Here’s what’s happening in Namibia and which ASX uranium shares are being impacted

It certainly has not been a great day to be an investor in ASX uranium shares.

Two prominent shares have taken a sizeable tumble on Tuesday due to news out of one of Africaâs smallest countries, Namibia.

During Tuesdayâs session, comments from the government of the southern African country, with a population of just over 2.5 million, have wiped off half a billion dollars from the combined valuations of Deep Yellow Limited ( ASX: DYL ) and Paladin Energy Ltd ( ASX: PDN ).

This follows a 20% decline by the Paladin Energy share price and a 10% fall from Deep Yellow’s shares. What is going on with ASX uranium shares and Namibia? Reports claim that the Namibian government is looking to acquire minority stakes in mining operations across the country. Bloomberg quotes Namibiaâs Mines and Energy Minister, Tom Alweendo. He said: We are making a case that local ownership must start […]

About the author: StockMan

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