Russian state nuclear firm Rosatom plans to start mining uranium in Namibia in 2029 with an estimated investment of up to US$500 million.
“We plan to complete exploration work in 2026, and start mining uranium in 2029 with a mining period of more than 25 years,” Rosatom said.
Output is planned at around 3,000 metric tons of uranium per year, it said.
A pilot uranium mining program is also planned for Tanzania in 2023-2025, Rosatom said.
Development of nuclear technologies in Africa are to be discussed at the second Russia-Africa summit and economic forum, to be held July 27-28 in St. Petersburg.
