NAMIBIAN MINE PRODUCES ITS FIRST URANIUM OXIDE

Swakop Uranium's Husab Mine has produced its first drum of uranium oxide on Dec 30, 2016.

Located about 22 kilometres south of Arandis in Namibia's Erongo Region (Province), the mine is owned by China General Nuclear Power Company and other Chinese partners with a total 90 per cent stake while the Namibian Government-owned Epangelo Mining has a 10 per cent share.

Husab is the largest entity of China in Africa with a total investment of approximately 23 billion Namibian dollars (about 880 million US dollars).

Swakop Uranium Vice-President of Human Resources and Business Support Percy McCallum told Nampa Wednesday tthat he first 400 kilogrammes of uranium, also known as "yellowcake" or "Urania", was an achievement.

"This was a proud day for Swakop Uranium as we moved from constructing the mine to mining operations."

Yellowcake is the powder product of processed uranium ore for fuel.

McCallum said construction was complete and the processing plant was fully operational.

"Our products will mainly be sold to the People's Republic of China," said McCallum.

Former President Hifikepunye Pohamba commissioned the commencement of operations at the mine in May 2014. There are 4.500 temporary workers, mostly women, and 1,300 permanent employees at Husab.

Source: NAM NEWS NETWORK