2023 ended with positive developments, bringing Namibia closer to the development of three new mines. These ventures are poised to fuel growth and expansion within the sector, especially amid the prevailing high prices of gold and uranium
Bannerman Energy has achieved a significant milestone in December 2023 as the Namibian Ministry of Mines and Energy granted the Mining Licence for its flagship Etango Uranium Project in the Erongo region
Bannerman, which is developing the Etango uranium project in Erongo, has substantially increased its educational footprint through formalising a co-sponsorship of Mondesa Youth Opportunities in Swakopmund, alongside the Rotary Club of Swakopmund.
Bannerman updates on its Etango-8 project and ESG achievements
Bannerman Mining Resources (Namibia) was a winner of the highly prestigious 2023 ESG Forum Award at the African Mining Indaba in Cape Town.
Bannerman Mining Resources has boosted Namibia’s strong uranium sector credentials with the lodgement of a Mining Licence Application for the proposed Etango-8 uranium mine with the Ministry of Mines and Energy. This is a significant step towards bringing Etango-8 into production and is a major milestone in the company’s long history in Namibia, dating back […]
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?
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 […]