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Namibia pins hope China’s nuclear power appetite

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 …

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Specialist warns against uranium shortage

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 …

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Weatherly seek more debt financing from Orion

Weatherly has drawn down US$2 million from Orion Mine Finance to accelerate the building of the leach pads and to fund working capital requirements at Tschudi. The funds come from US$10 million uncommitted loan announced early this year. Weatherly says to ensure the loan would be sufficient to meet the necessary funding requirements the …

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