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 […]

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