Uranium in Namibia
(Updated October 2016)
- Namibia has two significant uranium mines capable of providing 10% of world mining output. A larger mine is set to start production.
- Its first commercial uranium mine began operating in 1976.
- There is strong government support for expanding uranium mining and some interest in using nuclear power.
Uranium was discovered in the Namib Desert in 1928, but was not until intensive exploration got under way in the late 1950s that much interest was shown in Rössing. Rio Tinto discovered numerous uranium occurrences and in 1966 took the rights over the low-grade Rössing deposit, 65 km inland from Swakopmund.
Two other significant deposits found in early exploration were Trekkopje, a calcrete deposit 80km NE of Swakopmund and near Rössing, and Langer Heinrich, a calcrete deposit discovered in 1973 by Gencor, 80 km inland from Walvis Bay and 50 km southeast of Rössing.
In April 2011 the Namibian government announced that its state-owned mineral exploration company, Epangelo Mining Ltd, would have exclusive control over new strategic minerals developments, including uranium. However, this does not apply retrospectively or amount to nationalisation of existing mines or leases. Paladin and Kalahari have both expressed confidence that their assets are not at risk of expropriation, and in April 2012 Epangelo agreed to buy a share of the Etango project and pay a corresponding share of development costs. A task force was formed in May 2010 by Epangelo and Russia's ARMZ, which briefly seemed to threaten existing developments, but the government gave strong reassurance then. New exploration licences will be granted only to Epangelo, and others interested will need to negotiate farm-ins with it, to become joint-venture partners.
Over 2011-12 a Strategic Environmental Assessment was undertaken over the whole uranium province inland from Swakopmund and Walvis Bay. This addressed the whole region and all the projects, and is to result in a Strategic Environmental Management Plan to be implemented by the government and individual project companies.
||Measured & indicated
||219,270 tU in 0.02% ore**
||800 tU in 0.018% ore
||20,656 tU in 0.024% ore
||25,354 tU in 0.022% ore
||57,500 tU in 0.055% ore
||9,200 tU in 0.06% ore
||26,000 tU in <0.011% ore
||3,000 tU in 0.01% ore
||137,700 tU in 0.039% ore
||50,000 tU in 0.029% ore
||39,700 tU in 0.0167% ore
||8,500 tU in 0.014% ore
||57,330 tU in 0.019% ore
||24,630 tU in 0.016% ore
||palaeochannel & hard rock
||2500 tU in 0.010% ore
||19,600 tU in 0.008% ore
||10,400 tU in 0.036% ore
||6950 tU in 0.036% ore
||10,900 tU in 0.0125% ore
** in addition to 33,900 tU proven & probable reserves, see below.
* reserves are 46,000 tU at 0.0165%U,
Namibia Uranium Production – tonnes U
Both China and India are interested in acquiring uranium from Namibia. Chinese companies have taken major equity positions, notably with Husab, but also Langer Heinrich. India is discussing how to open the way to be able to buy Namibian uranium, at present ruled out by Namibia’s non-proliferation commitments – see final section below.
One of the aspects of the Strategic Environmental Management Plan is water supply. Since 2010 water has been supplied to Trekkopje from a coastal RO desalination plant 20 km north of Swakopmund in the Erongo region with about 20 million m3/yr output and requiring 16 MWe from the grid. Some of this water, up to 10 million m3 per year, is available to other mines. In 2016 the plant was supplying 5.04 million m3/yr to Namibian Water Corp (NamWater) for Rössing and Husab (reported to be taking 2 million m3/yr). Rössing requires about 3 million m3/yr. Langer Heinrich was also being supplied earlier. However, the commercial arrangements for maintaining and operating the plant are contentious, and lead to costs to these companies of at least $4 per cubic metre.
The plant is owned by Erongo Desalination Company which was a joint venture of Areva and a local company, United Africa Group, but the latter is apparently no longer involved. It is operated by Aveng Water Treatment Namibia. Areva Resources Namibia plans to sell down its share to Namibia Water, retaining only 10-20% to provide for Trekkopje. In 2016 it put a price of N$ 3 billion ($216 million) on the plant, which is capable of expansion to 26 million m3/yr. The government declined the offer, and said it would proceed with building a new plant in a public-private partnership, reviving an earlier proposal for a 60 million m3/yr capacity plant adjacent, costing $145 million. This could be operational by 2019, with Namibia Water holding 30% initially. Some expansion of Erongo's capacity was expected by the end of 2016.
In July 2014 Rössing Uranium said that it had been unable to reach agreement on purchasing water long-term from Erongo at a satisfactory price, so would set up its own 3 million m3/yr (8200 m3/d) RO plant near Swakopmund. However, the Ministry of Environment & Tourism has rejected this proposal.
The coastal towns of Swakopmund and Walvis Bay are short of water. Sources such as the Omaruru delta and Kuseb River aquifers dwindled in 2013 during Namibia's worst drought for 30 years, and in August 2016 the President declared a state of emergency since the drought then was unparalleled. The Erongo plant supplies some water to Swakopmund.
Rössing Uranium Ltd was formed in 1970 (now 68.6% Rio Tinto, 15% Iranian Foreign Investment Co., 10% Industrial Development Corporation of South Africa, 3% Namibian government). The company has mined the deposit from 1976 as a large-scale open pit in very hard rock. Rössing has nominal capacity of 4000 tU/yr and to the end of 2011 had supplied 101,123 tU. Annual production is tabulated above.
Rössing's reserves at the end of 2015 were 6270 tU proven at 0.027 %U, and 33,250 tU probable, at 0.030% U in ore (calculated without allowing for 85% mill recovery). Its uranium is sold to power utilities in Central Europe, North America and South-East Asia including China.
After three years evaluation it was decided in December 2005 to invest US$ 112 million to further develop the Rössing mine, extend its life to 2016 and increase the output to 3400 tU/yr. In 2007 Rio Tinto proposed a further expansion to 3800 tU/yr from 2012 and extending mine life. The first phase extended mining in 2008 to a new small orebody, introduced radiometric ore sorting to beneficiate material from stockpiled coarse ore, and commissioned a new 1200 t/day sulfur-burning acid plant also producing 9.5 MWe net of electricity. Phase 2 defined in 2008 included heap leaching of low-grade ore and development of other small satellite orebodies with different mineralisation and hence needing a new treatment plant for them. For Rössing, 2007 was a year of consolidation, preparing for increased production. Unit costs therefore rose to US$ 38 per pound ($99/kgU) from $22 ($57/kgU) in 2006.
In 2013 resources for the Z20 orebody, south of the main pit, were quoted, with 46,274 tU at higher grades than the main orebody, and in 2014 development was said to be feasible when the uranium price returned to $60/lb.
The company reported losses in 2010, 2011, 2012 and 2014, but was profitable in 2013 after major cuts in expenditure and layoffs. In 2015 the company announced that it expected to continue production to 2032, with current reserves taking it to 2025.
In 2011 the Namibian government initiated negotiations with Iran regarding holding in trust the Iranian 15% share in Rössing while UN sanctions on Iran apply, or Epangelo buying that share. As of May 2014, Epangelo did not have any equity in Rössing.
Rössing uses about 3 million m3 of water per year, some recycled. A RO desalination plant is planned at a site 6 km north of Swakopmund.
Paladin's Langer Heinrich is 50 km south-southeast of Rössing, in the Namib Park, and 80 km from the coast. It was bought by Paladin Resources Ltd (now Paladin Energy) in 2002. The open pit mine commenced operation late in 2006 with 1000 tU/yr capacity. The ore occurs over 15 km in a palaeochannel system, some 50m deep. Some vanadium is present in the carnotite mineral. There is a conventional hard rock mill with an alkaline leaching circuit.
Annual production by calendar year is tabulated above. That for 2015-16 was 2161 t U3O8, 1832 tU. Stage 3 development boosted production capacity to 2000 tU/yr from late 2011 at a cost of US$ 100 million. In 2015-16 the C1 cash costs were US$ 25.38/lb, with sales at $37.75/lb U3O8. Recovery in late 2014 was 84.5%. A heap leach to produce about 400 tU/yr from low-grade ore by mid-2014 was proposed for stage 4, in moving towards 3850 tU/yr production level. AMEC Minproc is undertaking a definitive feasibility study on this. However, in April 2014 new plant investment was put on hold for at least two years.
The 2017 plan is to reduce feed grade to about 0.056% U3O8 from 0.07%, using stockpiled low-grade ore and leaving some higher-grade ore for when uranium prices improve. C1 cash costs are expected to be $19-22/lb, due to less material being moved.
Reserves are 46,500 tU at 0.01%U cut-off (JORC and NI 43-101 compliant) plus 5100 tU in stockpiles. In 2010 most of the 2008 inferred resources were upgraded with infill drilling. A further 12,000 tU was intended to end up in low-grade stockpiles at the end of mining, with a view to possible recovery then.
In January 2014 China National Nuclear Corporation’s subsidiary CNNC Overseas Uranium Holding Limited bought a 25% joint venture equity stake in the mine for $190 million, entitling it to that share of output. In mid-2016 Paladin sold another 24% of the equity for $175 million, also to CNNC, now entitling it to 49% share of output.
Swakop Uranium started development of the mine in February 2013, and production is due to commence late in 2016, ramping up to 5700 tU/yr. Swakop Uranium is now 90% owned by Taurus Minerals and 10% by Epangelo Mining Co. Taurus is 60% owned by China’s CGN-Uranium Resources Co (CGN-URC) and 40% by China-Africa Development Fund, set up by China Development Bank in 2007. In July 2014 CGN Global Uranium Ltd (CGU) was incorporated in the UK to sell Husab uranium on the world market.
The main part of the Husab project is the Rössing South orebody, about 5 kilometres south of the Rössing mine and 45 km northeast of Walvis Bay port. A definitive feasibility study demonstrating the technical and economic viability of mining Zones 1 & 2 was completed by Perth-based Extract Resources on the basis of measured resource for them of 32,000 tU averaging 0.043%U, and indicated resources of 105,500 tU at 0.037%U (JORC and NI 43-101- compliant). Inferred resources in Zones 1 to 5 are 50,000 tU averaging 0.029%U. This comes to 188,000 tU averaging about 0.035%U proven to June 2011, all with 100 ppm cut-off and still open along strike and dip. It is evidently the highest grade granite-hosted uranium deposit in Namibia, and it is an extension of the Rössing stratigraphy. Only 10km of 15km strike on the company's lease – contiguous with Rössing – had then been drilled. It lies under a shallow (50m) alluvial sand cover. Zone 1 pit will be 1.3 x 2.5 km and Zone 2 pit will be 1.0 x 1.5 km.
The company's Husab uranium project includes the Ida Dome 20 km south, with 9600 tU inferred resource at 0.02% (contiguous with Reptile's Ongalo).
The definitive feasibility study involved the project's zones 1&2, and showed a production cost of US$ 32/lb U3O8 including royalties, marketing and transport, with capital cost of $1.66 billion. The study envisages mining of 15 million tonnes of ore per year from two separate open pits to feed a processing plant producing 5770 tU per year. The Ministry of Mines and Energy approved the mining licence in November 2011, and in January and July 2011 the Ministry of Environment and Tourism gave environmental approval for the mine and related works to subsidiary Swakop Uranium, which holds some of the tenements. Water supply and labour agreements were signed in April 2014. Mine development commenced in May 2014. A 1500 t/day sulfuric acid plant is built and additional acid may be imported. Late in 2016, water supply was a problem, and 140 million tonnes of overburden had been moved. The EPC contract was the largest for any African mine.
Corporate history: The two-stage takeover by Taurus/CGN-URC was complex. Kalahari Minerals PLC owned 42.74% of Extract Resources. In March 2010 Itochu Corp* bought a 14.94% stake in Kalahari for $92 million, and in May Hong Kong-listed APAC Resources bought 7.1% of Kalahari for $44.6 million. In March 2011 China Guangdong Nuclear Power UraniumResources Co (CGN-URC) notified a possible $1.22 billion cash offer for the whole of Kalahari Minerals PLC, but this was withdrawn in May. It was then renewed, and in December a GBP 632 million (US$ 984 million) bid by Taurus Minerals, a Hong Kong company 60% owned by CGN-URC and 40% by the China-Africa Development Fund, was unanimously recommended by Kalahari directors. It then acquired some 90% of Kalahari, including Rio Tinto's 11.5% and Itochu's 14.9% stake, requiring it to make a $2.2 billion downstream cash offer for Extract shares. It did this, Extract directors recommended acceptance, and the takeover was completed in April 2012. CGN-URC became CGNPC-Nuclear Fuel Co (CGNPC-NFC) in February 2012.
In November 2012 the Namibian government’s Epangelo Mining Company Ltd agreed to buy a 10% interest in Swakop Uranium for $213 million, funded by the vendor and to be repaid from dividends**. While CGN-URC is majority shareholder, some of the production will be sold on world markets.
Extract Resources had earlier rejected overtures from Rössing Uranium for joint development, using the Rössing treatment plant, though in February 2011 Extract confirmed that it was holding discussions with Rio Tinto about combining its Husab Uranium Project with Rio's adjacent Rössing Uranium mine (68.6% owned), "with a view to capturing the significant potential synergies that could be generated from a joint development of the two projects". These discussions were inconclusive. Rio Tinto had direct equity in Extract of 14.22%, and 11.52% of Kalahari (formerly 19% overall in Husab) but sold both holdings to Taurus.
Australia's Deep Yellow Ltd, through wholly-owned subsidiary Reptile Uranium Namibia, is focused on the Omahola Project. It includes the high-grade Inca primary uraniferous magnetite deposit at about 200 metres depth, the Ongolo Alaskite 10 km away, and MS7 Alaskite in between and possibly connected to it. An acid leach mill near the Ongolo Alaskite deposit was envisaged treating ore from Ongalo and MS7 Alaskite deposits and the INCA uraniferous magnetite deposit, all mined by shallow open pit (to 200 m).
Inca has 2800 tU indicated and 2400 tU inferred resources at about 0.04%U. It is about 10 km south of Etango and 35 km in from the coast. Some 12km northeast of Inca, the Ongolo Alaskite deposit was discovered in 2010, and has 2600 tU measured, 3000 tU indicated and 4000 tU inferred resources at 0.032%U grade and a strike length of up to 2km (contiguous with Extract's Ida Dome). In between is MS7 with 1660 tU measured, 370 tU indicated and 500 tU inferred resource. It is 600m along strike and 400m wide.
All resources (Jan 2013) are JORC-compliant. In January 2013 the company reported resources of 17,400 tU grading 0.036%U at 250 ppm cut-off for the whole greater Omahola project comprising Inca, Ongolo and MS7.
In November 2011 the company submitted an environmental assessment report for Inca envisaging an open pit mine producing up to 2.5 Mt/yr of uranium and iron-bearing ore which could result in production of up to 960 tU/yr, depending on project economics. The company has applied for a mining licence. Environmental assessment of Ongolo-MS7 was done in 2012. A mill situated close to Ongalo was envisaged.
However, test work on Ongalo alaskite ore reported in April 2013 showed promising results from heap leaching. In June 2014 the results were confirmed, with potential uranium recoveries of 80% after seven days' leaching and acid consumption of 12.4 kg per tonne. This means that the cut-off grade could be 100 ppm and hence average grade of the ore would be reduced to 0.0191%, with large increase in recoverable uranium to 48,000 tU.
Deep Yellow/Reptile's Tumas project takes in a major palaeochannel and has three zones stretching over about 30 km southeast of Omahola. At 200 ppm cut-off, Tumas has 3320 tU measured resources and 1855 tU indicated resources (Oct 2016, JORC-compliant). In May 2016 beneficiation results using Marenica Energy’s U-pgrade process were reported for bulk samples from Tumas. Scrubbing produced good liberation of carnotite, then gravity separation gave process feed grade of 1.3% U3O8.
Deep Yellow said that given its grades are much better than Marenica’s own ores, Tumas provided an excellent opportunity to commercialise the process. In September 2016 Deep Yellow and Marenica executed a technology licence agreement to use the U-pgrade process for the Tumas project (east of Tubas Sand) and other ores.
The U-pgrade process takes run-of-mine calcrete ore at about 350 ppm. First is scrubbing and screening, then clay and calcite removal (about tenfold beneficiation to here), then carnotite concentration to give product of 10-15,000 ppm U3O8 (1 to 1.5%) with 85% of the original uranium. The product is suitable for acid leaching.
Deep Yellow/Reptile’s Tubas Sand project is 10 km south of Omahola and comprises the shallow aeolian Tubas Red Sand (TRS) deposit immediately south of the Tubas palaeochannel. It has inferred resources of 4900 tU as carnotite, which can be readily beneficiated to 0.05% using German hydrocyclone technology. There are also calcrete ores in the Tubas palaeochannel. It has been seen as a stand-alone operation, possibly supplying other uranium mills, or eventually Omahola, but has not been progressed since 2014.
Reptile's Aussinanis project, also a palaeochannel deposit, near the coast about 60km south of the others. It has 6976 tU indicated and inferred resources at about 0.02%U, and the hydrocyclone technology tested on TRS has potential application here. In January 2013 Deep Yellow agreed with Namibia's Epangelo to transfer its Aussinanis and Ripnes projects into a new company, Yellow Dune Uranium Resources Ltd. Epangelo acquired a 5% stake in Yellow Dune to fund test work and confirm that the Aussinanis deposit can be upgraded by beneficiation. Reptile holds 85% and Oponona Investments 10%. If the test work at Aussinanis is successful, Epangelo will become the operator of the joint venture and would earn up to 70% in Yellow Dune by funding the project through to a bankable feasibility study. Reptile's holding would then shrink to 20%.
Reptile also has a joint venture with a Namibia subsidiary of Toro Energy for contiguous ELs. Paladin holds 15% of Deep Yellow Ltd.
Areva's Trekkopje is about 80 km northeast of Swakopmund, and 35 km north of Rössing. In 2007 UraMin Inc announced an upgrade of uranium resources at this project, comprising two adjacent palaeochannel deposits (Klein Trekkopje being the main one) over an area about 16 km by 1 to 3 km. The company was then taken over by Areva to become Areva Resources Southern Africa, with subsidiary Areva Resources Namibia developing the mine (Areva 100%).
The US$ 1 billion project has a shallow open-pit mine and plans a sodium carbonate/bicarbonate heap leach process. About 80 percent of the ore is less than 15 metres deep, but is very low grade - 0.012-0.015%. Since 2010 water has been supplied from a coastal desalination plant set up by Areva with about 55,000 m3/day (20 million m3/yr) output. Some of this water is available to other mines. The plant was jointly owned by Areva and a local company, United Africa Group, and was to remain in operation despite the mine’s mothballing.
A substantial conversion of 'inferred' resources to reserves occurred as a result of drilling in 2006 and 2007, taking the Measured and Indicated resource category to 42,000 tU in the main deposit. Areva quoted 45,600 tU resources in 2008, but then revised this to 26,000 tU in 2011 at lower grades, as it announced a massive EUR 1.8 billion write-down of its investment. Over 9000 tonnes of vanadium pentoxide by-product was envisaged. The mine was intended to produce 3200 tU/yr from 2013.
A mining licence was granted in June 2008, first concentrate from the pilot phase was produced in January 2011 but development stalled in October 2011 due to low uranium prices. The second stage pilot operation had been commissioned in mid-2010, and the main ore stacking for on-off alkaline leach operation commenced early in 2012. However, the project was put onto a care and maintenance basis in October 2012: "considering both the continued decrease of uranium prices coupled with the investments yet to be made on site, Areva has no other option than to postpone the launch of the Trekkopje mine." Production in 2012-13 was 437 tU, “demonstrating the feasibility of the technical solutions adopted and confirming the production cost targets.”
Norasa (Valencia + Namibplaas)
Forsys Metals Corp. of Toronto is developing the Valencia uranium project along strike from Rössing and 25 km northeast of it, with geology (alaskite) similar to Rössing. Environmental approval for an open pit mine was granted in June 2008 and a 25-year mining licence was granted in August 2008 to Valencia Uranium P/L (a wholly owned subsidiary of Forsys). Further drilling from 2010 has been at the Namibplaas area, 7 km northeast, with similar geology and which Forsys now fully owns through Dunefield Mining P/L.
Consolidated measured and indicated resources figures (October 2013, NI 43-101 compliant) are 39,700 tonnes U at 0.0167% U with 100 ppm cut-off at Valencia and 160 ppm at Namibplaas. This includes reserves of 35,000 tU at 0.017% U. Inferred resources are 8500 tU at same grade. The Valencia open pit will be 1600x1000 metres and 450 m deep, with a small satellite pit adjacent. The Namibplaas pit will be 1900x500 m and 210 m deep.
The Norasa project is a proposed development involving both deposits. A March 2015 feasibility study estimates annual production of about 2000 tU over a 15-year mine life. Costs are estimated at $32.96 per lb U3O8 over the first five years of production and $34.72 per lb U3O8 over the mine life. Test work has improved uranium recovery from 85% to 91% by using hydrogen peroxide rather than pyrolusite (MnO2) as the leach oxidant. Radiometric sorting is planned from mid-2018.
In October 2010 Perth-based Bannerman Resources Ltd announced measured and indicated resources of 57,330 tU at about 0.019% and inferred resources of 24,600 tU at slightly lower grade, both with 100 ppm cut-off (JORC & NI 43-101 compliant) for the Etango project 30 km southwest of Rössing and 35 km east of Swakopmund. This was formerly known as Goanikontes. The inferred resources are mostly at the adjacent Ondjamba and hyena orebodies. The alaskite ore is very similar to that at Rössing, up to 400m deep, but with two thirds of the resource less than 200 m deep, and open pit mining is envisaged. From trials in a pilot plant using four 2m square columns, each 7m high, heap leaching appears to be the most cost-effective recovery method. Environmental approval for development of the project was received in 2010, and that for infrastructure in mid 2011. A mining licence is awaited.
A definitive feasibility study was completed by AMEC Minproc in March 2012, confirming the viability of the project on the basis of measured and indicated resources only, and putting its cost estimate at $870 million. Some 80% of measured and indicated resources were converted to proven and probable reserves of 46,000 tU at 0.0165%U, supporting minimum open pit life of 16 years. Production at 2700-3500 tU/yr is now envisaged over the first five years, then 2300-3100 tU/yr, with production costs of US$ 41/lb U3O8 over the first five years and $46 longer-term. In September 2014 the company awarded contracts to construct and operate a heap leach demonstration plant, whcih was commissioned in March 2015. In July and then November 2015 the company said that this supported the assumptions in the definitive feasibility study, with over 90% U recovery and only 15 kg/t acid consumption. It thus demonstrated the viability of the operation for potential investors and financiers. A further three phases of leach and SX testing ran successfully to mid 2016, and operation of the demonstration plant was extended. A project schedule drawn up as part of the definitive feasibility study envisages an engineering and construction period of about 30 months from project approval to plant commissioning.
Bannerman originally held 80% of the Etango project and in December 2015 acquired the balance of it. It has been seeking a development partner. In July 2011 China's Sichuan Hanlong group made a conditional A$144 million takeover offer for Bannerman, but this did not proceed. In April 2012 state-owned Epangelo Mining Ltd agreed to buy a 5% stake in the project for about $3.9 million, with an option to buy a further 5% upon commitment to mine development. However the deal was called off when the companies could not agree on terms. Funding was formerly from a major shareholder, Resource Capital Funds, but at the end of 2015 the company was debt-free and looking forward to project funding.
In July 2008 West Australian Metals, now re-named Marenica Energy, announced a modest JORC-compliant inferred resource in the Marenica palaeochannel deposit 30 km north of Areva's Trekkopje and similar to it. In December 2011 the company revised this to Indicated Resource of 2500 tU at 0.01%U, and an Inferred Resource of 19,600 tU in 0.008%U ore, mostly palaeochannel but with some granite-alaskite basement rock down to 60 metres. There is good potential to significantly upgrade the uranium plant feed grades by sizing and gravity separation, achieving beneficiation from 0.01% to 0.55% U3O8, and increasing the leach feed grade accordingly. The uranium occurs as carnotite of a particular particle size, significantly denser than the host gangue, mainly calcite. This upgrade potential effectively dismisses heap leaching as a process option with the preferred process now being acid tank leaching of the beneficiation product. (Earlier, the company was considering a $260 million heap leach operation with production of 1350 tU/yr over 13 years at $82/lb.)
In 2012 the company set about improving the grade of the beneficiation product. It now says that its U-pgrade process has wide potential for surficial deposits, especially calcrete ones, and it holds a provisional patent through its subsidiary Uranium Beneficiation Pty Ltd. This process is now the primary focus of Marenica Energy. It is being applied to Deep Yellow’s Tumas ore (see above) and in Australia it is being trialled for Toro Energy’s Wiluna ore.
Marenica Energy has a 75% interest in the project company, Marenica Minerals Pty Ltd, with Xanthos Mining Ltd holding 20% and Millennium Minerals 5%, both being Namibian.
Minor equity in Marenica Energy Ltd is Hanlong Energy Ltd 18%, and Mingsun Technology Co Ltd 7%. China's Hanlong Energy Ltd is a subsidiary of privately-owned Sichuan Hanlong Group.
Zhonghe Resources (Namibia) Development P/L is a Namibian registered company founded in 2008 by China Uranium Corporation Ltd (SinoU) (58%) a wholly owned subsidiary of China National Nuclear Corporation (CNNC), and a private company, Namibia-China Mineral Resources Investment and Development P/L (Nam-China) (42%). It was looking at alaskites northeast of Swakopmund, close to Rössing with a view to open pit mining and heap leaching a low-grade (0.02%U) uranium deposit to produce about 600 tU/yr. Resources are believed to be 6000-12,000 tU. A mining licence was issued by the Ministry of Mines & Energy in November 2012, then the 2011 EIS was released in April 2013, this being the first public information on the project. Nothing further has been heard, but with CNNC’s greater involvement in CGN, its attention is possibly focused on Husab.
Canada's Xemplar Energy Corp of Canada is exploring its Cape Cross Uranium Project in the Namibian "uranium corridor", near the coast.
GoviEx Uranium is exploring the Dome deposit.
Namibia's identified uranium resources are about 5% of the world's known total. Those recoverable at up to $130/kg are about 275,000 tonnes U. The Reasonably Assured Resources portion of this is 176,000 tU, accessible by open pit mining.
Namibia's electricity supply of some 3.8 TWh per year is two-thirds supplied by South Africa, which faces serious supply constraints itself. About 1.5 TWh/yr comes from hydro. A coal-fired plant is planned for Walvis Bay.
The government has articulated a policy position of supplying its own electricity from nuclear power by about 2018, but there is no evident progress towards this goal. The country faces severe challenges in power supply.
Mining is regulated under the Atomic Energy Act 2005 and Environmental Management Act 2007. An Atomic Energy Board has been established along with a National Radiation Protection Authority.
Finland’s Radiation & Nuclear Safety Authority (STUK) is working with Namibian authorities to help develop uranium mining policies and a safeguards and non-proliferation regime, under a program funded by the Finnish Foreign Ministry. As of early 2011 this did not include any development of a regulatory regime for nuclear power.
Namibia is party to the Nuclear Non-Proliferation Treaty and has had a comprehensive safeguards agreement in force since 1998 and in 2000 signed the Additional Protocol.
Namibia has also ratified the 1996 African Nuclear Weapon Free Zone Treaty, also known as the Pelindaba Treaty, which came into force in 2009 and precludes export of uranium to India.