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Critical minerals news
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14 Oct 2026 · Ecofin Agency
Tsodilo Resources sets up DR Congo and Namibia units to pursue critical minerals
Canadian explorer Tsodilo Resources, which is developing the Gcwihaba rare earths project in Botswana, created subsidiaries in the DRC and Namibia to look for lithium, tantalum, niobium and copper targets in Haut-Lomami and Tshopo and copper and polymetallic targets in Kunene. It has not yet secured any licence in either country and says talks may not lead to agreements.
2 Oct 2026 · MiningFocus Africa
New Horizon Copper expands workforce ahead of Kombat copper mine restart in Namibia
New Horizon Copper, which holds 80% of Namibia's Kombat mine alongside local partners Texel and state-owned Epangelo, plans to lift headcount from about 429 to around 600 by end-2026. Commissioning of the upgraded plant is targeted for October, with production resuming in the fourth quarter after flooding halted the mine in 2025; about N$462 million has been committed to the first redevelopment phase.
25 Sept 2026 · Ecofin Agency
Chinese state firm completes USD 320m entry into Namibia's Etango uranium project
CNNC Overseas Limited completed an investment of about USD 320 million for a 42.75% direct stake in Bannerman Energy's Etango uranium project in Namibia, with rights to buy 60% of output over the mine's life. Bannerman keeps 52.25% and marketing rights to the remaining 40%, with a final investment decision expected in Q4 2026.
30 Jul 2026 · JOGMEC · official source
JOGMEC commits up to C$47.7 million to Lofdal heavy rare earth venture in Namibia with Toyota Tsusho
Japan's state resource agency JOGMEC said it will invest up to about C$47.7 million (roughly ¥5.5 billion) in TJ Namibia Rare Earths, a special purpose company formed with Toyota Tsusho to develop the Lofdal deposit, making the first payment on 23 July 2026. The project targets dysprosium and terbium for magnets in vehicle motors, with a definitive feasibility study under way and a commercialisation decision targeted within fiscal 2026.
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