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Husab Mine and Chinese Exploitation

For good reason the perception of Chinese exploitation of Africa is fast gaining momentum. With 80% of Husab Mine’s general workers unable to afford decent housing, and living in shacks, while they ( Chinese) live in Swakopmund’s most luxurious suburbs, it is inevitable to question the sincerity of Chinese investments …

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Phosphate mining approved

The environment ministry approved an application by an Arab-majority owned company to extract marine phosphate from the sea, despite concerns about a lack of consultations and the danger to the ocean ecosystem. Phosphate, which will be used to make fertilisers, is expected to be extracted around 120 kilometres into the …

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Paladin lifts Q3 uranium output as Langer Heinrich output rises, costs fall

Despite Australia-based uranium producer Paladin Energy lifting saleable uranium output by 16% in the quarter ended September 30, it missed its sales guidance by 50 000 lbs of uranium oxide (U3O8), citing a re-timing of sales negatively influencing results. Total sales for the quarter amounted to 600 000 lbs U3O8, …

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