Rossing Uranium aim for more spot market earnings


Rössing Uranium mine at Arandis in the Erongo Region plans to continue pushing for more revenue uranium oxide sales on the spot market, this year, which results in the company benefiting when uranium prices are high, senior company officials told journalists last week.

Managing Director, Johan Coetzee and General Manager, Commercial and Marketing, Jingtao Frank Chang said in response to questions from the media that spot prices enable the company to earn extra money on top of the earnings from fixed contracts.

In 2022, Rössing produced 5.9 million pounds U3O8 (uranium oxide), but only sold 5.7 million pounds U3O8, according to its 2022 Sustainability and Performance Report.A total of 2.6 million pounds were shipped to western converters and sold to customers in North America, Asia (excluding China) and Europe, Middle East and Africa (EMEA). A total of 1.3 million pounds were shipped and sold to China. An additional 1.8 […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet