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namib times
SERVING THE COASTAL COMMUNITY SINCE 1958 NO 7005 FRIDAY 3 MARCH 2023 Tel: +264 64 - 205854 / +264 64 - 461866 /Fax: +264 64 - 204813 / 064 - 461824 / Website: www.namibtimes.net
inside Mine's life extended Equipment Rudi Bowe
Rössing Uranium Managing Director, Johan Coetzee recently revealed that mining at the mine will not end in 2026 as was expected, but will continue until 2036.
for a better future
This follows the completion of the bankable feasibility study conducted by the mine the Board approved the Life of Mine Extension (LoME) with another ten years from 2026 to 2036. Despite a formal Life of Mine of 2025, the previous majority shareholder, Rio Tinto, was considering early closure in January 2020. The 2019 sale of Rio Tinto's majority shareholding to China National Uranium Corporation (CNUC), created a limited duration preferential off take agreement at subsidised prices and at a premium to production cost, assuring a positive cash flow and continued operation. In 2021, Rössing embarked on a Feasibility Study for the LoME extension to 2036 through the Phase 4 push back of the existing SJ Pit fully utilising the 15-year mining license granted by the Ministry of Mines and Energy in 2021. The objective of the LoME Feasibility Study was to evaluate and document the technical, practical and economic feasibility to extend the Rössing Uranium LoME beyond 2026 and issue a Feasibility Study Report (FSR) to inform an investment decision by the Rössing Board of Directors. Coetzee said, “the objective of the feasibility study was to evaluate and document the technical, practical and economic feasibility to extend the mine's lifespan,” he explained. Coetzee said the board, following the completion of the
A rare sight
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Passportfree crossborder travel
Rössing Uranium Managing Director, Johan Coetzee
Namport – Commodity performance: A Review of the 3rd Quarter of 2022/2023
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Sports Namibia's ports have experienced a significant increase in both container exports and imports of various commodities. Namwater will pay for it News One of the most impressive commodities is charcoal, which has shown a 39% increase in volume due to high demand in European markets. Copper exports have also experienced a 16% increase due to the benefits of containerisation such as improved security, reduced cargo damage and faster turnaround times. Continues on page 2
Councilor Ronald Noel Bramwell motioned for the protection of the water supply to Walvis Bay from Namwater and the Rooibank/Dorop South Water Scheme.
This follows after water supply interruptions experienced during the festive seasons resulted into a 28-day long water rationing strategy implemented by Municipalities for Walvis Bay, Langstrand and Swakopmund. Continues on page 2
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