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 […]