Mining a key component in Namibia’s economy

Namibia’s mining sector generated $1.6-billion in mining export earnings during 2011, contributing about 11% to the country’s gross domestic product, with the country’s buoyed uranium mining sector forecast to be the single largest mining...

Uranium resource increases sixfold

The resource base of ASX-listed exploration company Deep Yellow’s Tubas Red Sands (TRS) deposit, in the Tubas Palaeochannel, in Namibia, has increased almost six-fold from 4.9-million pounds.

Beneficiation technology to enable recovery of low-grade uranium

A recent German-developed physical beneficiation technology will enable the economical recovery of what has been traditionally considered an uneconomical grade of uranium, at a $135-million, low-grade uranium project in Namibia.

Deep Yellow splits Namibia deposit, reports progress

Australian uranium exploration company Deep Yellow has removed its Tubas Red Sand (TRS) deposit from its Omahola project, in Namibia. The company’s flagship project, located near Swakopmund, initially comprised three deposits, namely Inca, TBS...

Western Australia stocks rebound after 3 negative months

The market capitalisation of Western Australia-listed companies, which comprise the Deloitte WA Index, increased by 5,3% to A$148,4-billion in July, after three negative months, Deloitte said on Monday. The advisory firm reported that the...

Uranium demand seen picking up from 2011 – Toro

The demand for uranium is likely to increase significantly from 2011 onwards, as nuclear power is expected to play a more prominent role in the global energy mix. By 2014, a 1 GW nuclear power station would go on line every month, uranium...

Namibia extends Deep Yellow subsidiary’s exploration licences

The Namibian Ministry of Mines and Energy (MME) has extended three exclusive prospecting licences (EPLs), held by uranium exploration company Reptile Uranium Namibia, for a further two years. The company, which is a subsidiary of ASX-listed...

Australian uranium exploration company lists on Namibian exchange

Australian-listed uranium exploration company Deep Yellow last week listed on the mining section of the development board of the Namibian Stock Exchange. It is the 41st company to list on the Namibian bourse, and the third on the DevX. The company...

Junior finalises sale of uranium exploration rights

Gold junior Tanami Gold has sold the uranium rights to its exploration portfolio in the Tanami-Arunta province, in Australia, for cash and shares worth some $2,5-million, the company said yesterday.