From Allafrica · · 1m 20s
Namibia's Etango Mine Aims for 2028 Uranium Production
Namibia's Etango Uranium Mine targets first production by 2028, boosting national economy and export earnings.
In brief
Namibia's Etango Uranium Mine targets first production by 2028, boosting national economy and export earnings. Namibia's Etango Uranium Mine plans to start production in 2028, aiming to increase uranium exports and create jobs for Namibians. Originally reported by Allafrica.
Etango Mine Targets 2028 Production
The Etango open-pit uranium mine aims to start commissioning and first yellowcake production by the end of 2028.
Final Investment Decision
Bannerman Energy and China National Nuclear Corporation Overseas approved a $353-million development in Namibia's Erongo region.
Minister Amutse's Support
Minister Modestus Amutse welcomed the development, stating the mine could contribute significantly to national development.
Annual Production Capacity
The mine plans to produce approximately 3.5 million pounds of uranium oxide annually once operational.
Namibia's Uranium Position
Namibia ranks third globally in uranium production, accounting for 12% of worldwide output.
Bannerman's Milestone
Bannerman managing director Gavin Chamberlain called the final investment decision a defining moment for the company and Namibia.
Local Employment Focus
99% of Etango's 629 workers are Namibians, with local businesses gaining experience through the project.
Future Economic Goals
Namibia aims to overtake Canada in uranium production as the mine begins operations by 2028.
What to remember
Namibia's Etango Uranium Mine plans to start production in 2028, aiming to increase uranium exports and create jobs for Namibians.
