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Uranium production predicted to rise

Uranium production in the country is forecast to rise by 50 percent, year-on-year this year, double the rate of expansion from last year’s 20 percent, a research firm has said. Fitch Solutions Macro Research’s recent Africa Monitor report for Southern Africa said depressed uranium prices due to overcapacity led to …

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New prospects for Bannerman Resorces

Bannerman Resources developers of Etango Uranium Project one of the world’s largest undeveloped uranium projects have recently completed reconnaissance drilling program on exclusive prospecting licence (EPL) 3345. “We are very encouraged by the potential for resources at the Ombepo target, located 7 km from the proposed Etango primary crusher. “The …

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Tumas indicates extensive uranium mineralisation

Deep Yellow’s broad delineation drilling in the Tumas 1 East area on EPL3497 has been completed indicating extensive uranium mineralisation. “Our work on the Reptile Project is again confirming the very high prospectivity of the Tumas palaeochannel system that has been identified. The new zone of mineralisation that has been …

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Rio sells uranium stake Rössing Uranium mine

Rio sells uranium stake Rössing Uranium mine Rio Tinto has plans to offload its stake in Rössing Uranium Mine to China General Nuclear Power Company (CGNPC). Though the mining giant has not officially acknowledged the negotiations with CGNPC, energy minister Simeon Negumbo has confirmed the development to media. Rio has …

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Drilling kicks off at Reptile project

Deep Yellow has commenced a 10,000m RC drilling program on the Reptile Project within EPLs 3496 and 3497. The project under Reptile Uranium Namibia  is to assess approximately 40km of the 100km of highly prospective palaeochannel system that has been delineated and remaining to be tested. This system includes the …

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Rising trajectory for Etango

Etango Project strongly progressed in the last quarter of 2017 buoyed by improved uranium market, Bannerman Resources the developer has said. “The December quarter yielded excellent improvements to the Etango Project’s projected economics with the Processing Optimisation Study confirming significant reductions in estimated capital costs and opportunities for operating cost …

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Etango displays progressive shoot

Bannerman, the developers of Etango Uranium Mine have successfully progressed through the initial test work phase of a membrane study at the Etango Heap Leach Demonstration Plant, the company announced. The study has validated the potential for further capital and operating cost reductions, to be confirmed in the DFS Update. …

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GoviEx Uranium scoops mining project award

GoviEx has been awarded the gold award as ‘Best Mining Project’ at the Africa Investment Forum and Awards (AIFA) in Paris, France. The AIFA is an event dedicated to Africa business opportunities in fields such as mining, energy, infrastructure, and real estate. The award is a result of rigorous judging …

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Uranium future growth engine for the economy

Business Monitor International (BMI) researchers have said uranium mining will be the main engine of growth in the coming quarters. The analyst’s latest Africa Monitor Report indicates that Namibia’s mining sector is seeing robust growth, posting 25.8 percent year-on-year growth in the second quarter of the year, led mainly by …

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