Uranium

Russia has intentions to strengthen its bilateral relation with Namibia and increase wheat trade between the two countries. “Russia has always been clear in its desire for stronger trade with Namibia but this appears not to have been realised to its full potential. “In May of this year, trade between …

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 …

Independent technical consultants – AMEC Foster Wheeler has indicated that Bannerman could save US73million on its capital expenditure for Etango. The project’s first processing optimisation study of the definite feasibility study update, together with extensive confirmatory test-work, maintains Etango’s position at the forefront of the global uranium development pipeline. Etango’s …

Deep Yellow Limited developers of Tumas 3 have commenced a 2,000m RC drilling program at the EPL 3496 deposit. According to the Australia based company drilling will target the immediate extensions of the Tumas 3 deposit for which a maiden inferred resource was announced on 27 September 2017. “This resource …

Government has granted Bannerman Resources’ Etango Uranium Project a mineral deposit retention licence with a five year extendable term. According to the company, the retention licence covers an area of 7,295 hectares, which includes the Etango ore body, two satellite deposits at Hyena and Ondjamba and all planned mine infrastructure. …

Deep Yellow Limited’s subsidiary Reptile Uranium Namibia has announced maiden mineral resource estimate (MRE) for the Tumas 3 discovery. Reptile Uranium Namibia said the MRE is encouraging at a 200ppm eU3O8 cut-off, comprises 23.5Mlb inferred mineral resources at a grade of 382ppm eU3O8. The results come after a three month …

Uranium mining activities significantly contribute to the development agenda of the government, Kornelia Shilunga deputy minister of Mines and Energy has revealed. Shilunga said the mining sector – despite continuous low uranium prices – contributed about N$161 million in royalties, whilst N$1 billion was paid in wages and salaries in …

Uranium expert and representative of the International Atomic Energy Agency, Dr Martin Fairclough, predicts the world will face a shortage of uranium within the next three decades, as demand will outweigh supply. Speaking at the opening of the Uranium International Conference in Swakopmund, Fairclough said countries should vigorously explore and …

Bannerman Resources has completed the Namibian Partner Transaction, which sees One Economy Foundation become a 5% loan-carried shareholder in the Etango uranium project in Namibia. The transaction fulfills an emerging industry-wide requirement for a minimum of 5% Namibian ownership. The One Economy Foundation was chosen as the preferred investor for …

Bannerman Resources Limited developers of Etango Mine have reported a successful first quarter positioning the company to improve Namibia’s uranium sector outlook. The company says has continued its solid progress over another successful quarter, culminating in commencement of Definitive Feasibility Study (DFS) update to gauge the capital and operating cost …