7 February 2012

Namibia: New Player On the Block for Country's Resources

A US-Owned outfit, Nabirm Company, planning to enter the mining industry in Namibia, was introduced to the Namibian public at a glitzy event at the Hilton Hotel last Friday evening by high-level Government officials and business people.

Global Brand & Marketing Manager of Nabirm Global, LLC, Lola Arwolo, said the company has "great things" in store for Namibia and the Southern African Development Community (SADC). Nabirm is an affiliate of the Masada Research Group, a globally recognised alternative energy vendor based in the United States.

Masada launched Nabirm Global, LLC, that was formed with Alfred Seawright and Namibian businessmen Olayinka Arowolo and Andrew Ipinge, who are the local partners and responsible for the company's day-to-day functions. The Masada African operations will be headquartered in Windhoek, from which it intends to launch its 'hub and spoke' system.

Masada intends to collaborate with a number of international companies on waste-to-energy projects in Namibia, as well as with international petroleum companies.

It further envisages to execute a suitable partnership agreement with GEM Capital in New York City to finance select projects in Namibia, particularly the Kudu Gas Project. Discussions on the raising of funding for the Kudu Gas project have already started in collaboration with the National Petroleum Corporation of Namibia (Namcor). Nabirm is also in negotiations with State-owned Epangelo Mining to explore and develop strategic minerals like uranium.

The company holds exclusive prospective licences - numbers 4676 and 4677 - through a local affiliate company, Thula Investments. The EPLs are for the prospecting of base and rare metals, industrial minerals, non-nuclear fuel, precious and dimension stones, and precious metals.

It has applied for several oil blocks EPLs on- and offshore Namibia. It said it is willing to partner with several companies in Namibia, and wants to add value to its EPLs and oil blocks.

It further intends to engage on a number of empowerment projects to benefit the Namibian people, vowing to identify beneficiaries in its mining areas to be involved in all mining and exploration activities "from start to finish".

It intends the construction and development of a world class mining and research centre in Windhoek which will train Namibians.

Copyright © 2012 The Namibian. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.