Uranium prices had remained low for more than a decade, following Japan’s Fukushima Daiichi nuclear power plant accident in 2011, which sparked a sharp decline in the demand for nuclear energy. However, over the past few months we have witnessed a rapid turn of fortunes in the price of uranium over a short period of time. Uranium is currently trading at $50/lb, which is a 170% increase in less than 36 months. So, what is driving this price increase, and what does it mean for our country?
Much is being written about the increasing “must” of ESG. Even more on the need for the Private Sector to do more – by investors, the Public Sector, through to consumers.
With the guidance of a world-class Technical Steering Committee, Bannerman Mining Resources (Namibia) is nearing completion of the Definitive Feasibility Study (DFS) on its Etango-8 Uranium Project, near Swakopmund. Although Bannerman has been busy at Etango since 2006, the “Etango-8” project is a smaller development pathway for the mine that will enable uranium production sooner […]
Rössing Uranium officially launched its 2021 report to stakeholders, on 08 June 2022. Speaking at the launch, Rössing Uranium’s managing director, Johan Coetzee said, the primary purpose of the annual stakeholder report is to communicate timely, reliable, and relevant information to inform and announce the company’s achievements and performance for the period under review. He […]
Rössing Uranium in partnership with Arandis Town Council and Wesbank Transport, a division of FP du Toit planted 60 trees at three schools in Arandis, as part of the annual World Environment Day celebration. In order to assist the schools with maintaining the trees, 10 watering cans were also donated to each school. Over the […]
The Ministry of Education, Arts and Culture, in collaboration with the Namibian Uranium Association and various other stakeholders, held it’s annual career fair from the 10th – 13th May at the Swakopmund Multipurpose Centre. The Namibian Uranium Association, Rössing Uranium, Swakop Uranium, Orano Mining Namibia, Langer Heinrich Uranium and Reptile Mineral Resources and Exploration were […]
Standard Bank Namibia’s Corporate and Investment Banking (CIB) division announces a five-year agreement with AfriTin Mining. The deal enables the Uis-based miner to fund the phase 1 extension of its processing plant, increasing output by 67% from 720 to 1200 tonnes per year (tpa). The phase 1 extension will be completed by the second quarter. […]
The Twin Hills Trust, in partnership with the Development Workshop of Namibia, supports early childhood development in Omaruru Achieving a high standard of ESG (Environmental, Social and Governance) performance is important for any successful and forward-looking company. At Osino Resources Corp., a Canadian gold exploration and development company active in Namibia, sustainability is central to […]
Rössing Uranium recorded its lowest All Injury Frequency Rate (AIFR) of 0.29 in 2021, the best performance in the history of the mine. Rössing’s manager for Health Safety Environment and Protection Services (HSE & PS), Jacklyn Mwenze, shares what this achievement means to the business. “Our goal is for every member of the workforce to […]
On 25 November 2021 and under the auspices of the Radiation Safety Working Group of the Namibian Uranium Association’s Uranium Institute, the Security and Emergency Services Department of Rӧssing Uranium and members of the Working Group conducted a joint emergency drill inside. As we have witnessed a number of Transnamib derailments in recent times, the […]