Russians plan N$9 billion uranium mine

Staff Writer

Russian state-owned atomic energy firm, Rosatom plans to begin mining uranium in Namibia by 2029, with an initial investment of roughly N$9 billion.

The firm, through its worldwide mining company Uranium One, intends to finish the prospecting and exploring phase of the Wings project by 2026.

Exploration began in 2010, with geological studies completed between 2018 and 2021 establishing the presence of a substantial uranium deposit of the sandstone type with a 25 year support.The project’s annual output is estimated to be 3,000 metric tons of uranium and Uranium One will use the In Situ Leaching (ISL) technology, which is the primary method of uranium mining around the world but a first in Namibia, to ensure effective and sustainable output.With an anticipated lifespan of 25 years, the project will move on to the next stage of development after data collecting, an environmental impact analysis, and cost estimates.Wings Project Manager, […]

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