on the national treasury. Local reports indicate that more than US$400 million has already been committed to domestic production of solar panels, batteries, and electricity meters.
The World Bank estimates that only 61% of Nigerians had access to electricity in 2023. With a population growing by 2.5% to 3% annually, Nigeria could add 130 million people by 2050. Rapid population growth and industrial expansion are driving up demand. The International Finance Corporation projects that electricity consumption could double by 2030.
A 2023 study in Energy Research & Social Science found that the power sector loses about US$1.9 billion annually, more than the federal health budget, due to technical inefficiencies, unpaid bills, and high grid costs, which threaten the system’s long-term viability.
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23 October 20252 min readNigeria Targets Us$410 Billion For Clean Energy By 2060
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23 October 2025
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Consultation Opens For $2 Billion Green Aluminium Production CreditThe Federal Government has opened consultation on a proposed $2 billion green aluminium production credit (GAPC) scheme to accelerate the decarbonisation of production.
The credit will provide local smelters with the “confidence to invest” in renewable energy sources to back Australian-made facilities to ensure the country secures a lasting competitive advantage in the global clean energy economy.
The GAPC is part of the government’s Future Made in Australia iniative, which is designed to support industries essential to the nation’s net-zero ambitions.
Under the proposal, aluminium smelters will receive production credits for each tonne of ‘green aluminium’ produced using renewable energy, with $2 billion allocated to the scheme until 2036.
Under the scheme, facilities will be eligible for support for every tonne of “clean, reliable, Australian-made aluminium” they make over a period of up to 10 years or to 2044, whichever is sooner.
“Australia’s aluminium smelters have long been the backbone of our manufacturing sector,” Federal Minister for Industry and Innovation and Minister for Science Tim Ayres said in a statement.
“Demand for aluminium, because of its wide range of uses including for the infrastructure necessary for the energy transition – both at home and with our trading partners – is set to grow strongly in the decades ahead,” he added.
Aluminium production contributes three to four per cent of Australia’s total greenhouse gas emissions – with the federal government looking to cut this to support 2035 emissions reduction targets.
Consultation on the design of the production credit will close on October 30, 2025. For more information and to contribute to the consultation, visit consult.industry.gov.au.
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21 October 20252 min readConsultation Opens For $2 Billion Green Aluminium Production Credit
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21 October 2025
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Sonatrach Signs Us$5.4 Billion Oil And Gas Deal With Midad…Algeria’s state-owned energy company Sonatrach said it signed a contract worth around US$5.4 billion with Saudi Arabia’s Midad Energy for oil and gas exploration and development in Algeria’s Illizi Basin.
The production-sharing contract spans 30 years with an option to extend for an additional 10 years and includes a seven-year exploration period.
Midad Energy North Africa will fully fund the investment, including US$288 million allocated to exploration. The Illizi South perimeter lies about 100 km (62 miles) south of the Algerian town of In Amenas, near the Libyan border.
Overall production by the end of the contractual period is estimated to reach around 993 million barrels of oil equivalent, including 125 billion cubic meters of natural gas.
Sonatrach is Algeria’s largest oil and gas producer and has been actively seeking foreign partnerships to boost output and modernise infrastructure.
The company has previously signed deals with international partners, including a recent US$850 million contract with China’s Sinopec for hydrocarbon development and exploration.
Earlier this month, Algeria’s energy minister said the country plans to invest US$60 billion in its energy sector over the next five years, with a focus on upstream exploration and production.
The North African nation, a member of the Organization of the Petroleum Exporting Countries, aims to strengthen its role as a key supplier of energy to international markets while meeting domestic demand and making a transition to more sustainable sources.
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15 October 20252 min readSonatrach Signs Us$5.4 Billion Oil And Gas Deal With Midad…
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15 October 2025
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