Monday, June 5, 2023
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • Events
  • SAT Jobs
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • Events
  • SAT Jobs
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
The Southern African Times
No Result
View All Result
Home

Namibia to see more mines reopening amid rising uranium prices

by SAT Reporter
July 6, 2022
in in Southern Africa, Namibia
0
Namibia to see more mines reopening amid rising uranium prices
0
VIEWS

Namibia will see more mines reopening amid rising prices of uranium, the fuel used to produce nuclear energy.

The Chamber of Mines of Namibia (CoM), which is responsible for the stewardship of mining and exploration in the country, has said that the country “must be clear and unequivocal in its quest to promote Namibia as a preferred source and producer of uranium.”

In its newsletter availed Tuesday, the chamber also emphasized integrating uranium into Namibia’s green hydrogen plans.

“Uranium has long been neglected despite its relevance in a carbon-free or green energy future. Green hydrogen has been exclusively singled out as a national strategy on energy transition but the conversation should be expanded to include the exploitation of uranium which is a significant clean energy source,” said the member-based organisation.

The CoM further highlighted the need to adopt a policy that would fast-track the exploitation of the resource to attract foreign direct investment and create much-needed jobs in the mining industry.

Namibia is the second-largest producer of uranium but also holds the 7th largest resource of Uranium. Its Rossing Uranium and Swakop Uranium are the main producers in Namibia and have accounted for 6,784 tonnes of uranium production in 2021.

Up to four mines, however, have been placed on care and maintenance due to low uranium prices. Langer Heinrich Uranium, for instance, was placed on care and maintenance in 2018. At its peak, Langer Heinrich employed around 500 permanent employees and produced 2,000 tonnes of uranium a year.

“Due to improved uranium prices, Paladin Energy has now secured funding to restart Langer Heinrich by 2023, with an LoM (Life of Mine) of 17 years,” the CoM said.

Another earmarked project is the Bannerman Resources’ Etango project, which could potentially become the second biggest uranium mine after Swakop Uranium due to its large shallow resource base, according to the CoM.

Bannerman will complete the bankable feasibility of its scaled-down Etango-8 project in September 2022 and could signal the construction and start of the mine, the CoM concluded.

Previous Post

South Africa’s power utility, trade unions reach agreement on wage talks

Next Post

Boris Johnson ‘regretfully’ announces resignation, will remain PM until successor is chosen

SAT Reporter

Related Posts

Namibia Seeks Minority Stakes in Mining and Petroleum Producers to Maximise  Resource Value
Namibia

Namibia Seeks Minority Stakes in Mining and Petroleum Producers to Maximise Resource Value

by SAT Reporter
May 31, 2023
Tanzania Seeks Competent Global Investor for Dar es Salaam Port
Tanzania

Tanzania Seeks Competent Global Investor for Dar es Salaam Port

by SAT Reporter
May 25, 2023
Angolan President Acknowledges Chinese-Built Hydropower Station’s Socioeconomic Potential
Angola

Angolan President Acknowledges Chinese-Built Hydropower Station’s Socioeconomic Potential

by SAT Reporter
May 22, 2023
Zambia Aims to Attract Chinese Investment at China-Africa Expo
Zambia

Zambia Aims to Attract Chinese Investment at China-Africa Expo

by SAT Reporter
May 17, 2023
Zambia Celebrates Labor Day with Call for Economic Growth
Zambia

Zambia Celebrates Labor Day with Call for Economic Growth

by SAT Reporter
May 2, 2023
Next Post
Boris Johnson ‘regretfully’ announces resignation, will remain PM until successor is chosen

Boris Johnson ‘regretfully’ announces resignation, will remain PM until successor is chosen

Browse by Category

  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • BRICS
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • North-Eastern Africa
  • Opinion
  • Politics
  • Racism
  • Rwanda
  • SAT Jobs
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Sustainablity
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa News african footballer African investments African news African start-up Agriculture banking Business China Classic Climate change Content currency economy Explore Bali Finance football Health Investment Kenya Life Style Markets Market Stories Nigeria oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home technology Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • Events
  • SAT Jobs
  • About Us
    • Advertise with Us
    • Contact Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?